Stories Tagged 'Stockbrokers'
The Securities Board of Nepal’s plan to allow stockbrokers to work as securities dealers is in doubt as the regulator continues to procrastinate on revising the related laws.
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Stockbrokers are asking the Securities Board of Nepal to allow them to operate as proprietary traders, portfolio consultants and portfolio manager too. The board is preparing to allow banks to provide brokerage services and the Citizen Investment Trust to operate as a stock dealer.
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Share investors are having a hard time using the automated online trading system launched by the Nepal Stock Exchange in November due to a number of software glitches.
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Nepal Stock Exchange (Nepse) index shed 10.68 points to close at 1,180.63 points last week, as investors continued to stay away from the country’s only secondary market due to banks’ charging high interest rates.
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Nepal Stock Exchange (Nepse) index inclined marginally by 1.41 points to close at 1,193.39 points last week, as the market responded lukewarmly to the government tax, monetary policy and the introduction of full-fledged online trading system.
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Nepal Stock Exchange (Nepse) index increased marginally by 8.93 points to close at 1,366.15 points last week, boosted by small investors while large and institutional investors were unwilling to invest in the secondary market.
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