NEPSE increase by 1.67 pts closing at 704.16; KIST huge transaction

Avoiding the path of correction, Nepal Stock Exchange (NEPSE) today recouped its way up to add 1.67 points in its tally. Though the market faded out in its upward movement in the late hours, it still managed to settle above yesterday’s closing at the end.
The market index today closed at 704.16 levels. In spite of profit booking from investors, the stock index seems reluctant to make corrections. Following a slight correction in the early few minutes, the market propelled its way up to the level of 708 levels.

Kist Bank’s share trading resumes

After a hiatus of nine months, share trading of Kist Bank Limited has resumed from today. This has come as a huge respite to hundreds of share traders who have invested in Kist Bank’s shares.

Trading of the shares of Kist Bank was suspended by the NEPSE after Kist signed a Memorandum of Understanding with Vibor Bikas Bank for the merger of the two BFIs back on March 21, 2013.

NIDC Dev. Bank proposes 133% bonus shares; Araniko Dev. Bank pledges 5% bonus & 10% cash, Zenith Finance 8.5% bonus shares

NIDC Development Bank Limited has proposed a stunning 133 percent bonus shares to the shareholders from the net profit it posted in the last fiscal year.

Likewise, Araniko Development Bank Limited has pledged 15 percent dividend -- 5 percent bonus share and 10 percent cash – the shareholders.

Similarly, Zenith Finance Limited has proposed 8.5 percent bonus share.

Triveni Bikas Bank allotting rights share and refunding non-allottees from today

Triveni Bikas Bank is allotting rights shares at 10:3 ratio to all the shareholders and refunding the money to non-allottees from today.
 The development bank had decided issued 7.45 lakh units of rights shares of Rs 100 face value on December 5.

 ACE Capital Limited at Lal Durbar of Kathmandu is the issue manager.

Global IME Bank AGM in Birgunj on Jan 3 to endorse 15% bonus shares

Global IME Bank, which has entered into a merger process with Commerz and Trust Bank Nepal Limited, is going to hold its Annual General Meeting on January 3.

The AGM scheduled at Hotel Vishwa in Birgunj sub-metropolis is due will formally endorse 15 percent bonus shares to the shareholders from the net profit it earned in the last fiscal year 2069/70.