Business

The Nepal Stock Exchange (NEPSE) closed higher on Thursday, the final trading day of the week. According to NEPSE, the benchmark index increased by 34.22 points to reach 2,600.38 points. Out of the 13 trading subgroups, 12 posted gains, while only one subgroup declined. Promoter shares of Himalayan Bank were the most actively traded, recording a transaction value of over Rs 1.66 billion. Gurans Laghubitta and Unnati Sahakarya Laghubitta Bittiya Sanstha were the top gainers of the day, each hitting the positive circuit limit of 10%. In total, 2,60,10,718 shares of 319 companies were traded, amounting to over Rs 7.51…

The resignation of Anand Pandey, CEO of NMB Laghubitta, has been accepted. The board of directors approved his resignation at a meeting held on Kartik 12. Citing personal reasons, Pandey stepped down from his position as CEO. His resignation will take effect from Poush 7.

Nepal Rastra Bank has published the foreign currency exchange rates for today. According to the central bank, the buying rate for one US Dollar is NPR 140.82 and the selling rate is NPR 141.42. Similarly: Euro (1): Buying NPR 163.83 | Selling NPR 164.53 UK Pound Sterling (1): Buying NPR 186.14 | Selling NPR 186.93 Swiss Franc (1): Buying NPR 176.67 | Selling NPR 177.42 Australian Dollar (1): Buying NPR 92.84 | Selling NPR 93.24 Canadian Dollar (1): Buying NPR 100.98 | Selling NPR 101.41 Singapore Dollar (1): Buying NPR 108.72 | Selling NPR 109.18 Japanese Yen (10): Buying NPR…

The Nepal Stock Exchange (NEPSE) index witnessed a slight decline today, falling by 5.17 points to close at 2,566.16 points. According to NEPSE, a total of 32,1 listed companies traded 11,501,284 shares in 50,487 transactions, amounting to a total turnover of Rs. 5.45 billion. In today’s trading, the Hotel and Tourism sector rose by 2.15%, Hydropower by 0.01%, Microfinance by 0.13%, and the Trading sector increased by 2%. However, all other sector indices declined. The Banking sector fell by 0.34%, Development Bank by 0.91%, Finance by 0.77%, Investment by 0.17%, Life Insurance by 0.64%, Manufacturing and Processing by 0.28%, Mutual…

The price of gold in the Nepali market has declined again on Wednesday. Compared to Tuesday, the price of gold dropped by Rs 700 per tola today. According to the Federation of Nepal Gold and Silver Dealers’ Association, gold was traded at Rs 2,37,000 per tola on Tuesday, but it is being traded at Rs 2,36,300 per tola on Wednesday. Gold prices have been continuously declining in recent days. Meanwhile, the price of silver has increased. Silver, which was traded at Rs 2,920 per tola on Tuesday, rose by Rs 45 to reach Rs 2,965 per tola on Wednesday.

Nepal Rastra Bank (NRB) has published the foreign exchange rates for today. According to the central bank, the buying rate for one US Dollar (USD) is set at Rs. 140.93 and the selling rate at Rs. 141.53. Similarly, the exchange rates for other major currencies are as follows: Euro (EUR): Buying Rs. 164.27 | Selling Rs. 164.97 UK Pound Sterling (GBP): Buying Rs. 187.54 | Selling Rs. 188.34 Swiss Franc (CHF): Buying Rs. 177.38 | Selling Rs. 178.14 Australian Dollar (AUD): Buying Rs. 92.40 | Selling Rs. 92.79 Canadian Dollar (CAD): Buying Rs. 100.68 | Selling Rs. 101.11 Singapore Dollar…

Nepal Stock Exchange (NEPSE) index increased by 62.29 points to settle at 2,571.34 today. This is a 2.48% rise in the overall market index. A total of 92,43,723 shares of 314 companies were traded in 47,094 transactions, resulting in a total turnover of Rs. 4.57 billion. Except for the Trading sector, all other sub-indices saw gains today. Nyadi Hydropower Limited and Butwal Power Company Limited hit the positive circuit limit during today’s trading session. Meanwhile, Himalayan Power Partner Limited recorded the highest loss of the day with its share price declining by 6.36%.

The day after Tihar, homes across the country were filled with light, but darkness fell over industries in Rupandehi. The Nepal Electricity Authority (NEA) cut off power supply last Friday evening, citing non-payment of premium charges for dedicated and trunk power lines, shutting down 10 industries in the Butwal–Bhairahawa industrial corridor. Following the shutdown, nearly 24,000 workers have been left jobless. A long-standing billing dispute between 21 industries in Rupandehi and the NEA, ongoing since 2020, has resurfaced once again. The industries have refused to pay the charges, arguing that there is no proof they used dedicated or trunk power…

Nepal Rastra Bank has published the foreign currency exchange rates for today. According to the central bank, the buying rate of 1 US Dollar has been fixed at Rs. 140.90 and the selling rate at Rs. 141.50. Major Currency Exchange Rates (NPR) CurrencyBuying RateSelling RateUS Dollar (USD)Rs. 140.90Rs. 141.50Euro (EUR)Rs. 163.99Rs. 164.69Pound Sterling (GBP)Rs. 187.98Rs. 188.78Swiss Franc (CHF)Rs. 177.05Rs. 177.81Australian Dollar (AUD)Rs. 92.37Rs. 92.76Canadian Dollar (CAD)Rs. 100.82Rs. 101.24Singapore Dollar (SGD)Rs. 108.69Rs. 109.15Japanese Yen (JPY, per 10)Rs. 9.23Rs. 9.26Chinese Yuan (CNY)Rs. 19.83Rs. 19.91Saudi Riyal (SAR)Rs. 37.57Rs. 37.73Qatari Riyal (QAR)Rs. 38.66Rs. 38.82Thai Baht (THB)Rs. 4.31Rs. 4.33UAE Dirham (AED)Rs. 38.36Rs. 38.52Malaysian Ringgit (MYR)Rs.…

Nepal Rastra Bank has published the foreign currency exchange rates for today. According to the central bank, the buying rate for 1 US Dollar has been fixed at NPR 140.26 and the selling rate at NPR 140.86. Similarly, the rates for other major currencies are as follows: CurrencyBuying Rate (NPR)Selling Rate (NPR)Euro (1)163.07163.76Pound Sterling (1)186.73187.53Swiss Franc (1)176.27177.03Australian Dollar (1)91.3691.75Canadian Dollar (1)100.21100.64Singapore Dollar (1)108.00108.47Japanese Yen (10)9.189.21Chinese Yuan (1)19.7019.78Saudi Riyal (1)37.4037.56Qatari Riyal (1)38.4838.64Thai Baht (1)4.294.31UAE Dirham (1)38.1938.35Malaysian Ringgit (1)33.2133.36South Korean Won (100)9.759.79Swedish Kroner (1)14.9214.98Danish Kroner (1)21.8321.93Hong Kong Dollar (1)18.0518.13Kuwaiti Dinar (1)457.50459.46Bahraini Dinar (1)372.04373.63Omani Riyal (1)364.30365.86Indian Rupee (100)160.00160.15 Nepal Rastra Bank has stated…