Share market to open from Tuesday

Kathmandu - The Securities Board of Nepal has directed Nepal Stock Exchange (NEPSE) to re-operate the share market from coming Tuesday or May 12. The regulatory body had held discussions with the stakeholders on Friday. Following the meeting, the Board has made arrangements to open the second market transactions for two hours daily (11 am to 1 pm).

Board spokesman Niraj Giri said provisions have been made allowing for up to one per cent change against the final value of the previous day while entering the values in the primary transaction session and for a two per cent change while entering the transaction order. Overall, more than three per cent fluctuation would not be allowed on a day.