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The Nepal Stock Exchange (NEPSE) plunged by 35. 67 points to close at 1,921.24 points on Sunday.

Similarly, the sensitive index dropped by 5. 79 points to close at 367. 57 points.

A total of 5,815,189-unit shares of 289 companies were traded for Rs 1. 80 billion.

Meanwhile, Barahi Hydropower Public Limited was the top gainer today with its price surging by 9. 59 percent. Likewise, Himalayan Laghubitta Bittiya Sanstha Limited and Garima Debenture, 2085 were the top losers as their price fell by 10. 00 percent.

At the end of the day, the total market capitalization stood at Rs 2. 93 trillion

The price of gold has increased by Rs 300 per tola in the domestic market on Sunday.

According to the Federation of Nepal Gold and Silver Dealers’ Association, the precious yellow metal is being traded at Rs 107, 600 per tola today. It was traded at Rs 107, 300 per tola on Friday.

Meanwhile, tejabi gold is being traded at Rs 107, 100 per tola. It was traded at Rs 106, 800 per tola.

Similarly, the price of silver has increased by Rs 20 and is being traded at Rs 1,330 per tola today.  

The Nepal Airlines Corporation is facing several economic crises due to the severe mismanagement, irregularities, and mismanagement. 

In this context, a report prepared by a committee headed by the former governor of Nepal Rastra Bank, Dipendra Bahadur Chhetri, has come up with a slew of recommendations to improve the national flag carrier. 
The long-term debt of the NAC stands at Rs 47bn. Looking at the current situation, it seems that the corporation will not be debt-free; in fact, it is likely to carry more debt. The report states that if  the NAC continues to operate this way, it will not be able to pay its debt.

According to the report released by the Ministry of Culture, Tourism and Civil Aviation, even if new aircraft are added to its fleet, it will take a long time for the NAC to pay off its loans. To free the corporation from debt and make it profitable, the Chhetri-led committee recommends several solutions, such as converting into a corporate company by collaborating with strategic partners and dividing the company into three entities. 

The committee suggests that once the corporation is turned into a company limited, it can allocate shares up to a maximum of 40 percent to strategic partners. The committee recommends that the Ministry of Finance should hold 26 percent of the total shares and the Ministry of Tourism 25 percent. It also advises allocating shares to organizations and employees. 

The committee has further suggested forming a board of directors with seven members, chaired by the secretary of the Ministry of Culture, Tourism and Civil Aviation. The members include representatives from the airlines, Ministry of Finance, strategic partners, and aviation experts.

As for dividing the company, the committee suggests breaking it into three parts: parent (holding) company, international flight subsidiary company, and domestic flight subsidiary company.
The committee states that the parent company should provide aviation-related professional training, maintenance and repair of aircraft and related equipment, ground service operation, catering arrangements, and technical and other services to the subsidiary companies as needed.

By dividing the role and responsibility, the committee reckons that the management and operation of the airlines will be more streamlined and effective.  

The gold is being traded at Rs 107, 300 per tola in the domestic market on Friday.

According to the Federation of Nepal Gold and Silver Dealers’ Association, tejabi gold is being traded at Rs 106, 800 per tola.

Similarly, the silver is being traded at Rs 1,310 per tola today.