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Delay in implementing policies adversely affecting stock exchange, brokers say
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Kathmandu, Aug. 23 -- Delay in the implementation of government policies has adversely affected the stock exchange market as seen by the bearish trend in recent weeks, said stockbrokers.
The Securities Board of Nepal, the sector's regulator said it has been working to enforce several policy measures as recommended by the panel formed by the Ministry of Finance on December 7. Based on the study report forwarded by the panel under Nepal Rastra Bank Deputy Governor Shivaraj Shrestha, the ministry had asked the stock market regulator to enforce the measures.
Of them, implementation of margin trading, providing the banks with brokerage licence, reducing the period for settlement of shares transaction and allowing the Citizen Investment Trust...
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