KATHMANDU, March 9: The Nepali stock market, which had been volatile due to political instability, surged after the Rastriya Swatantra Party (RSP) secured a majority in the House of Representatives elections. Investors are now optimistic about political stability.
On Monday, the NEPSE triggered its third consecutive positive circuit break, closing trading as the index climbed 6 percent. The NEPSE index rose 162.39 points to 2,875.43, marking the highest level in seven months; it was last at 2,922 on July 31.
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The market had previously struggled due to political uncertainty following the Janajati and Jan Andolan protests on September 8-9. The assured formation of a majority government has now boosted market sentiment.
