NEPSE gains 23.61 points in holiday-shortened week as hydropower stocks dominate
Summary
The Nepal Stock Exchange rose 23.61 points amid a holiday-shortened week with hydropower stocks leading gains. The government increased capital gains tax rates and introduced further market reforms in the budget.
Key Points
- Nepal Stock Exchange (NEPSE) index rose 23.61 points, closing at 2,782.10 despite a shortened trading week.
- Capital gains tax rates increased to 10% for short-term and 7.5% for long-term holdings, now treated as final tax.
- Hydropower stocks dominated trading, with Kalinchowk Hydropower gaining 25.60% and Ankhu Khola Jalvidhyut most actively traded.
- Budget includes reforms to modernize capital market, attract foreign investment, and introduce advanced trading instruments.
