Impact of Parliament Dissolution on Stock Market : The Second Biggest Fall in History
Kathmandu, December 20 : On Sunday, the share market fell at large for the second time in history. The share market plunged for the second time in history after Prime Minister KP Sharma Oli presented a proposal to dissolve parliament. The stock market closed at 1935.63 points on Sunday, down by 96.88 points.
Earlier, three weeks ago, the market had declined by 123 points after the Nepal Rastriya Bank adopted a policy of tightening the share pledge loan.
With the dissolution of Parliament by Prime Minister KP Sharma Oli, it has had a direct impact on the share market. This is the second biggest fall in the stock market history.
The transaction amount, which was declining for some time, has skyrocketed on Sunday. On Sunday, 14 million shares of 198 companies were bought and sold for NRs 9.5 billion. Shares of only seven companies rose on Sunday, while all others fell.
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