Stock market continues upward trend

Bolstered by strong performance of commercial banks this week, the Nepal Stock Exchange (NEPSE) index went up by 3.29 points over the week to finish off at 518.28 points from the earlier 514.99 points.

The NEPSE data shows that the turnover stood at RS 138 million over the week with 278, 539 units of shares being traded. The amount was higher than the trading of RS 85 million during the previous week.

The stock market has been on a upward trend since mid-April and the recent upward surge has been attributed to companies gaining significantly over weekly trading. nepalnews.com ag May 13 07

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