Royal Acharya
May 28, 2021
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As Covid-19 has limited investment opportunities in Nepal, a lot of people have resorted to investing in stocks. Even though there were initial fears that the market might crumble due to the lockdown, the exact opposite has happened. When the government reopened the stock market in May 2020, the Nepse index stood at 1,200. On Monday (May 23) the index reached as high as 2,823, the highest it has ever reached as there were trades in excess of Rs 13 billion. That record was soon broken as on Thursday (May 27), Nepse closed at 2,815 while turning over Rs 14.7 billion.
While various other industries continue to suffer due to the pandemic, the stock market seems to have thrived. But, why?