Kathmandu, November 6
Nepal’s stock market has formally switched into an online system. Minister for Finance Yubaraj Khatiwada launched the system on Tuesday.
Nepal Stock Exchange (NEPSE), following a directive from the Securities Board of Nepal (SEBON), started the online trading based on a fully automated system. The new technology which aims to make domestic stock activities of an international standard was on a trial since start of current fiscal year.
All share brokers have been associated with the new automated online system. This makes it easy for the investors as they will not have to visit the share broker’s office to buy and sell shares.
Investors can now visit share brokers to open a personal account through which they can trade shares online. They have to give in their email ID and mobile phone number to register.
The system is expected to be a milestone in the domestic capital market increasing people’s access to the share market.
SEBON President Dr Rewat Bahadur Karki said that he was always confident that the new online system would be effective for share trading for Nepalis home and abroad.
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