Nepal share market to close from Thursday again

Kathmandu, May 14

The country’s share market, Nepal Stock Exchange (Nepse), is likely to close its operation indefinitely from Thursday again.

After a break of around 50 days, the market had opened Tuesday. However, the Securities Board of Nepal, the share market regulator, directed to stop its operation immediately, according to the board’s chairperson Bhishma Raj Dhungana.

Estimating that the market rates can go too low due to the ongoing lowdown, a provision was made to impose a circuit breaker whenever the rates go up or down by two per cent.

In the past two days, the market witnessed negative circuit breakers; consequently, the big investors had demanded that the government stop its functioning again.

Published on May 14th, Thursday, 2020 10:38 AM

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