The local benchmark index fell more than 50 points in the first few minutes of trading but attempted a recovery in the morning. Nonetheless, the Nepal Stock Exchange (Nepse) index failed to reach the opening level and traded in the red throughout the remaining trading hours. A steady downfall saw the index tumble more than 120 points on Sunday to settle at 1,932.11.

KATHMANDU, July 13: After shooting up by over 12 points in the initial trading on Monday, the Nepal Stock Exchange (Nepse) index pared its gains to trade flat at mid-day. Stocks then wavered around the opening level in the latter trading hours as Nepse ended slightly higher. The benchmark added 2.12 points to close at 1,342.40 points.