Kathmandu, Feb. 18 -- Nepal Stock Exchange slid to a three-year low of 1,109.72 points on Sunday in an indication that investors' interest in the share market is progressively fading.

The secondary market was not buoyed by Prime Minister KP Sharma Oli's orders to the Finance Ministry on Saturday to check and ultimately reduce the high lending rates currently offered by banks.

On December 8, 2015, Nepal Stock Exchange (NEPSE) closed at 1,107.23 points. The secondary market lost 304 points last year alone, with a bearish trend ruling the market.

The market is in a free fall as the government has failed to come up with effective policies to boost investors' confidence along with the banks charging high interest rates, according to investo...