Nepal Stock Exchange (Nepse) is preparing to extend the share trading hour.
Currently, the share market sees trading from 11am to 3pm – for 4 hours – from Sunday to Thursday.
However, the Nepse is planning to extend the trading time by one hour to five year. The Securities Board of Nepal (Sebon) has asked – writing a letter – Nepse to extend the share trading time by an hour from 10:30 am to 3:30 pm to make it five hour.
The regulatory body of the capital and commodities market has asked the Nepse to extend half an hour in the beginning and ending, informed the Nepse that has already started preparations. “We have held several rounds of discussions on the issue and will soon finalise procedure,” chief executive officer of Nepse Chandra Singh Saud said, adding that it will take some time to manage the CDS and Clearing software to make it compatible with the Nepse software for settlement of shares.
Nepse can extend the share trading hours only after holding consultations with YCO – the company that developed software for both Nepse and CDS and Clearing – the Nepse informed.
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