KATHMANDU, March 13: Nepal Stock Exchange (Nepse) escalated by a whopping 101.07 points on Sunday after the banks agreed to maintain the interest rate stable for the next few weeks.
The secondary market that opened at 2,566.90 points constantly moved in the upward path in the intraday trading to finally close at 2,667.97 points. With a rise in the index, the total turnover amount also increased to Rs 4.87 billion from Rs 2.79 billion last Thursday.
Nepse in weekly correction but selling pressure eases off
In recent days, the market has been reeling under the impact of the soaring interest rate due to the tightening liquidity situation in the banks. The market responded positively on the first day’s trading of the week after a meeting of Nepal Bankers’ Association held on Friday decided to maintain the interest rate fixed at least until mid-April.
In Sunday’s trading, the sensitive index that measures the performance of ‘A’ class companies increased by 16.37 points to close at 509.90 points. While the entire 13 trading groups witnessed a rise in their indices, eight of them gained three-digit points.
Shivam Cement Limited had its shares transaction worth Rs 343.65 million, the largest of all. Asian Life Insurance Company was the topmost gainer while Mega Mutual Fund-1 lost the highest point percent in its market value.
