KATHMANDU: Five organizations in the capital market have demanded that securities trading be suspended until political stability is restored.

The organizations sent a letter to the Securities Board of Nepal (SEBON) requesting the temporary closure of the market.

“In view of the current crisis, we are compelled to write this letter in the broader interest of investors and the capital market,” the five organizations stated in the letter.

“Panic selling has created unnecessary selling pressure, increasing the risk of a total collapse of the capital market. This could cause irreparable damage, especially to small and new investors. Therefore, to protect the stability of the capital market and safeguard the interests of millions of investors, temporarily suspending trading appears to be the only rational option,” reads the letter.

The five organizations also urged SEBON to swiftly address the demands raised by investors.

Those making the demand include Dr. Keshav Prasad Shrestha, President of Nepal Stock Market Investors Association; Prashash Rajaure, General Secretary of Nepal Securities Investors Association; Ritu Jung G.C., President of General Investors Association Nepal; Ghanashyam Pandey, President of Nepal Shareholders Association; and Deepak Karki, President of General Investor Association.