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| Kathmandu, Monday March 31, 2003 Chaitra 17, 2059. |
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Economy, Finance and Market
By Supa Upadhyay
Domestic money
market: The Average Weighted Discount Rate (AWDR) of 91-day Treasury Bills (TBs)
lost by 02 basis points to 4.12 percent compared to previous week. The rupee was traded
higher at NPR 98.99 and lower at NPR 98.96 for 91-day. The NRB had received 40 bids worth
NPR 2830 million against the ratified amount NPR 1100 million for 91-day. The Repo rates
for member banks and institutions have been quoted at 4.6273 for the trading days 25 to 31
March 2003 for 91-day TBs. The out-right purchase facility for bank, institutions and
other on TBs is also available. In the regular weekly auction, the NRB going to issue
91-day TBs worth NPR 789.345 million and 364-day TBs worth NPR 550 million on April 01,
2003.
Domestic
capital market: The NEPSE Index-100 lost by 4.94 points over the week. The Index
opened lower at 217.20 lost in all trading days and eventually closed lower at 212.36 for
the week. This week trading was estimated at 65990 shares valued NPR 1.81 million compared
to 40520 shares valued NPR 9.23 million of previous week. Commercial banks and Finance
companies shared 49.65 percent and 16.23 percent respectively of total traded amount. This
week, index of Hotel Sector and Insurance Sector improved while Commercial Sector,
Production Sector, Business Sector, Finance Sector and Development Bank Sector lost. Other
sector remained unchanged. Out of fifty-one traded companies, twelve companies improved,
twenty companies lost and nineteen traded companies remain unchanged at their previous
prices. Salt Trading Ltd., Shree Investment Finance, and Bank of Kathmandu registered the
first, the second and the third most traded companies trading 15136, 5460 and 4828 shares
respectively. Shares of Standard Chartered, Himalayan Bank, Nepal B’desh Bank,
Everest Bank, Bank of Kathmandu, NIC Bank, Oriental Hotel, Nepal Life Insurance, Union
Finance, Nepal Housing Finance, Gorkha Finance, Nepal Merchant Finance, United Finance,
International Leasing Finance, Shree Investment Finance and Development Credit Bank, were
able to trade in all five working days.
Likewise Nepal SBI
Bank, Siddhartha Finance, Taragaon Regency Hotel, Allians Insurance and Develpment Bank
were able to trade in four working days.
Forex round-up:
Since the war news is not looking any more clear the dollar witnessed a mixed
form amid this trading. The euro rose to 1.0717 dollar while sterling slipped to 1.5615
from 1.5621. The INR closed higher against the USD hitting a new 18-month closing peak,
helped by a surge in trade remittances. The NPR also gained by 25 paisa on the
dollar’s fall in overseas markets amid fears of prolonged Iraq wars.
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