Nepse sets sights at workstation expansion

KATHMANDU, DEC 18 - 2013

The Nepal Stock Exchange (Nepse) has planned to open its workstations in all major cities of the country by the end of this fiscal year with an aim to facilitate the stocks trading from outside the Valley. Nepse has recently opened its new workstation in Dharan, taking the number of such facilities to eight.The secondary market has been facilitating such trading in coordination with the stockbrokers.

 Nepse General Manager Sitaram Thapaliya said they had initiated for expanding the number in view of the growing attraction of the people outside the valley for stock transactions. “Compared to the past, there is
growing awareness for trading from the distant places too,” he added. Nepse has long been mulling to initiate the complete online trading, albeit unsuccessfully.

Earlier, it had opened 11 workstations in locations outside the Valley. However, a number of them were closed as they could not manage the operation costs owing to low volume of tradings in the braches.

A total of eight workstations are currently in operation, with three in Pokhara, two in Biratnagar, one each located in Dharan, Birgunj and Narayanghat.

Nepse spokesperson Sambhu Pant said they had started a feasibility study to open workstations in other cities. “We will provide multiple login facilities to the selected brokers after completing the preliminary study,” he said adding that a number of brokers were also attracted to the Nepse’s plan.

Once plunged below 300 points two years ago, Nepse crossed 770 points on Monday. There has been a remarkable turnover in the secondary market which a growing number of brokers consider favourable for the sustainable growth of the market. In

addition, the market capitalisation has also been observing a significant growth in the recent days.

Meanwhile, Nepse has planned to invited ‘Expression of Interest’ from prospective consultants to  initiate the online trading. Nepse will soon announce for the EoI and initiate a process to purchase an appropriate software and other logistics for the purpose.

Source: The Kathmandu Post