Nepse gains 8.26 points

KATHMANDU, May 18: After posting a nominal loss the previous day, Nepal Stock Exchange (Nepse) index gained by 1.88 percent or 8.26 points to close at 448.6 points on Tuesday, the third day of week´s trading.



Stock analysts said persisting political uncertainty in the country was behind the ongoing upheaval in the stock market. [break]



Sensitive index, which measures the transaction of Category ´A´ companies listed in Nepse, rose by 1.78 percent or 1.93 points to settle at 110.34 points. In the same note, sub-indices of Banking and Hotel groups went up by 10.64 points and 2.61 points to close at 417.83 points and 368.07 points respectively.



Also gaining points on the day were sub-indices of Development Bank, Insurance and Others groups, which grew by 4.71 points, 0.36 points and 10.57 points to close at 446.9 points, 552.14 points and 539.3 points respectively.



However, the sub-indices of Hydropower, Finance and Manufacturing groups went down by 3.41 points, 0.95 points and 4.36 points to close at 665.01 points, 419.3 points and 428.65 points respectively.



A total of 76,189 units of shares and 74 scrips worth Rs 34.94 million changed hands through 691 transactions on the day. Total market capitalization - total worth of listed shares -- was recorded at Rs 348.93 billion.

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