NEPSE Adjusts Share Prices of Global IME Bank and Nepal Lube Oil

The Nepal Stock Exchange (NEPSE) has adjusted the share prices of two companies, Global IME Bank and Nepal Lube Oil, on Friday, (Ashoj 2), following their announced bonus shares. The adjustment was made after the last trading day before the book closure for their upcoming Annual General Meetings and dividend distribution. Both companies will close their books on September 21 (Ashoj 5).

NEPSE adjusted the share price of Global IME Bank for a 4% bonus share and Nepal Lube Oil for a 15% bonus share. After the adjustment, Global IME Bank’s share price has been set at Rs. 250.87, while Nepal Lube Oil’s adjusted price stands at Rs. 241.22 per share.

The adjusted prices were calculated based on the companies’ closing share prices on the previous trading day. Global IME Bank had closed at Rs. 260.90 per share, while Nepal Lube Oil had closed at Rs. 277.40 per share. Trading of both companies’ shares will resume at the adjusted prices in the secondary market on the next trading day.