Nepal Stock Exchange decides to close operation from Thursday. (Photo for Representation)
KATHMANDU: Nepal Stock Exchange (Nepse), the country’s share market, has decided to close its operation indefinitely from today.
The market, which had opened Tuesday after a hiatus of some 50 days, will be closed down as the Securities Board of Nepal, the share market regulator, instructed to stop operation.
The market has witnessed negative circuit breakers in the past two days.
Nepse, which resumed its operations on Tuesday, witnessed a steep fall in the very opening day today.
There had been a circuit break after it went down by 2.02 percent soon it resumed its operation.
The transaction plummeted by 25.30 points to settle at 1226.15 points in an hour after it resumed.
The benchmark index had remained closed after the Nepal the government imposed lockdown in the country to stem Coronavirus spread.