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Nepal Stock Exchange resumes operation following one-month halt

Xinhua, May 24, 2015 Adjust font size:

The Nepal Stock Exchange (Nepse) has resumed its operation on Sunday almost a month after the April 25 earthquake.

The market re-started transactions after relocating some buildings which were badly damaged by the 7.9-magnitude quake. 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," General Manager of Nepse Sitaram Thapaliya told Xinhua.

Trading has started also in major four cities - Biratnagar, Pokhara, Dharan and Narayanghat from Sunday.

Stock exchange was closed on April 23 at 938.19 points. Endi