Three different organizations of share investors have brought the stock exchange activities to a halt after they began phase-wise protests putting forward their 22-point demand. [break]The stock trade activities also came to the halt as investors have not allowed stock brokers for trading.
Investors resorted to the strike saying that government policies have discouraged stock market and repeated talks with the government and regulating bodies failed to yield any results.
The NEPSE has borne a deserted look after the halt in exchange activities. The NEPSE is without any work and is performing only the pending works, according to assistant spokesperson for NEPSE Murahari Parajuli.
He said the investors’ demands related to NEPSE have already been met while talks are on with Finance Ministry to address other demands related to other bodies.
Chairman of Stockbrokers’ Association Nanda Kishor Mundada said the investors were forced to go for a strike due to the negligence of the government to their demands.
Stock analyst Rabindra Bhattarai said the Securities Board of Nepal should take the demands of the investors to the authorities concerned. He said the board is responsible for the strike as it has not even met and it acted irresponsibly on the share market.
There is an investment of Rs 3.75 billion in Nepal’s stock market. SBN chairman Dr Surbir Poudel said there is nothing the board can do as the investors have presented their demands directly to the Finance Ministry.
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