Kathmandu, May 24 (IANS) The Nepal Stock Exchange (Nepse) resumed its operations on Sunday almost a month after the April 25 earthquake that wrought severe devastation in the Himalayan country.
The market re-started transactions after relocating from some buildings which were badly damaged by the 7.9-magnitude quake last month. Nepse has been operating its system from its head office while the server is located inside the home ministry.
Though the share market witnessed a huge loss, Nepse believed the market could rise in the coming days.
“We could not operate for 19 working days. However, in the coming weeks, we are hopeful that the scenario will be revived,” Sitaram Thapaliya, general manager of Nepse, told Xinhua news agency.
Trading has also started in major four cities — Biratnagar, Pokhara, Dharan and Narayanghat — from Sunday.
The Stock exchange had closed on April 23 at 938.19 points.