Political Instability Hits Nepal's Capital Market, NEPSE Index Plummets
Kathmandu. The latest political instability and fluctuations in the country are having a direct impact on the capital market. Investors are worried as the NEPSE index saw a significant decline on a trading day this week.
On Sunday, the index fell by 42.27 points to 2907.89 during one hour of trading. The index, which started declining shortly after the market opened, remained under pressure throughout the day.
Out of a total of 313 companies whose shares were traded, the share price of 255 companies decreased, while only 9 companies saw an increase in price. The price of 2 companies remained stable.
Following the formation of the new government on Friday, the government arrested former Prime Minister KP Sharma Oli and former Home Minister Ramesh Lekhak. Furthermore, the 100-point action plan introduced by the government included a provision to investigate the assets of all high-ranking officials since 2046 BS.
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