NEPSE 35th AGM approves 50% cash dividend; Establishing OTC Market soon

Nepal Stock Exchange Limited (NEPSE) has successfully conducted its 35^th Annual General Meeting (AGM) on Mangsir 30, 2073. The AGM has approved 50% cash dividend to its shareholders from the net profit it earned in the FY 2072/73. In the press statement it stated that the daily transaction of shares has increased by 150.96 percent in FY 2072/73. At present, the transaction has increased to Rs 70.66 crore from Rs 30.28 crore. Also Nepse has highlighted that its market capitalization has surged by 91.03 in the FY 72/73 compared to FY 71/72. Last year, there was a total of 232 listed companies compare to 2072/73, now Nepse has added 15 more public companies for trading.  Currently, 18 companies have been halted for merger/acquisition process and total listed companies have reached to 229 till now. Nepse index reached 961.23 in the fiscal year 2071/72 and it had climbed up to 1718.15 points in the last fiscal year 2072/73. In the span of a year, Index surged by 78.74%. The AGM highlighted on the financial activities of the secondary market in FY 2072/73. The program also highlighted on the regulatory and organizational reformations of the company. Also the program focused on the company’s programs and challenges. NEPSE aims to establish a separate organization to operate Over the Counter (OTC) Market.