Kathmandu. The stock market, which opened nearly a week after the Genji protests, fell sharply on Thursday. The NEPSE index decreased by 160 points to close above 2500.
The market was closed for a week after the Genji movement. Share trading in Nepal was halted for about a month after the powerful earthquake that struck Nepal on April 25, 2015.
This is not the first time that there has been a big drop in stock trading in the event of a natural disaster or a major crisis in the country. Before the devastating earthquake of April 25, 2015, the NEPSE index had closed at 938.19 points. After the earthquake, the shares could not be traded for about 1 month.
After that, the market fell for 4 consecutive days. On the fourth day, the NEPSE index had decreased to 837.83 points. The market, which opened after the earthquake, fell by about 11 percent and after that the market caught a bullish trend.
After the earthquake, the market was down by about 100 points after four days and after that the market rose for 9 consecutive days. In the last eight days, the NEPSE index increased by 107 points and covered the 4-day decline.
After the earthquake, Nepal’s stock market caught the bullish trend and the bull reached above 1800.
