•      Sat May 11 2024
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New record in the share market, NEPSE index reached 2,820 points



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Nepal Stock Exchange (file photo)

KATHMANDU: The Nepal Stock Exchange (NEPSE) index, which measures share turnover, has set a historical record on Suday, the first day of the week. The NEPSE set a new record by reaching above 2820 at noon on Sunday.

With the dissolution of parliament, it was estimated that the market would decline due to political instability.

Less than 10 minutes after the start of trading on Sunday, the NEPSe index fell by around 50 points. Since then, the index rose by 32.81 points to 2,820.

With the trading of 220 companies, the transaction amount reached Rs 11.69 billion.

The three group indicators traded on NEPSE on Sunday have declined while the rest of the group indicators gained. Hotels and tourism, non-life insurance and microfinance groups have seen declines.

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