The Nepal Stock Exchange (Nepse) index touched five year high, on Wednesday, by reaching 549.96.

The index of the country’s only secondary share market gained 5.82 points on Wednesday to break the five year record.

The surge was propelled largely by the increase witnessed by share prices of commercial banks.

According to Rewat Bahadur Karki, general manager of Nepse, the increase has come towards the end of fiscal year with expectations of announcement of bonus by the companies.