Number of stock broker companies reaches 90

KATHMANDU, NOVEMBER 14: The number of stock broker companies authorized to operate in the secondary stock market has reached 90. According to the Nepal Stock Exchange Limited (NEPSE), 82 stock broker companies had been permitted to conduct transactions in the secondary market in the last fiscal year, 2023/24. An additional eight companies have received approval, bringing the total to 90 as of October 16.

NEPSE also stated that the licenses of two companies have been renewed as stock dealers for the current fiscal year: Nagarik Stock Dealer Company Limited and Nabil Stock Dealer Limited.

Of the registered stock broker companies, two have been granted permission for full transactions, while the remaining 88 are authorized for limited transactions. NIMB Stock Markets Limited and Himalayan Securities Limited are the two companies allowed to carry out full transactions.