Kathmandu. KATHMANDU: Stock Brokers Association of Nepal (SBAN) has urged the investors to carry out business with high morale, saying the future of Nepal’s capital market is stable and bright.

Sagar Dhakal, president of the Brokers Association, urged the investors to trade with high morale in the coming days.

Dhakal said that the NEPSE index has now dropped to the lowest point and the government and other stakeholders have made their best efforts for the improvement and development of the capital market.

“With the formation of the new government, a capital market reform advisory committee has been formed for the reform and development of the capital market and ordered to immediately implement the necessary steps accordingly,” he said, adding that the Nepal Rastra Bank (NRB) has also initiated the necessary reforms as demanded by the investors. It has been pushing the stakeholders to carry out long-term reforms for market reform. “Although the agitation has caused damage to government property and personal property and business of the private sector, there is no alternative to improvement in the stock market as the financial liquidity has been strengthened along with various indicators of the country’s economy, bank interest rate, savings rate and depreciation of foreign currency,” he said.

He also said that although the political instability seen after the agitation of youth groups (Gen-G) on October 7 and 24 had affected the capital market of Nepal, the investors should not be worried as the interim government has been making and implementing short-term, mid-term and long-term policies for the stability of the economy and sustainable development. “The incumbent government has put in its best efforts for the growth and development of the capital market and we have been pressuring the government to carry out reforms accordingly,” he said, adding, “In such a situation, there is no alternative to the investors to protect their assets and trade in shares.” ’