Nepse makes history again; crosses 700 mark

The Nepal Stock Exchange (Nepse) index made another history in its 13-year-long existence after crossing the 700 mark for the first time on Sunday. Trade analysts attributed the rise to a continuous rise in share prices of commercial banks led by Standard Chartered, Nabil and Himalayan Banks.

The Nepse closed at 707.73 points, a growth by 9.50 points from last week's closing, with shares of commercial banks and hydropower companies gaining.

According to the reports, the stock market had cooled down significantly during last week's trading, but it bounced back on Sunday, again proving wrong the analysis that it is an 'unjustified rise' given the country's economic performance and actual financial health of the listed companies nepalnews.com ag Aug 06 07

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