During Kathmandu’s prohibitory order, Nepal’s stock market will remain open

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

The Nepal Stock Exchange (Nepse), the country’s only stock exchange, has confirmed that it will remain open throughout the enforcement of the prohibitory order, including in the Kathmandu valley.

According to Nepse, there is no need to close the market because transactions can now be completed online.

Broker companies have also been advised to minimize the number of working workers and tourists in a move, according to Nepse Chief Executive Officer Chandra Singh Saud.

The decision to close the market for about 50 days due to the Covid-19 lockdown had been widely criticized earlier in 2020, prompting the regulatory body, the Securities Board of Nepal, to issue a directive for the market’s reopening.

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The prohibitory order goes into effect on Thursday in Kathmandu and is expected to last for more than two weeks.