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Nepse stretch weekly losses as global rout stokes fear
March 14, 2020 10:41 am
KATHMANDU, March 14: The Nepalese bourse remained closed on Sunday and Monday on national holidays with the exchange opening only three out of five trading days. Stocks resumed trading on Tuesday where the benchmark Nepal Stock Exchange (Nepse) index saw massive selling pressure triggering three circuit breakers of 4%, 5% and 6% at different time intervals. In the truncated trading session of just over an hour, the index slid over 86 points. The market overturned its losses recouping over 73 points on Wednesday only to give up most of its gains in the last trading day of the week. Thursday saw a drop of 45.91 points. Overall, the index shed 58.52 points or 4.08 points in the week to end at 1,377.18.
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