Expectations and Impact of ‘Donor Conference’

Published: Thursday - 25th June, 2015
Government of Nepal is all set to host International Conference on Nepal’s Reconstruction (ICNR) on June 25 aiming to get financial assistance from international donors for reconstruction of infrastructures and rehabilitation of people following devastations caused by earthquake of April 25 and its aftershocks.
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Market Summary

2015-07-02 | Thu

Index NEPSE Sen. Index CB DB FIN INS HP M&P HO TRD OTH
Value 938.96 199.78 815.52 770.03 517.33 4160.86 2092.49 1574.78 1852.8 216.74 728.4
Prev 945.78 201.17 822.28 770.42 518.91 4203.9 2121.12 1572.22 1862.78 216.74 731.92
Change -6.82 -1.39 -6.76 -0.39 -1.58 -43.04 -28.63 2.56 -9.98 0 -3.52
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Company Announcements

 

Weekly Wrap Up

Jun

19th

2015

 

Jun

28th

2015

Weekly Wrap Up | Jun-21 to Jun-27

It was relatively quiet week at the stock market last week. With benchmark index gaining 5.78 points...

 
 

Commodity & Currency Watch

Bullion

2015-07-02 | Thu

Gold, Hallmark* Rs 51,100.00
Gold, Tejabi* Rs 50,850.00
Silver* Rs 685.00

Source: FENEGOSIDA

* per 1 tola/11.66 gms

Forex

2015-07-02 | Thu

Currency Buy Sell
Indian Rupees (INR) 160.00 160.15
American Dollar (USD) 101.42 102.02
UK Pound Sterling (GBP) 158.84 159.78
Australian Dollar (AUD) 78.25 78.71
Euro (EUR) 112.97 113.64

Source: Nepal Rastra Bank

Gasolene

2015-04-03 | Fri

Petrol (per liter) Rs 109.00
Diesel (per liter) Rs 86.50
Kerosene (per liter) Rs 86.50
LPG (per cylinder) Rs 1,470.00
Airline Fuel (per liter) Rs 133.00

Source: Nepal Oil Corporation

 

What's Happening

 

T-Bills & Financial Market Rates

TBill Rates

2015-05-12 | Tue

28 Day Rate 0.06%
91 Day Rate 0.39%
182 Day Rate 0.68%
364 Day Rate 0.98%

Source: Nepal Rastra Bank

Inter Bank & Policy Rates

Rates

2015-05-31| Sun

Cash Reserve Ratio 6.00%
Bank Rate 8.00%
SLF Rate 8.00%
Interbank Rate 0.29%
Repo Rate 9.25%
Reverse Repo Rate 0.36%

Source: Nepal Rastra Bank

 

Macroscopic Outlook

Indicators

2015-06-21 | Sun

GDP (at current price) in Bn. Rs 1,724.60
GDP Growth Rate 3.36%
Inflation Rate 7.10%
Per Capita Income Rs 69,919.00
Total Population 26,494,504
Population Below Poverty Line (<$1) 25.16%
Literacy Rate 65.90%
Balance of Payment (in Bn.) Rs 101.15
Import (in Bn.) Rs 628.11
Export (in Bn.) Rs 70.98
Remittance (in Bn.) Rs 489.07
Government Revenue (in Bn.) Rs 312.94
Government Expenditure (in Bn.) Rs 308.35

Source: Nepal Rastra Bank & CBS

 

Budget Highlights

Parameters

2014-07-14 | Mon

Budget Size Rs 618.10
Budget Nature Deficit
Applications of Fund  
Recurrent Expenditure Rs 398.95
Capital Expenditure Rs 116.75
Repayment of Loan Rs 102.39
Sources of Fund  
Internal Fund Rs 72.28
Foreign Grant Rs 73.38
Foreign Loan Rs 49.52

Source: Ministry of Finance

Nepalese Economic Overview

2015-02-10 | Tue

Nepal, with a total area of 147,181 km2 and population of around 27million (according to Central Bureau of Statistics, Nepal), sits between China and India. It is a landlocked nation that heavily depends on import and remittance to keep the country running. The latest report shows that GDP of Nepal stands at Rs 1724.60 while the GDP is expected to grow by 3.36% as per the Government of Nepal (GoN). The current inflation rate in Nepal is around 7.10%.

The GoN has set aside a budget of Rs 618.10 for the FY 2071/72. This year, the government is focusing mainly on agriculture, tourism and energy sectors. Ministry of Finance publishes budget for the new fiscal every year around middle of July. This is due to the fact that in Nepal FY starts in Shrawan and ends Ashad (i.e., mid-July). Along with the budget comes the fiscal policy for that year. Once the fiscal policy is out, Nepal Rastra Bank (NRB) publishes monetary policy for that fiscal year.

Structure of Nepalese Financial Market

NRB is the central bank of Nepal which is the sole body that regulates commercial banks, development banks and finance companies. In addition to taking up the role of regulatory body, it also publishes monetary policy and various economic reports at regular frequency. As per NRB’s website, “it was established in 1956 under the Nepal Rastra Bank Act, 1955 to discharge the central banking responsibilities including guiding the development of the embryonic domestic financial sector. Since inception, there has been a significant growth in both the number and the activities of the domestic financial institutions.”

Structure of Nepalese Capital Market


The securities market in Nepal started in 1985 and it was only in 1994 that the first and only stock exchange of Nepal – Nepal Stock Exchange (NEPSE) - was established. NEPSE was established under the Securities Exchange Act, 1983 and it officially started trading since 1/13/1994. It started the automated screen based trading since 8/24/2007. Of late, it is working toward fully automating the trading system which will allow buyers and sellers from all over Nepal to start trading online. For this purpose, it has already opened Central Depository and Settlement services (CDS) in 2010. The CDS will allow buyers and sellers to buy and sell securities in dematerialized form.

The bourse is regulated by Securities Board of Nepal (SEBON) which was established on 1/7/1993. It has been closely monitoring and regulating the stock market under the Securities Act, 2006. All the listed companies at the NEPSE must submit their audited financial reports to SEBON every quarter and at the end of fiscal year.

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