KATHMANDU: The share market is likely to take a nosedive following the strict measures imposed by the Nepal Rastra Bank (NRB) on the banks and financial institutes (BFIs).
The NRB on Tuesday issued measures instructing that the BFIs cannot invest in the microfinance shares and sell more than one percent of its primary capital in a year among others.
Meanwhile, share market experts have predicted that the Nepal Stock Exchange (Nepse) will go down due to these rules issued by the NRB.
“With these provisions, the Nepse, which was increasing steadily, is likely to go down in the upcoming days,” said Chhote Lal Rauniyar, the chairman of Nepal Investors Forum.
However, its effect will not remain for a long time, said Rauniyar, adding, “it will peak up again.”
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