NEPSE to Remain Closed Today, Govt Declares Public Holiday on The Occasion of Eid

The Government of Nepal has announced a public holiday for Tuesday (today) i.e. on the 3rd of Ashadh on the occasion of 'Eid'.

Nepal Stock Exchange Limited (NEPSE) will remain closed to mark Eid. Regular trading will resume in NEPSE from Tuesday (4th Ashadh, 2081) at 11:00 AM.

Yesterday, the Nepal Stock Exchange (NEPSE) Index saw a loss of 0.80%, or 17.04 points, settling at 2,095.25 points.

Eid al-Adha, also known as the "Festival of Sacrifice," commemorates Prophet Ibrahim's willingness to sacrifice his son Ishmael as an act of obedience to Allah. According to the Holy Quran, Allah commanded Ibrahim to sacrifice his son in a dream, and Ibrahim, unwavering in his faith, prepared to fulfill this command. Moved by Ibrahim's devotion, Allah provided a lamb to be sacrificed instead. This event is considered a test of Ibrahim's faith, which he steadfastly passed. Since then, Muslims worldwide celebrate Eid al-Adha by sacrificing an animal as a symbol of their devotion to Allah. This day, also called Bakra Eid, is cherished by the Muslim community, who gather joyfully with friends and family to commemorate their faith, loyalty, and obedience to God's will.