Selling pressure led market nosedive by 36.27 points to close at 1730.64 points; turnover of Rs 1.05 arba

On the first trading day of the week, the benchmark index at Nepal Stock Exchange Limited (NEPSE) went down by 36.27 points or 2.05% to close at 1730.64 points. Nepse Index opened at 1766.67 points and was seen on downward trend. 114,461 unit shares of Agricultural Development Bank Limited (ADBL) and 71,250 unit share of Shree Ram Sugar Mills Limited (SRS) and  67,879 Nepal Bangladesh Bank Limited (NBB) were traded more today Despite of market downfall, the price and transaction of Everest Bank Limited (EBL) shares have soared. The shares of the bank have increased by 90 points with turnover of Rs 11.68 crore. The total turnover of the day stood above Rs 1.05 arba, where more than 11.53 lakh units’ shares were traded through 5713 transactions. Sensitive and float index went down by 7.79 and 2.8 points respectively. All the sectors at Nepse landed on red. Insurance sector declined by 247.71 points.