Even though the government has imposed a lockdown in Kathmandu valley the country's sole share market will remain open during the prohibitory period. Nepal Stock Exchange (Nepse) has issued a notice stating that the secondary market will stay open throughout the lockdown period.
The prohibitory order, which will come into effect from 6 am on April 29 (Thursday), will not affect the share market. People can buy shares through online digital payment system. Nepse has stated that there is no need to close the market as the payments for the purchase and sale of shares can be made directly to the bank account of the concerned people through Connect IPS.
Previously, the share market had been closed for 50 days during the last lockdown period. NEPSE had later reopened the market under the direction of the Securities Board of Nepal (SEBON) after investors protested that their capital was lying idle due to the lengthened closure.
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