2nd July, Monday. Vol-2.

Issue-150 MORNING QUOTE:

Those who desire to give up freedom in order to gain security will not have, nor do they deserve, either one. . - Benjamin Franklin Top Headlines: SC clears way for budget through ordinance. Tells government to downsize it in absence of consensus. (Source: The Himalayan Times) President urges Dahal to lead efforts to strike a deal among parties. (Source: The Kathmandu Post) Dahal, Bhattarai at odds over key political issues. (Source: The Kathmandu Post) National Hydropower Company's 14th and 15th AGM held on Sunday remained inconclusive due to a disagreement regarding validity of the proxies. (Source: The Himalayan Times) Private sector in intense lobbying for timely budget. CNI demands cut in corporate income tax. (Source: The Kathmandu Post) UTL applies for license renewal. Clear outstanding dues first, say the regulator. (Source: The Kathmandu Post) Short supply prompts smuggling of gold. Traders say around 15-20 kg of gold is being smuggled every day depending on the demand in the market. (Source: Republica) Tourist arrivals via air to Nepal in the first half of 2012 have increased 19.8 percent to 294,019 as against the same period last year. (Source: The Kathmandu Post) Export earning from carpet up 40%. US become largest importer. (Source: Republica) International Business: EU oil embargo on Iran comes into effect. (Source: The Kathmandu Post) All eyes on European Central Bank after EU summit agreement. (Source: The Kathmandu Post) Four RBS traders sacked for fixing bank rate. (Source: Republica)

MARKET INFORMATION
As of 17th Ashad, 2069 Index NEPSE Sensitive Float Sen. Float NEPSE Sub-Indices Banking Hotels Dev. Bank Hydropower Finance Insurance Others Current Points Change %Change

374.51 96.09 29.17 26.63

-2.96 -0.87 -0.155 -0.176

Current Points Change

-0.78 % -0.9 % -0.52 % -0.66 %

%Change

344.85 491.09 247.76 620.64 263.69 482.97

-2.26 3.69 0.11 -5.43 -0.39 2.07

-0.65 % 0.76 % 0.04 % -0.87 % -0.15 % 0.43 % -2.08 %

552.22 -11.74

Market Summary
Total Turnover Rs: Total Traded Shares Total Transactions Total Scrips Traded

45,702,286 129,944 1007 74

Total Market Capitalization Rs: 353,711.70 Millions

Floated Market 69,257.60 Millions Capitalization Rs: www.sharesansar.com.np

General News: NMB Bank has announced the launch of NMB Bank Call Center, the first of its kind in Nepal's banking industry. (Source: Republica) Nepal Bank Limited (NBL) has re-opened its branch at Urlabari, Morang. (Source: The Himalayan Times) Machhapuchchhre Bank Limited and Standard Finance Limited have jointly published a notice for receiving a final approval for merger from NRB. (Source: Arthik Abhiyan)

Source: www.negosida.com.np As of 17th Ashad, 2069

Current IPOs:
Company
Lotus Investment Finance Limited

Open Date
28th Jestha, 2069

Close Date
31st Jestha, 2069

Close Date (Max)

25th Ashad, 2069

Issue Manager
Civil Capital market Limited

Current Right Share:

Company
Nava Durga Finance Co Ltd Bageshwari Development Bank Limited Kankai Bikas Bank Limited

Open Date
31st Jestha. 2069 8th Ashad, 2069 8th Ashad, 2069

Close Date
2nd Shrawan, 2069 11th Shrawan, 2069 11th Shrawan, 2069

Ratio
5:1

Issue Manager
Growmore Merchant Banker Ltd NMB Capital Limited Growmore Merchant Banker Ltd

IPO News: Tourism Development Bank (TDB) that has allotted 24,00,000 units of ordinary shares to the general public and staff on Sunday. (Source: The Himalayan Times)

1:2.5

1:1.5

CONVERTIBLE SECURITY:
A "convertible security" is a security - usually a bond or a preferred stock - that can be converted into a different security - typically shares of the company's common stock. In most cases, the holder of the convertible determines whether and when a conversion occurs. In other cases, the company may retain the right to determine when the conversion occurs. Companies generally issue convertible securities to raise money.

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