The US dollar has recently attained its highest value against the Nepali rupee, reaching a new record of Rs. 133.68 last Wednesday and continuing to rise. The latest statistics from Nepal Rastra Bank on this Sunday indicate a slight increase, with the current rate standing at Rs. 133.70, marking a 2-paisa uptick from the previous […]
The Nepal Stock Exchange (NEPSE) Index demonstrated a substantial gain of 47.75 points, equivalent to 2.56%, compared to the previous day’s closing, reaching a closing figure of 1,907.95 points. The preceding trading day had already seen a gain of 9.87 points for the index. Notably, this marks the highest index level recorded by NEPSE in
During the last fiscal year, the Internal Revenue Department (IRD) of Nepal reported that the government accrued a total revenue of Rs. 84.75 Billion from the sales of alcohol and cigarettes. This revenue distribution comprises Rs. 26.22 Billion from cigarettes, Rs. 25.92 Billion from alcohol, and Rs. 32.61 Billion from beer. The source of this
The FPO allotment process of Unnati Sahakarya Laghubitta Bittiya Sanstha Limited (USLB) was successfully concluded today at the offices of the issue manager, Siddhartha Capital Limited, in Kathmandu. During the FPO issuance from 21st to 24th Kartik, 2080, Unnati Sahakarya Laghubitta Bittiya Sanstha Limited (USLB) had released 1,78,451.18 units of FPO shares at a par
The current promoter of Kumari Bank Limited (KBL) has initiated the auctioning of 5,392 units of shares to the general public starting today. Lok Maya Gurung and Tika Ram Sapkota, existing promoters of the bank, are respectively selling 2,305 units and 3,087 units of their promoter shares to interested individuals. Prospective buyers are invited to
In the fiscal year 2079/80, the Nepalese government conducted a cost analysis, revealing that it incurred a cost of 3.38 paisa to collect 1000 rupees of internal revenue. This analysis was conducted by the Internal Revenue Department (IRD), which reported a total revenue of Rs 4.79 kharba for the year. The departments and subordinate offices
This week, the NEPSE index concluded at 1,860.20, marking an increase of 8.12 points (0.44%) from the previous week’s closing at 1,850.08. The index exhibited a range between 1,816.68 and 1,872.64, indicating a weekly volatility of 55.96 points, slightly higher than the 50.98 points observed in the preceding week. The most significant intraday loss,
A total of 1,36,42,017 units of bonus shares from Machhapuchhre Bank Limited (MBL) have been officially listed on the Nepal Stock Exchange (NEPSE). During the bank’s 25th Annual General Meeting (AGM) on 16th Ashwin, a 14% dividend for the fiscal year 2079/80 was approved. Subsequently, in a board of directors meeting on Bhadra 13, it
Today marks the deadline for investors to secure dividends from Standard Chartered Bank Nepal Limited (SCB) and RSDC Laghubitta Bittiya Sanstha Limited (RSDC). SCB has scheduled its 37th Annual General Meeting (AGM) for Sunday, 24th Mangsir, 2080 (10th December 2023) at the Army Officers Club, Bhadrakali, Kathmandu, starting at 1 PM. To participate, attendees must
Sarbottam Cement Limited has initiated its Initial Public Offering (IPO) through the book-building process exclusively for Qualified Institutional Investors (QIIs), starting on the 6th of Mangsir. In this initial phase, the company aims to issue 24,00,000 unit shares to QIIs, with the IPO closing on the 10th of Mangsir, 2080. The company has specified this
The NEPSE Index experienced a positive shift, gaining 20.67 points or 1.13% from the previous day’s closing, reaching a conclusion at 1,850.33 points. In contrast, the index had suffered a loss of 23.82 points in the preceding trading day. The trading day commenced with an opening index of 1830.11 and fluctuated between an intraday low
The cost of the precious metal, gold, has risen by Rs. 500 per tola today compared to the trading price on Monday. As reported by the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA), fine gold is currently valued at Rs. 1,16,200 per tola, whereas tejabi gold is priced at Rs. 1,15,650. In contrast,
Nepal Stock Exchange (NEPSE) has released a list of 82 stock broker companies and 2 stock trader/dealer companies that have renewed their memberships for the fiscal year 2080/2081. The published list includes a variety of brokerages, each assigned a specific broker number, along with their respective head offices. Some of the notable brokerages on the
The Nepal Stock Exchange (NEPSE) Index experienced a decline of 23.82 points, equivalent to a 1.28% decrease compared to the previous day’s closing, settling at 1,829.65 points. In contrast, the index had recorded a gain of 1.39 points during the preceding trading session. Commencing at 1853.17, the index witnessed fluctuations throughout the day, reaching an
Shangrila Development Bank Limited (SADBL) has announced its 19th Annual General Meeting (AGM), scheduled for the 24th day of Mangsir, 2080. The meeting is set to take place at Lainchaur Banquet in Kathmandu, commencing at 11 AM. One of the significant agendas for the AGM is the endorsement of a 5.263% dividend amounting to Rs.
