After its biggest fall the previous week, the index of Nepal Stock Exchange (NEPSE) posted a growth of over 27 points over the week, thanks to the recovery in the banking sector.

Share prices of commercial banks improved after the Nepal Rastra Bank (NRB) amended a provision in the recently announced Monetary Policy regarding paid-up capital requirement.

The stock market had crashed following confusions created by the capital adjustment provision for commercial banks, which led the Nepse index to decline by 31 points the previous week.

According to Nepse, a total of 90,008 units of shares worth over Rs 49.7 million were traded through 772 transactions this week as compared to 191,760 shares from 1,246 transactions worth Rs 90.3 million the previous week.

The commercial banks group saw an improvement with its index reaching 440.82 points on Thursday, the last day of transaction under regular lot up from 399.99 points on Sunday.

Likewise, the insurance and the development banks groups also recovered. The insurance group registered a marginal growth, while the development banks group gained 2.09 points during the week reaching their indices to 389.80 points and 290.07 points on the closing day respectively up from 388.65 points 287.98 points.

The other group made a significant gain of about 21 points, reaching its index to 427.85 points, up from 407.03 points on Sunday.