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Nepal’s share market will be open during Kathmandu’s prohibitory order also

Kathmandu, April 27

The Nepal Stock Exchange (Nepse), the only one share market in the country, says it will remain open during the implementation of the prohibitory order in the Kathmandu valley also.

Nepse says there is no need to close the market as transactions have been possible online.

Nepse Chief Executive Officer Chandra Singh Saud says broker companies have also been instructed to reduce the number of working staff and visitors in a shift and take other necessary precautions.

Earlier in 2020, the decision to close the market for around 50 days citing the Covid-19 lockdown had been widely criticised, and that resulted in the regulatory body, Securities Board of Nepal, issuing a directive for the reopening of the market.

The prohibitory order is beginning in Kathmandu on Thursday, and it is expected to last as long as more than two weeks.

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