July 27: Securities Board of Nepal (SEBON) has said it will make the share market more competitive in the coming days by effective monitoring and supervision. For this, SEBON has given special attention to improving primary and secondary markets, efficient broker service, effective merchant banking service and increasing the listing of real sector companies in the stock market. Currently, banking sector constitutes 80 percent of the stock market.

SEBON Chair Rewat Bahadur Karki informed that they will take necessary steps in this fiscal year to enhance the reputation of stock market and to make it reliable. Karki recalled the measures taken by the board for the development of the stock market.

Those measures included three basic works like improvement in trading automation, transfer of name and clearing issue.

According to Karki, the stock market that began from semi-automation in 2064 has adopted a modern approach by 2072. He informed that the Nepali stock market ranks fifth among the south Asian nations in terms of modernization.

He further said that Nepal achieved its long-time dream of getting membership of International Organization of Securities Commission (IOSCO) this year.