Margin loans start flowing to secondary market from stock brokers; one broker provides margin loan on first day of implementation with 21 others to follow soon

Thu, Oct 3, 2019 11:02 AM on Corporate, Latest, Stock Market,
Margin loa...

SEBON, with its initiation and collaboration with other stakeholders of share market, has brought into operation margin loan service from the stock brokers from Aswin 14, 2076. On the first day, only one broker provided margin loan and the process will gain momentum soon as 21 brokers so far have already received nod from the board and several others are in the process of receiving one, as per the media statement.

The board aims that the latest provision in the stock market of Nepal will prove to be another milestone in the field in a market that has been suffering from a long-term bearish mood.