The index of Nepal Stock Exchange (Nepse) declined by 13.22 points to close at 488.93 points down from 502.15 points over the week due to loss in the indices of majority of the registered groups.

The index declined by 7.53 point in the previous week.

The weekly turnover, however, increased and stood at Rs 250 million with 494,519 unit shares having been traded through 1,798 transactions over the week as compared to a total of 279,357 unit shares worth over Rs 91.62 million through 1,357 transactions of the previous week.

The group wise share trading data shows that all the groups listed at Nepse suffered loss over the week. Among the losers, the commercial banks group, which is the largest scrip by volume, suffered a heavy loss of 17.31 points, with its index falling to 514.89 points from the opening 532.20 points.

Likewise, the manufacturing group’s index plummeted by 15.53 points, as it closed at 329.42 points from the opening of 344.95. Other group also suffered heavily as its index closed at 661.29 points. Earlier the group’s index began its trading at 666.59 points.

The trading group lost by 2.66 points and closed at 146.05 points on Thursday, from the opening of 148.71 points. Similarly, the insurance and finance groups also lost in their respective indices. The insurance group closed at 607.45 points, while the finance group finished off at 428.91 points.

The development banks group suffered another major blow, as its index plunged by 17.17 points to close at 466.54. The hotel group, however, did not have a single trading over the week.

Despite loss, the commercial banks group captured a huge share in the total trading. However, its dominance dropped significantly to 39 percent, while the finance group came second with 38.64 percent. The development banks group grabbed 17.16 percent and the others group had 4.13 percent share in the total trading.