Nepse posts 27.63 points growth

Encouraged by the recent political development of the country, the index of Nepal Stock Exchange (Nepse) posted a whopping rise of 27.63 points during last week, as compared to previous week.

The Nepse index rose to 508.58 points on Thursday, the last day of trading under regular lot, up from 480.95 points on Sunday.

Altogether 337,114 units of shares worth Rs 219.80 million were traded through 2,394 transactions during the week as compared to 441,975 units of share worth Rs 219.10 million of the previous week.

The commercial banks group - the heavyweight in the country's secondary market - recorded a growth of over 34 points in its index during the week, touching 584.68 points on the closing day from 550.18 points of the opening day.

Likewise, development banks group gained over six points in its index, reaching its index to 493.21 points up from 486.19 points. Index of finance group went up to 292.73 points from 289.84 points, while the insurance group climbed to 427.79 points from 415.82 points.

Indices of manufacturing group and others group also went up to 317.29 points and 655.71 points respectively, from 315.01 points and 593.17 points during the week.

Indices of trading and hotels groups, however remained static at 149.71 points and 185.45 points respectively. nepalnews.com pb Dec 17 06

Related news
- Nepse scales 500 points