Gold price up by Rs.1‚300 per tola

Price of gold has increased by Rs. 1,300 per tola on Wednesday and reached Rs. 53,900.
According to Nepal Gold and Silver Dealers' Association (NEGOSIDA), the gold price was Rs. 52,600 per tola on Tuesday.
The gold price was increased due to impact of international market, said NEGOSIDA. Gold was traded at Rs. 52,300 in Nepali market on Friday and it was stable until Monday. It was slightly up by Rs. 300 per tola on Tuesday.

Reliable Finance to give Loan against shares fueled by strong liquidity

Reliable Finance has announced to provide loans against shares. The finance company has declared that it will furnish loans up to 70 percent of the share value within three days of pledging the shares.

Other banks and finance institutions are likely to follow the move, given the high liquidity in the market fueled by soaring bank deposits in the past few weeks. It heralds a good sign for the secondary market investors as they will have easy access to funds for further investment.
src : sharesansar

NCC Bank posts 108% growth in profit

NCC Bank has reported a staggering growth in profit for the FY 2069/70.

In an unaudited financial report published on July 31, the bank posted 108.81% growth as it earned Rs 37.08 crore in net profit compared to Rs 17.76 crore in the last fiscal.

Arun Valley’s profit Rs 5.74 crore, a 16.07 % growth from last year

Arun Valley Hydropower Development Company made a profit of Rs 5.74 crore in the FY 2069/70, a 16.07 % growth from last year. The hydel’s profits last year had stood at Rs 4.95 crore.

At Rs 7.17 crore, the hydropower company’s operating profit increased by a meager 2.93%.

NLG Insurance Company issued 20% bonus share notice

NLG Insurance Company Ltd. has issued notice regarding the distribution of 20 percent bonus share certificate from 4 August, 2013 (20 Shrawan. 2070).


Official Announcement :