Continuing bullish trend of previous weeks, the index of Nepal Stock Exchange (Nepse), the sole secondary market of the country, set a new record over the week by posting a whopping rise of 29.87 points.
The Nepse index reached to 445.01 points on Thursday, the last day of transaction under regular lot up from 415.14 points of Sunday, due to rising confidence of investors following the latest political development of the country.
The Nepse index rose by 10.8 points the previous week.
According to Nepal Stock Exchange, a total of 2,453 units of shares worth Rs 243.6 million were traded over the week as compared to share transaction worth over Rs 207.8 million of the previous week.
According to Rewat Bahadur Karki, general manager of Nepse, the recent peace agreement between the ruling seven party alliance and Maoists and increasing announcement of dividends by commercial banks are two factors for boosting the stock market.
According to Nepse, all the five leading groups saw growth in their indices over the week.
The index of commercial banks rose by a whopping 44.61 points over the week to end at 517.28 points, up from 472.67 points.
The others group posted a growth of 14.01 points, reaching its index to 466.06 points from 452.05 points. Insurance and development banks group saw rises of 7.13 points and 12.69 points respectively reaching their indices to 397.67 points and 341.86 points up from 390.54 points and 329.7 points.
The indices of finance and manufacturing groups rose by 1.18 points and 1.01 points respectively reaching their indices to 277.27 points and 314.69 points up from 276.09 points and 313.68 points.
However the indices of hotels and trading groups remained static at 179.03 points and 149.71 points respectively.
The commercial banks group continued to dominate the Nepse floor capturing 83.01 percent of the total share trading. Finance group accounted for 7.74 percent share while the insurance group made up 4.17 percent share, followed by the others group with 4.10 percent share of transactions.