NEPSE at 7 Years High; Soared up by 11.23 points to close at 1088.54 levels; turnover above 69.61 crore

ShareSansar, August 13:

Nepal Stock Exchange Limited (NEPSE), the only stock market of the country, surged by 11.23 points to finally close at 1088.52 levels.  Last year on July 21, the benchmark index went as high as a level of 1083.55 and made a low of 837.83 levels on May 27, 2015. In the last few months NEPSE tried several times to breach 1086 levels but all in vain. Today finally with a huge turnover of Rs 69.61 crores, NEPSE happened to breached above mentioned resistance levels of 1083-86 index.

The benchmark index, which went on a freefall after the highest point of 1175.38 levels made on August 31, 2008, had witnessed 298.89 index on March 29, 2012 .

The total turnover of the day is above Rs 69.61 crore. Sensitive and Float index gained 2.91 points and 0.76 points respectively.

Except Hotels, Indices of the all the groups posted gains. The manufacturing and production group went up by 68.65 points, leading the gainers’ list. It was followed by commercial banks, which was up by 15.77  points.

Also Read Expert Opinion: NEPSE index to cross all time high 1175 pt this FY