28 July, Kathmandu: Nepal Stock Exchange Exchange (Nepse) barred 16 brokerage firms to perform trading of shares on Sunday due to non-settlement of cash.
The suspension of brokerage firms from trading led to decline in turnover in the bourse on the day.
According to the Nepse, they were barred from trading after they failed to settle transactions within the stipulated timeframe.
A total of 1.3 million units of shares of 144 companies worth Rs 560 million were traded on the day through 3,415 transactions. The turnover of the previous trading stood at Rs 756.8 million, today’s Republica reports.
