Kathmandu. KATHMANDU: Stock Brokers Association of Nepal (SBAN) has urged the investors to be patient and have high morale, saying the future of Nepal’s capital market is stable and bright.
Sagar Dhakal, president of the Association of Brokers, has urged the investors to trade with high morale in the coming days. “Now the NEPSE index has dropped to the lowest point and the government and other stakeholders have put in their best efforts for the improvement and development of the capital market. Let’s carry out business with high morale,” Dhakal said, adding, “With the formation of the new government, a capital market reform advisory committee has been formed for the reform and development of capital market. ’
According to Dhakal, the Board and other stakeholders have immediately taken up all the necessary reforms as demanded by the investors. “The brokers’ association has also been urging the stakeholders to carry out long-term reforms for capital market reform,” he said.
“Although the agitation has caused damage to government property and personal property and business of the private sector, there is no alternative to improvement in the share market as the financial liquidity has been strengthened along with various indicators of the country’s economy, bank interest rate, savings rate and depreciation of foreign currency,” he said.
Dhakal said that although the agitation of Youth Groups (Genji) on October 9 and 24 and the political instability seen following the agitation had affected Nepal’s capital market, the investors should not be worried as the interim government has made and implemented short-term, mid-term and long-term policies for the stability of the economy and sustainable development. “The incumbent government has made its best efforts for the growth and development of the capital market and we have been exerting pressure on the government to carry out reforms accordingly,” he said, adding, “In such a situation, there is no alternative for the investors to trade shares with restraint while protecting their assets.” ’
