NEPSE Index Falls by 16.54 Points Amidst Share Transfer Fee Concerns
Summary
The NEPSE index dropped by 16.54 points to 2,632.96 amidst concerns over a proposed 1% transfer fee on shares exceeding 2.5 million rupees, leading to market uncertainty and decreased trading volume.
Key Points
- The NEPSE index fell by 16.54 points to 2,632.96 on Monday.
- The decrease is linked to a proposed 1 percent transfer fee on share transfers exceeding 2.5 million rupees in the draft Company Act, 2083.
- All 13 subsector indices decreased, with non-life insurance, finance, hotel and tourism, and production and processing down by more than 1 percent.
- Shares worth 7.699 million units were traded, totaling 2.671832 billion rupees, down from 3.94 billion rupees last Friday.
