Nepse suspends Global IME, Commerz and Trust Bank Nepal shares trading

Nepse suspends Global IME, Commerz and Trust Bank Nepal shares trading

Nepal Stock Exchange (Nepse) today suspended stock trading of Global IME Bank and Commerz and Trust Bank Nepal as they have yesterday entered into an agreement to merge yesterday. The Nepse after getting the information of the merger between the two commercial banks has suspecded their stock trading, according to the secondary market, where per unit share of Global IME Bank  has been traded at Rs 430 per unit, whereas Commerz and Trust Bank Nepal's stock was traded at around Rs 200 per unit yesterday. Meanwhile, the Nepse index today defied the strike and posted a double digit gain closing at a four year high of 591.22 points from the morning's opening of 580.45 points due to all the seven sub groups gain. The insurance sub group is the highest grosser as it has gained 39.76 points in a day, followed by others sub group – that gained 17.62 points – due to Nepal Telecom's gain.
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