Number of Demat account holders reaches over 5 million

KATHMANDU, MARCH 3  : The share market has lately  witnessed an upsurge in the number of general investors. According to the Central Depoitory System (CDS) and Clearing, those opening Demat (Dematerialized) account now number more than 5 million.

Such a large figure can be attributed to the  mandatory provision of such account for trading stocks,  Similarly, the number of those opening Mero Share account stands at 4.1 million.

As of Wednesday, 8.20 billion units of shares have been deposited in Demat accounts registered under the names of different people. With the capital market becoming more tech-friendly,  general public are being increasingly  attracted to invest in it.