The Nepal Stock Exchange (Nepse) index continued to register a double digit growth for the fourth consecutive week, with large number of investors purchasing shares, according to the weekly trading analysis.
The Nepse opened at 569.45 points on Sunday and closed at an impressive 583.44 points, a new historic high for weekly closing on Thursday, the last day of stock trading.
The weekly Nepse data shows that the weekly turnover decreased this week to Rs 270.2 million with 690,834 unit of shares being traded over the week, against the last week’s figure of RS 281.3 million through the trading of 555,153 shares. Out of the total 88 listed companies for share trading, 63 companies saw their transactions this week.
Stock analysts said that this succession of growth can be attributed to increase in share prices of commercial banks including other leading scrips.