Nepal Stock Market Closes Higher Ahead of Government Formation; NEPSE Rises Double Digits
Summary
The Nepali stock market closed higher with the NEPSE index rising by 14.21 points to 2950.16, boosted by increased transaction volume ahead of the government formation led by Balen Shah.
Key Points
- The NEPSE index increased by 14.21 points to close at 2950.16 on Thursday.
- A total of 3.04 crore shares of 343 companies were traded with a transaction value of 13.16 billion rupees.
- The market will be closed on Friday for the government formation under Balen Shah and will reopen on Sunday.
- Shares of five companies hit a positive circuit today, with significant increases in hydropower and other sectors.
