NEPSE Index went up by 9.18 points to close at 1190.16 points; Compulsory Demat strengthens bullish trend

The benchmark index at Nepal Stock Exchange Limited (NEPSE) went up by 9.18 points or 0.78% to close at 1190.16 points. Opening at 1180.97 points this afternoon, the local brouse was seen in an upward trend. The total turnover of the day stood above Rs 57.03 crore where more than 12.22 lakhs unit shares were traded through 6,626 transactions. The market has been in bullish run for few days fueled by the dividends from companies and compulsory dematerialization of share. From Sunday trading of shares will only happen in demat forms. It will increase the NEPSE index due to higher demand and lower supply of shares in demat form. The commercial and development banks were up by 18.86 & 7.85 points respectively. Sensitive index and the float index went up by 1.72 points and 0.83 points respectively. Except Banking Trading, Development banks and finance, all the sectors at Nepse landed in red.