Decline in volume of Global IME; expected to increase after transfer of BT shares in demat

ShareSansar April 21:

The shares of Global IME Bank Limited are being traded in demat form from Baishak 6 which has affected in the volume of the bank which in turn has affected the volume of the market. The volume of Global IME Bank Limited on April 16 was 24,294 units which declined to 1,152 units on April 19 and on April 20 it has reached 6,227 units. Today the total number of shares traded is1757 units.  The volume is expected to increase after all shares in BT form is transferred into demat form.  

It is believed that online trading, facilitated by CDSC, would free the traders and individual investors from the hassles and risks associated with physical shares.

The last traded price of Global IME Bank is Rs 445.

Also from Bishak 6 the shares of Shikhar Insurance, Unilever Nepal, Himalayan General Insurance, Mahalaxmi Finance Limited, Everest Finance Company, Taragaoun Regency Hotels stopped taking place in the BT form as the shares of these companies can only be traded in the dmat form.

Of the total listed companies so far, only 88 have registered for dematerialization while 47 are in the pipeline for admission of their securities.