NEPSE up over 100 points, closes at 2,885 points

KATHMANDU, Jan 30: The Nepal Stock Exchange (NEPSE) index has increased 105.55 points to close at 2,885.53 points on the first trading day.

Similarly, the sensitive index has also increased by 19.81 points to stand at 538.53 points. A consensus among main political parties to organize local-level elections is credited for the rise in the NEPSE index.

Over 12 million shares of the total 231 companies were traded at over Rs 6.32 billion. All 13 subgroups of the NEPSE have risen. Banking gained 64.99 points, trading 146.33, hotel and tourism 141.48, development bank 318.22, hydropower 182.9, finance 152, non-life insurance 431.61, production 197.75 and others 83.22 points.

Similarly, microfinance increased by 173.46 points, life insurance 548.06, mutual fund 0.28 and investment 5.69. Today's market capitalization of the NEPSE was over Rs 4077 billion.