Corporate News

KATHMANDU, October 30: The Securities Board of Nepal (SEBON) — capital market regulator — has directed stockbrokers, merchant bankers and Applications Supported by Blocked Amount (ASBA) members to have robust management in place so that investors can apply for auction shares from outside the Kathmandu Valley too.

Currently, investors from outside the Valley are not able to invest in auction shares.

SEBON has directed the concerned parties to set up a system whereby people from major cities outside the Valley like Biratnagar, Birgunj, Pokhara, Butwal, Nepalgunj, Surkhet and Dhangadi can invest in auction shares.

Similarly, SEBON has also directed the aforementioned parties to establish a system that allows investors to invest in right shares through ASBA mechanism.

Source: The Himalayan Times

Corporate News

Civil Bank holds AGM

KATHMANDU, May 11: The Annual General Meeting (AGM) of Civil Bank Ltd has approved 14.30 percent dividend – 10.25 percent stock and 4.05 percent cash – to its shareholders. The event was held at Amritbhog in Kathmandu.

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Banks race to issue debentures to reduce reliance on deposits

KATHMANDU, March 28: Many banks are opting for debenture as an instrument to collect funds as part of their efforts to address the shortage of lendable fund.

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Country’s forex reserves slump to 32-month low

Kathmandu, December 24- Nepal’s foreign exchange reserves have slumped to a 32-month low despite robust growth in remittance income and downward revision in foreign exchange facility for Nepalis visiting overseas, raising the spectre of the country facing a balance of payments crisis if the problem continues to grow.

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Doha Bank opens representative office in Nepal

Kathmandu, December 19 - Doha Bank, one of the largest commercial banks in Qatar, has opened its liaison office in Nepal as per the permission granted by the central bank about six months ago.

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GILB 9.9920 1,376.0 6,830,179.0
NMBMF 8.5821 1,164.0 8,237,239.0
UIC 3.4197 998.0 14,834,991.0
HURJA 3.0769 134.0 6,782,720.0
MHNL 3.0303 102.0 574,920.0
Symbol % Change Last Price Turnover
CMF1 -10.0000 9.0 46,590.0
NICGF -10.0000 9.0 55,262.0
SEF -10.0000 9.0 236,320.0
SAEF -10.0000 9.0 163,527.0
JOSHI -9.7561 111.0 23,570.0
Symbol % Change Last Price Turnover
NBL -1.1765 336.0 48,562,568.0
SHIVM 2.3766 560.0 47,573,271.0
UPPER -4.1812 275.0 37,436,217.0
HDL -7.9049 1,666.0 25,425,245.0
ADBL -1.3921 425.0 21,534,332.0