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The Nepal Stock Exchange (NEPSE) gained 25.93 points to close at 2,006.28 points on Tuesday.

Similarly, the sensitive index surged by 5.58 points to close at 357. 54 points.

A total of 11,838,150-unit shares of 320 companies were traded for Rs 4. 80 billion.

Meanwhile, Corporate Development Bank Limited (CORBL) was the top gainer today, with its price surging by 10. 00 percent.

Likewise, Pokhara Finance Ltd. (PFL) was the top loser as its price fell by 7.18 percent.

At the end of the day, total market capitalization stood at Rs 3. 18 trillion.

The gold is being traded at Rs 137, 200 per tola in the domestic market on Tuesday.

According to the Federation of Nepal Gold and Silver Dealers’ Association, tejabi gold is being traded at Rs 136, 550 per tola.

Similarly, the silver is being traded at Rs 1,650 per tola today.  

The Third Investment Summit concluded in Kathmandu on Monday, approving investments for various projects. The two-day event resulted in the Department of Industry approving investments totaling Rs 9.13bn across four projects.

The breakdown of these investments includes Rs 6bn for establishing an investment company in Bhaktapur, Rs 3bn for a business complex in Kathmandu, Rs 76.6m for a 200 KW hydropower project in Kailali, and Rs 62.5m for hotels and restaurants in the Lalitpur district. This information was provided by Shankar Singh Dhami, Director of the Foreign Investment and Technology Transfer Unit at the Department of Industry.

Additionally, the department has implemented a new system for approving foreign investments through an automatic route. This system allows foreign investors to apply for establishing a new company with 100 percent ownership, a joint venture, or capital investment in an existing company via an automated process. Investors can apply starting today and receive a foreign investment approval letter immediately upon application. Notably, no minimum investment limit has been set for foreign investment through the automatic route for information technology-based industries. This streamlined process is expected to save investors time and money when investing in Nepal.

The Federation of Nepalese Industries and Commerce (FNIC) and the Indian Industries Association (IIA) also signed a Memorandum of Understanding (MoU) to promote bilateral cooperation. The MoU was signed by FNIC President Khimlal Bhandari and IIA Chairperson Anuj Kumar Garg. According to FNIC General Secretary Khim Narayan Parajuli, the agreement aims to encourage cooperation and shared interests in investment, trade, and industrial development. This collaboration between private sector organizations from both countries is expected to facilitate trade.

On the same day, FNIC signed another MoU with China’s Dongguan Jinyang Lighting Co, Ltd. to establish cooperation for investment facilitation in Nepal. Additionally, Australian investment has been secured to open a luxury resort near Rara Lake in Mugu. The agreement was reached with the Expert Group of Australia, with Badri Aryal and Sanjeev Sharma signing on behalf of the Expert Group and Abhisek Bikram Shah representing Rara Holdings Resort Pvt. Ltd. The resort, to be constructed on 80 ropanis (approximately 10 acres) in Murmatop of Chhayanath Rara Municipality-9, will have an initial investment of about Rs 700m in the first phase and around Rs 400m in the second phase, according to Shah.

Finance Minister Barshaman Pun stated that the Third Investment Summit was a grand success, attributing the achievement to the strong participation of development partners and the interest shown by investors in the presented projects.

In a sideline meeting held earlier today with representatives from the World Bank, the Asian Development Bank, the International Monetary Fund, the United Nations Development Programme (UNDP), and various ambassadors, Minister Pun noted that the event's success reflected Nepal's potential as a key destination for global investment. He highlighted that the enthusiasm and support of these development partners underscored Nepal’s growing appeal to the international investment community.

“The significant presence at this Summit confirms that Nepal is among the most promising emerging destinations for investment,” said Minister Pun. He further expressed his government’s commitment to strengthening ties with development partners in the coming days, aiming to foster an environment that encourages investment.

He emphasized that the participation of major political figures, including opposition leaders, during the Summit signaled a unified effort to create a favorable atmosphere for investment in Nepal. This cross-party cooperation contributes to the stability and predictability that investors seek.

Minister Pun thanked the development partners for their remarkable presence and support, indicating that such involvement played a key role in the Summit’s success. He also noted that the Summit’s projects had garnered significant attention, showing investors’ genuine interest in the investment opportunities in Nepal.

Overall, the Minister expressed satisfaction with the Summit’s outcomes and reiterated his commitment to building stronger partnerships with development partners, ensuring that Nepal continues to be an attractive and conducive location for investment.

Finance Minister Barshaman Pun has said the Third Nepal Investment Summit-2024 has been a grand success.

The minister said this in his address to a sideline meeting with representatives from the World Bank, Asian Development Bank, International Monetary Fund, the United Nations Development Program (UNDP) and ambassadors of various countries to Nepal held earlier today under the Summit.

He said the government has been encouraged by the enthusiastic participation of development partners in the meeting and such participation made the Summit a grand success.  "The presence in the meeting is a testament to suggest that Nepal is one of the suitable and emerging destinations in the world for investment."

Pledging to further strengthen the cooperation with the development partners in the days ahead, he said the event sent a message to the world that Nepal is united in terms of efforts to build an atmosphere conducive to investment.

He said that the political presence, remarks, and commitments including from the major opposition leaders contributed to establishing the fact that Nepal presents ample investment opportunities. He thanked the development partners for their remarkable presence and commitments expressed during the Summit, contributing to making it successful.

He also expressed his happiness over the good attraction of development partners and investors towards the projects presented during the Summit.

He took time to say that the amendment of nine laws through an ordinance on the eve of the Summit to build an investment-friendly atmosphere has enhanced the level of confidence among investors. According to him, the process of Sovereign Credit Rating, one of the concerns of development partners, has been initiated.

The minister states that there are abundant opportunities for Nepal's energy, tourism, information technology, agriculture, and infrastructure sectors.

As Nepal is progressing towards graduation to a middle-income developing country from the category of the least developed country and in this context, other capacity enhancements are the priorities of the government.

He said that Nepal situated in between two emerging nations: China and India suggest a great opportunity for domestic and foreign investment.

Minister Pun further said that Nepal's biological diversities and the abundant availability of natural resources make it a suitable zone for investment.  He pledged further policy and legal reforms and procedural simplification for investment in the days to come.

The finance minister utilized the forum to say that social justice, good governance, and prosperity are the priorities of the CPN (Maoist Centre)-led government, and the budget for an upcoming fiscal year will address these matters with much priority.