CPN-Maoist thumbs up to elections likely to boost capital market further 

ShareSansar, Aug 23:

Investors are likely react positively to the decision of Mohan Baidya-led CPN-Maoist to take part in the discussions aimed at paving the way for the CA election slated for November.

Until now, the investors, like everyone else, were holding their breath as CPN-Maoist was fiercely opposed to the CA election, threatening to derail the country’s move toward political stability.

But the new found enthusiasm is likely to push the market indices up as businesses and investors would try to make the most of this eagerly awaited decision.

The fact that the share market grew 40% in FY 2069/70, even though the year was rife with skepticisms and uncertainties, leaves no doubt that the local bourse will remain bullish at least for a few months until the CA election in November if discussions among political parties remain positive.