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NEPSE gains 8.18 points

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KATHMANDU, July 12: Amid reports of tax cuts and other incentives to the investors in the coming fiscal year, Nepal Stock Exchange (NEPSE) gained 8.18 points to end at 711.06 points on Sunday. NEPSE, which is also indicator of investors´ confidence, rose 1.16 percent with major trading groups gaining in their sub-indices on the first day of the week´s trading. [break]



During the trading, banking, the key group, rose impressive 14.39 points to reach 750.96 points at the end of the session. Similarly, Finance and Insurance sub-indices also edged up 2.44 points and 4.53 points to touch 684.45 points and 635.66 points respectively. However, Development Bank and Hydropower groups saw their sub-indices nosedive by 0.71 points and 8.21 points to drop at 743.95 points and 910.97 points respectively.



Sensitive index, which represents the Category ´A´ companies, also rose 2.87 points to 190.96 points whereas Float index, an indicator of trading of ordinary shares in the secondary market, rose 0.93 points to 68.4 points at the end of the session. During Sunday´s trading, a total 284,664 shares worth Rs 116.58 million were traded through 554 transactions and total market capitalization -- total worth of shares in the stock market rose to Rs 486.38 billion.



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