Kathmandu, Oct. 13
The Stock Brokers Association of Nepal
(SBAN) has said that the future of Nepal’s capital market is sustainable and
bright, and urged the investors to trade with patience and high morale.
Expressing concern that investor confidence has been declining amid recent
uncertainty, the association called on investors to engage in share trading
with renewed confidence in the coming days.
SBAN's President Sagar Dhakal said that
although the NEPSE index has dropped to its lowest point, the government and
other concerned authorities have been making every possible effort to reform
and develop the capital market.
"I appeal investors to trade with
optimism in line with these efforts. Following the formation of the new
government, a Capital Market Reform Recommendation Committee was established to
propose necessary measures for improving the capital market. The government has
instructed that these recommendations be implemented immediately," he
said.
Accordingly, the Nepal Rastra Bank has
already begun the required implementations, and the Securities Board of Nepal
has also advanced its activities. “The Board and other relevant institutions
have already initiated the necessary reforms demanded by investors, while the SBAN
has continuously been reminding concerned authorities to carry out long-term
reforms for the development of the capital market,” said Dhakal.
He added that despite damage caused by
recent protests to public property and private businesses, various indicators
of the national economy — including bank interest rates, foreign exchange
reserves, inflation rates, and financial liquidity — are improving,
This leaves no alternative but for the
share market to recover, said Dhakal.
He further stated that although the capital
market was affected by the protests organised by youth groups (Gen-Z) on 9–10
October and the resulting political instability, the interim government has
been working to maintain law and order and has formulated and implemented
short-, medium-, and long-term policies aimed at ensuring economic stability
and sustainable development.
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