NEPSE Index up by 3.62 points to close at 1283.52 points; Market increases as SEBON barred NIBPO holders from investing in NIBL FPO

The benchmark index at Nepal Stock Exchange went up by 3.62 points or 0.28% to close at 1,283.52 points. Today NEPSE index opened at 1279.88 points and went down to 1267.92 during the second trading hour of the day. At one point the market was down by 11.88 points. NEPSE moved in an upward trend after SEBON barred NIBL promoters (NIBPO ) & their immediate families from investing in NIBL FPO. Before this directive was made public NIBPO was being traded at Rs 853/unit (-7). As soon as the news was flashed out, the scrips of NIBPO traded at Rs 889/unit to close at Rs 884/unit. A total 67,570 units of NIBPO worth Rs 5.79 crore was traded today. The total turnover of the day stood above Rs 51.32 crore where more than 21 lakhs unit shares were traded through 2,118 transactions. Sensitive index and the float index went down by 0.69 points and 0.21 points respectively. Except Insurance and Hotels, all the other sector landed in green.