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Nepse crosses 800-pt mark

Author: Rishi Singh Category: Mountain September 9, 2007 Everest, Nepal

Kathmandu, September 9: The bullish Nepal Stock Exchange (Nepse) today climbed to a new high as its index crossed the 800-point mark for the first time in its 14-year long history. The Nepse index tou

Nepse crosses 800-pt mark Kathmandu, September 9: The bullish Nepal Stock Exchange (Nepse) today climbed to a new high as its index crossed the 800-point mark for the first time in its 14-year long history. The Nepse index touched 811.98 points, clocking a double-digit growth of 15.64 points from an opening of 796.34 points. The robust growth is mainly led by soaring share prices of commercial banks. As a result, the banking sub-index gained 22.60 points. Most of the commercial banks earned in the range of Rs 16 to Rs 159 per share today alone. Everest Bank Ltd is the highest earning company, as it gained Rs 159 per share and closed at Rs 2,575 from the opening of Rs 2,416. Nepal Investment Bank followed suit with adding a value of Rs 145 per share. The bank’s trading closed at Rs 2610, which had opened at Rs 2,465 at the beginning of trading. Total market capitalisation of listed shares at Nepse also grew by over Rs 4.30 billion and closed at Rs 223.62 billion from the previous closing of Rs 219.32 billion. Of the 35 companies that had their shares traded at the Nepse floor today, shares of 28 companies gained, while only seven of them lost ground.

Weather Update: Standard Himalayan mountain conditions

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Risk Level: Low

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