•      Sat Nov 23 2024
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Share market response positively, new record in transaction amount



nepse
Nepal Stock Exchange (file photo)

KATHMANDU: The share market looks positive on Sunday, the day after the budget for the coming fiscal year 2021/22. The stock market has increased capital gains tax for short-term share traders. This was expected to have a negative impact on the market.

Other provisions made by the budget and the private sector have also welcomed the budget, which has had a positive impact on the share market. The NEPSE index, which measures share turnover, gained by 12.54 points to 2,827.93 points on Sunday.

Moreover, the share transaction amount has set a record. Earlier, the record was set at Rs 15 billion, but on Sunday, the transaction amount exceeded Rs 17 billion.