KATHMANDU, March 14: Nepal Stock Exchange (Nepse) almost remained stable on Monday with the market index gaining just a marginal value of 0.15 points.
According to stockbrokers, the transaction was largely affected by the technical glitches that appeared in the online trading system on Monday. Due to this reason, Nepse halted the intraday transaction at 12:53 PM.
The market had escalated by 101.07 points on Sunday on the back of the agreement among commercial banks to maintain the fixed interest rate for the next one month. But on the next day, it failed to gain pace after Finance Minister Janardan Sharma, in a meeting with a traders’ association, said that the interest rate is most likely to rise further.
In Monday’s trading, the market opened at 2,667.97 points and closed at 2,668.11 points. The transaction amount stood at Rs 1.34 billion. Life insurers gained the largest points while the trading group was the biggest loser.