Political uncertainty takes toll on share market
The Nepal Stock Exchange (NEPSE) index has been witnessing a decline since the first trading day (Sunday) of the week due to political uncertainty.
The appointment of Chief Justice Khil Raj Regmi as the head of the interim election government has not helped assuage investors, who still feel that Nepal's political course is still uncertain.
The secondary index lost over 13 points on Sunday and it continued even in the second trading day losing 4.64 points to settle at 530.57 points on Monday.
As per the sub-indices, all the groups posted negative as banking lost 6.07 points, development bank 1.99 points, hydropower 3.04 points, finance 1.06 points, insurance 9.84 points and other 3.53 points. nepalnews.com