Stock Market rises by double digit; Index increases by 24.62 points with turnover above Rs 1.62 arba

The benchmark index at Nepal Stock Exchange Limited (NEPSE) went up by 24.62 points or 1.49% to close at 1676.22 points. Today, NEPSE Index opened at 1651.79 points and after that it was seen in upward trend. Fierce clash between buyers and sellers in the first trading hour kept the market almost stable, however, increase in buyers after second trading hour drove the market up. 343,507 unit shares of Nabil Equity Fund (NEF) and 275,865 unit shares of Nepal Bank Limited (NBL) were traded the most today. Top gainers list was dominated by microfinance companies. 17 companies hit positive circuit break today. Nepal Bank Limited (NBL) and Gurans Life Insurance Company Limited (GLICL) had the highest turnover of Rs 13.81 crore and Rs 5.52 crore respectively today. The number of transactions of NBL and GLICL reached 734 and 274. The total turnover of the day stood above Rs 1.62 arba where more than 29.69 lakh units shares were traded through 9,621 transactions. Sensitive and float index went up by 5.3 and 2 points respectively. Except others, all sectors at Nepse landed in green zone today. Sub-indices of Insurance and Banking sector surged the most by 201.5 points and 58.24 points respectively.