Stock related news & regulations of Nepal Stock Exchange

KATHMANDU, SEP 04 - The Nepal Stock Exchange (Nepse) on Thursday issued a mandatory circular asking the listed companies to dematerialise their share certificates and to register in the CDS and Clearing Limited within the next three weeks.

Of 240 listed companies, only 68 have converted their shares into demat--electronic--format, said Nepse.

According to Nepse, it issued the circular citing a large number of the listed companies ignoring the exchange's previous circular to go into paperless system. "As the six-month deadline that we gave the companies for the purpose nears, we are forced to issue the circular," said Murahari Parajuli, assistant spokesperson at Nepse.

Nepse carried out the paperless transaction for the first time on April 16. The CDS bylaw maintains that all the companies should adopt paperless transaction within six months from the date of the first dematerialised transaction.

The paperless transaction of the commercial banks' stocks will start from October 6, with a target to follow it up with the entire stocks' transaction from October 19, Nepse said in a statement. Nepse has asked all the stockbrokers to take license of depository participants by mid September.

It has also urged the investors to do transactions only through their demat account within the prescribed date.

Source: The Kathmandu Post

Corporate News

India makes exemption for Nepal, allows some refined palmolein imports

February 12, 2020- India, which restricted imports of refined palm oil and palmolein in January, has exempted Nepal and has started issuing licences to import some refined palmolein from the Himalayan nation, two government officials told Reuters.

Read more ...

HIDCL, Power China to build 762MW Tamor reservoir project

Kathmandu, September 16- The Hydroelectricity Investment and Development Company Ltd (HIDCL) and state-owned Power China Corporation have jointly submitted a project development proposal at the Investment Board Nepal (IBN) to build the 762-megawatt Tamor reservoir project, which will cover Panchthar, Taplejung, Terhathum and Sankhuwasabha districts.

Read more ...

Security audit of BFIs compulsory

Kathmandu, September 10- Nepal Rastra Bank (NRB) has made it mandatory for banks and financial institutions (BFIs) to conduct an audit of their information and technology (IT) system.

Read more ...

Age limit set for CEOs, directors at BFIs

KATHMANDU: Nepal Rastra Bank has set an age bar for board of directors and chief executive officers of banks and financial institutions (BFIS).

Read more ...
Symbol % Change Last Price Turnover
TPC 10.1449 532.0 1,200,368.0
NBB 10.1227 359.0 78,348,179.0
MKJC 10.0209 527.0 10,408,576.0
NIBLPF 10.0000 11.0 251,978.0
NTC 9.9914 1,277.0 164,339,250.0
Symbol % Change Last Price Turnover
VLBS -2.3669 1,650.0 11,812,950.0
SBIBD86 -2.3415 1,001.0 90,350.0
MLBBL -0.9975 1,985.0 2,583,021.0
NLG -0.9524 936.0 6,741,837.0
PBD85 -0.9288 960.0 72,000.0
Symbol % Change Last Price Turnover
MLBL 9.7333 823.0 372,688,498.0
NHPC 8.9412 463.0 304,219,800.0
API 2.7613 521.0 233,673,436.0
LBBL 1.5152 670.0 182,483,005.0
NTC 9.9914 1,277.0 164,339,250.0