CPN-UML Member of Parliament Kshitiz Thebe has criticized the government for its policy confusion, which has led to a significant drop in the stock market and caused massive losses for investors.
CPN-UML MP Kshitiz Thebe said that investor confidence is getting weak because of policy and regulatory confusion of government. He mentioned that since RSP-led government was formed, investors have lost about 5 kharba rupees of wealth and the Nepse index has gone down by 329 points.
Huge Drop in NEPSE Index and Market Value
MP Thebe pointed out that lakhs of Nepalis have invested their money in the share market, which now has 76 lakh DEMAT accounts. He said that Nepse index was at 2950 points on Chaitra 12, 2082, but it has now shrunk by 329 points to reach 2621 points on Friday.
According to him, the total market capitalization was Rs. 50 kharba 9 arba 38 crore on Chaitra 12. Now, it has decreased by Rs. 5 kharba 4 arba 95 crore and is limited to Rs. 45 kharba 4 arba 43 crore. This means share investors lost Rs. 5 kharba 4 arba in total.
Impact on Government Revenue
He also said that this decline is not only hurting the investors, but it also affect government revenue. MP Thebe strongly demanded that government must clear its policy regarding stock market. He asked how many more days the government will sit with oil in their ears instead of saving the investors from loss.
AI Disclaimer: This article was originally published on https://bajarkochirfar.com. It has been translated with the help of AI. For the best understanding and accurate facts, we recommend reading the original Nepali version.
