The Rasuwa floods directly damaged seven hydropower companies, but uncertainty surrounding reconstruction, insurance claims, and future earnings has dragged down the broader market and intensified selling pressure across several sectors.
Gold prices jumped by Rs. 3,500 per tola while silver gained Rs. 100 per tola in the Nepali market on Tuesday.
Prime Commercial Bank has listed 3 million units of its 10-year 6.25% Prime Bank Debenture 2093 on NEPSE at a face value of Rs. 1,000 per unit.
President Ram Chandra Paudel inspected Bhote Koshi flood-hit areas in Nuwakot and received updates on rescue, relief and rehabilitation efforts before heading to Rasuwa.
US Secretary of State Marco Rubio expressed condolences over the Bhote Koshi flood deaths and assured RSP Chairman Rabi Lamichhane of continued US support for Nepal’s disaster response.
NIC Asia Capital is set to issue 80 million units of its new closed-ended mutual fund, NIC Asia Equity Opportunity Fund, at a face value of Rs. 10 per unit.
Kathmandu Valley is preparing to expand its night-time public transport network by connecting eight municipalities, with the number of buses proposed to increase from 7 to 28.
Muktinath Capital Limited is set to issue 100 million units of its second mutual fund, Muktinath Mutual Fund-II, worth Rs. 1 billion.
Nepal Rastra Bank is set to collect Rs. 35 billion in deposits for 60 days through an online bidding process to manage excess liquidity and help stabilize market interest rates.
Global IME Capital has announced a 12% cash dividend for investors of Global IME Balanced Fund-1 for FY 2082/83, while Global IME Samunnat Yojana-2 will not distribute any dividend this year.
Muktinath Development Bank has moved forward with plans to acquire Janaki Finance and Sindhu Development Bank after the respective boards approved the proposed acquisition.
Gold and silver prices continued their downward trend in Nepal on Monday, with gold dropping by Rs. 2,400 and silver by Rs. 35 per tola.