KATHMANDU: The share transaction amount has set a new record on Thursday despite NRB’s ruling. According to NEPSE, a share turnover of Rs 13.17 billion was recorded on Wednesday. But the transaction reached over Rs 14.5 billion, setting a new record in share trading on Thursday.
On Tuesday, Nepal Rastra Bank (NRB) issued a directive for the implementation of the monetary policy review and tightened the rules on share trading for banks and financial institutions.
Banks will not be allowed to buy shares of microfinance following the directive of NRB. Likewise, NRB had instructed BFIs to hold the shares of other companies for at least one year.
The NRB’s directive was expected to have a negative impact on the share market. Share prices of microfinance institutions declined as expected on Thursday. But the market did not go down as discussed. At the end of the day, the uptrend has come down by a small number.
