KATHMANDU: A restraining order has been issued in the Kathmandu Valley from 12 noon on Thursday. The government has said the ban will last for two weeks. However, the stock market will remain open even during this period.
The Nepal Stock Exchange (NEPSE) has issued a public notice stating that the share market will be fully operational in these days. Now investors can buy shares online from home.
NEPSE has stated that there is no need to close the market as the payment for the purchase and sale of shares can be made directly to the bank account through ConnectIPS.
In last year’s lockdown, the stock market was closed for 50 days. The market was reopened by NEPSE under the direction of the Nepal Securities Board (SEBON) after investors protested that their capital was held after a long period of closure.
After the lockdown, the stock market saw a huge improvement. Chief Executive Officer of NEPSE Chandra Singh Saud said that there was no need to close the market.
According to him, broker offices have also been told not to overcrowd and to work with less staff.