Stock Exchange to remain open despite prohibitory order in Kathmandu

KATHMANDU: The Nepal Stock Exchange (Nepse) will continue trading despite the prohibitory order in place in Kathmandu Valley from Thursday.

Murahari Parajuli, spokesperson of Nepse said that despite the government’s decision to impose prohibitory order, Securities Board of Nepal (Sebon) have not instructed Nepse anything related to halting the trading. “Sebon is the regulator of Nepal’s capital market, and Nepse is obliged to follow instructions forwarded by the regulatory body,” said Parajuli.

Meanwhile, Deepa Dahal, information officer at Sebon said that  the capital market will remain open. “Everything from IPO application, share trading, and payment has now been made online. Thus, the capital market can operate online without physical gathering,” said Dahal.