KATHMANDU: The Nepal Stock Exchange (NEPSE) has crossed the 2200 points mark on Thursday, the final trading day of the week.
After hovering between 1800 and 2200 points for a long time, NEPSE surpassed the 2200 points mark on Thursday.
This surge in NEPSE follows the political shift where the CPN-UML formed a coalition with the Nepali Congress (NC), ending its alliance with the CPN-Maoist Center and resulting in a change in government.
With Prime Minister Pushpa Kamal Dahal ‘Prachanda’ scheduled to seek a vote of confidence tomorrow, and indications that he may not secure the necessary votes, NEPSE rose by 29 points in a single day.
The market has been on a bullish trend following the indication of a coalition change.
On Thursday, the last trading day of the week, NEPSE increased by 29.21 points, reaching 2204.61 points, a rise of 1.24 percent.
The surge in the market also saw a significant rise in the life insurance sector, which jumped by 318.69 points to reach 10727.73 points.
Of the 13 sectors, 12 saw gains, while the microfinance sector declined by 25.91 points, dropping 0.53% to 4947.24 points.
Investor enthusiasm remained high in the non-life insurance sector as well, with the sector rising by 111.90 points to 11142.21 points.
Today, the share prices of 154 companies increased, resulting in trades worth over Rs 7 billion.
On Thursday, transactions amounted to Rs 7.08 billion, with shares of 78 companies declining and 12 companies’ shares remaining stable.
A total of 331 companies’ shares were traded, with 20.23 million shares exchanged in 87,086 transactions.
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