•      Sat Nov 2 2024
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Market roars again with 95.46 points gain



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Nepal Stock Exchange (file photo)

KATHMANDU, Dec 22: With a day dominated entirely by the bulls, the NEPSE index has gained 95.46 points and closed at 2,061.41. This is the third-highest close in the history of NEPSE. The NEPSE index is a mere 9.61 points away from creating a new high.

What is interesting to observe is that the market has gained back the points that it lost during the KP Oli-induced panic selling. The index today has closed higher than the highest point on the day when Nepal lost its Parliament.

According to sharesansar.com, 12,717,146 shares traded hands via 55,721 transactions. Trading of 205 scrips brought the total market turnover to a little over Rs. 6.74 Arba. This is slightly higher than yesterday’s turnover of Rs. 6.69 Arba.

While the float index gained 6.64 points and closed at 140.70, the Sensitive index is at 391.74 after gaining 15.18 points.

Share market news:

Nepal Life Insurance Company Limited (NLIC) has proposed a 51% dividend for the fiscal year 2075/76.

The bank’s 311th meeting of the board held on Poush 07 has proposed a 20% cash dividend and 31% bonus shares from the existing paid-up capital. The paid-up capital of the company is Rs. 5.49 arba.

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Ngadi Group Power Limited (NGPL) has called the company’s 7th AGM on 28th Poush, i.e. January 12.

The meeting of the board of directors held on Poush 06 has decided to conduct the AGM in the office of the company registrar in Hanumansthan, Anamnagar, Kathmandu. The AGM will commence at 10 am that day.

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Nepal SBI Bank Limited has announced its 27th AGM going to be held on 28th Poush, 2077.

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Laxmi Bank Limited has announced its 20th AGM going to be held on 28th Poush, 2077.

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Prabhu Insurance Limited is selling its 7,35,000 units promoter share in an auction to the general public from (7th to 21st Poush, 2077).