Stock market affected by royal carnage

June 17, 2001
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Kathmandu, June 17: Stock trading was severely affected by the June 1 carnage that killed or injured 14 members or the royal family and relatives.

Stocks were traded only for three of the normal five days of the week as two days were observed as national mourning days. Only 13,802 shares worth Rs. 9 million exchanged hands through 293 transactions.

The NEPSE index closed at 331.30 points of the last day of trading registering a 6.75 point fall when trading ended. Nepal Grindlays Bank shares were traded for a record Rs.2.071 million with buyers expecting bonuses at the forthcoming annual general meeting of the bank.