Global IME share trading resumes, buyers for 4 lakhs units at Rs 446

ShareSansar, April 30:

Global IME Bank Limited share trading resumed from today following its merger with Commerz and Trust Bank Nepal Limited.

According to the market experts, Global IME’s scrip expected to trade at circuit level for the first two to three days.

Global IME’s shares has debuted at Rs 430 as per the last traded price on November 10, and there are buyers for 4 lakh units of the scrip at Rs 446 per unit soon after the market opened.

It was expected to be traded at the circuit level on the very first day.

“The scrip is expected to trade at the third circuit level for three days in a row, and will continue to rise steadily till it is priced close to the share of NIC Asia,” said Narendra Sijapati, president of the Brokers’ Association.

Global IME’s share price will hover around Rs 700 within a few days once it gets listed.

It may also be noted that the shareholders are further encouraged by the first three quarterly reports of Global IME for the current fiscal year.

The merger of the two commercial bank which was endorsed by both the banks’ Annual General Meeting in March makes Global IME one of the leading banks with the largest network of branches and ATMs in the private sector.

Global IME started the integrated business from April 9.