The benchmark index, which opened at 496.88 points on Sunday, rose 3.27 points, or 0.66 percent, to close at 500.15 points on Thursday -- the last trading day of the week -- on the back of gains made by Everest Bank, Life Insurance Company and Chilime Hydropower, among others.
Over the week, the banking sub-index rose 0.5 percent to 495.14 points, as demand for shares of Everest Bank, Nepal Investment Bank and Himalayan Bank went up.[break]
Shares of Everest Bank, for instance, closed at Rs 1,555 on Thursday from Sunday´s opening price of Rs 1,546. Nepal Investment Bank also saw its share value climb to Rs 730 by Thursday from Sunday´s Rs 720, while stocks of Himalayan Bank ended the week at Rs 720, up from Sunday´s opening price of Rs 716. Share prices of Nabil Bank and Standard Chartered Bank Nepal, however, remained static at Rs 1,745 and Rs 1,800, respectively, over the week.
Hydropower sector also performed well during the week with share price of Chilime Hydropower gaining Rs 97 over the week to close at Rs 1,151 on Thursday. Butwal Power, meanwhile, gained Rs 3 to Rs 770 over the week and Arun Hydropower added Rs 10 to its share value and ended the week at Rs 280.
Led by these price hikes, hydropower sub-index ended the week at 1036.12 points, up from 1028.39 points on Sunday morning.
The Insurance sub-index also rose 3.95 percent to 907.78 points, as Life Insurance Company added Rs 150 to its share value to end the week at Rs 1,260. Share price of Prime Life Insurance also went up by Rs 15 over the week to Rs 260.
Among others, shares of state-run Nepal Telecom, which has largest weight on the index, made moderate gain of Rs 2 to end the week at Rs 536.
With the rise in benchmark index, stock trading amount also went up by 17.07 percent to Rs 417.33 million, although the market remained open for only four days due to public holiday on Wednesday.
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