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Economy

Nepali Ambassador to Bahrain calls for investment in Nepal

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KATHMANDU — Nepali Ambassador to Bahrain Padam Sundas has appealed to Nepali organizations in Bahrain to help bring investment to Nepal.

In an interaction with representatives of various organisations including the Non-Resident Nepalis Association at the Nepali Embassy in Manama on Friday, he called for efforts to utilize the income generated by Nepalis in Bahrain for proper investment in Nepal, according to a statement issued by the Embassy.

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Deputy Chief of Mission Khagaraj Adhikari facilitated the interaction where Chartered Accountant Ramesh Dhital shed light on Nepal’s economic indicators, areas of strategic advantage, investment procedures, existing tax provisions and new areas of creative investment.

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Economy

NEPSE stabilises

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KATHMANDU- The Nepal Stock Exchange (Nepse) index has stabilised to some extent as compared to the first trading day on Sunday when it suffered a sharp dip.

The NEPSE index increased 0.9 points to close at 1131.73. Likewise, the sensitive index, which measures the performance of group ‘A’ stocks has also risen 0.06 points.

Over 2 million shares of a total of 156 companies were traded at more than Rs 637 million. Of the total 11 subgroups, four made gains, and the rest seven declined.

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Development bank surged 4.7 points, while non-life insurance 92.1 points, life-insurance 13.57 points and others 0.43 points.

But, banking dipped 0.27 points, while trade 1.18 points, hotel 2.04 points, hydropower 2.17 points, finance 1.82 points, production 9.21 points and microfinance 8.31 points.

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