Latest NEPSE and Share Market News - Page 97
NEPSE Edges Downward by 6.51 Points Despite Modest Increase in Market Turnover
The Nepal Stock Exchange (NEPSE) index registered a minor decline of 6.51 points today to close at 2,724.39, even as overall trading volume saw a slight uptick compared to the previous session.
Deadline Extended for LS Horizon 12 Mutual Fund; Apply Till May 27 (Jestha 13)
Laxmi Sunrise Capital has extended the subscription deadline for its close-ended 'LS Horizon 12' mutual fund scheme until May 27.
Sanigad Hydro Opens General Public IPO: General Public Subscription Starts May 28 via C-ASBA
Sanigad Hydro Limited will issue 4,674,000 units of IPO shares to the general public starting May 28 (Jestha 14).
NRB Latest Exchange Rates: US Dollar Selling Rate Set at Rs 154.46 Today
Nepal Rastra Bank has unveiled today's exchange rates, fixing the US Dollar's selling rate at Rs 154.46.
Gold and Silver Prices Surge; Gold Trades at Rs 295,300 per Tola on Tuesday
On Tuesday, Nepali markets saw gold and silver prices rise to Rs 295,300 and Rs 5,085 per tola, respectively.
Forex Update: USD Stands Firm as Euro and Pound Take a Hit
According to the latest foreign exchange rates released by Nepal Rastra Bank (NRB) for Monday, the US Dollar has held its ground at a stable price, while both the European Euro and the UK Pound Sterling experienced a minor dip. Today, the buying and selling rates for 1 US Dollar remain unchanged at Rs. 153.25 and Rs. 153.85 respectively, carrying over Sunday's valuation. Conversely, the Euro and the Pound dropped by a few paisा compared to yesterday's closing prices.
Inflation's Next Wave: World Bank Warns of a Massive 2026 Price Shock
The World Bank's April 2026 Commodity Markets Outlook warns of a severe economic shock as ongoing conflict in the Middle East and maritime trade disruptions threaten to drive the global commodity price index up by 16%. The report projects a massive 24% surge in global energy costs—with Brent crude potentially hitting $115 per barrel—alongside a 31% spike in fertilizer prices. This compounding crisis is expected to spark acute global food insecurity and push inflation in developing countries to a four-year high.
Shifting from Remittances to IT: Finance Minister Dr. Wagle Outlines Nepal’s New Economic Blueprint
Finance Minister Dr. Swarnim Wagle declared that the government is steering the country away from a two-decade reliance on foreign remittances, prioritizing digital infrastructure, e-governance, and clean energy instead. Speaking at the Nepal Business Summit, he promised a highly reform-oriented upcoming budget designed to foster private enterprise and secure a long-term "governance dividend" for the public.
Nabil Bank Integrates SIP Services Directly Into "nBank" App
Nabil Bank Limited has expanded its digital banking platform, "nBank," by introducing an integrated Systematic Investment Plan (SIP) service in partnership with Nabil Investment Banking Limited. This new, fee-free feature allows users- including Nepalese citizens living abroad—to register for SIPs and automate installment payments digitally via the app's homepage, advancing the bank's digital transformation goals.
NEPSE Flatline: Market Closes Slightly Lower at 2,730.91
Nepal Stock Exchange (NEPSE) index edged down slightly by 1.03 points (0.03%) to close at 2,730.91 amid quieter trading activity. Total intraday turnover cooled to Rs. 2.45 Arba, with Sahas Urja Limited (SAHAS) leading individual stock volumes, while the Non-Life Insurance sector bucked the minor downward trend to post the day's highest sectoral gains.
NRB Tightens Interest Rate Corridor with New Standing Deposit Facility
The Nepal Rastra Bank (NRB) has launched a Standing Deposit Facility (SDF) offering a fixed 3 percent interest rate to absorb excess banking liquidity and stabilize volatile money markets. While designed to establish a solid floor for the central bank's interest rate corridor, ongoing credit slumps are shifting heavy interest costs to the NRB, prompting financial experts to call for a transition from a twice-weekly window to a daily operation.
Gold Hits Rs 294,800; Silver Falls to Rs 5,040
Gold prices surged by Rs 800 to reach a near-record Rs 294,800 per tola, while silver bucked the upward trend, dipping by Rs 20 to settle at Rs 5,040 per tola in the local Nepali market.