8 reasons why Nepal’s share market is on a continuous rise

Last week, NEPSE wrapped up the week with its highest closing ever. In the same week, over 1.5 million people applied for the IPO (initial public offer) of Nepal Infrastructure Bank Limited (NIFRA), which was Nepal’s biggest IPO ever. That is not only it, the IPO of Chandragiri Hills Limited saw a similar interest as over 1.1 million people applied for the 100,000 shares.

These recent examples are proof that a lot of people are interested and involved in Nepal’s stock market. While many had believed that stock prices would go down due to Covid-19, ever since the market resumed on May 12, 2020, it has gone from 1,200 to 2,300. Every day, stocks of various companies are circuiting as NEPSE’s index has reached up to 2440 on Monday .