KATHMANDU: Following a sharp fall in the stock market and a temporary suspension on Thursday due to a negative circuit, Finance Minister Rameshore Khanal took immediate action by forming a task force to study the capital market and recommend measures to restore investor confidence.

The panel, officially constituted on Friday under the chairmanship of Acting Executive Director Rupesh K.C. of the Securities Board of Nepal, includes Director Sharan Adhikari of Nepal Rastra Bank and Acting Executive Director Niranjan Phuyal of the Nepal Stock Exchange (NEPSE) as members.

The three-member task force has been tasked with examining irregularities and problems that developed in the market and proposing both immediate systemic and procedural reforms to boost investor morale.

After completing their study, the panel will submit concrete recommendations along with an actionable implementation plan within five days.

The NEPSE index had fallen 160 points when the market reopened following the Gen-Z protests, prompting investors to demand policy intervention.