Weekly wrap up: December 27- 31, NEPSE gains 14.35 points, Insurance sectors rises while Bank & Dev. Bank plunges by double digit

NEPSE Index climbed up by 14.35 points this week to close at 1151.38 points compared to last week closing of 1137.03 points.

The benchmark index managed to remain above 1130 points throughout this week.

On the first trading day of the week, the benchmark index at Nepal Stock Exchange went down by 1.56 points to close at 1135.47points, on Monday it went down by 3.52 points to close at 1131.95 whereas on Tuesday the benchmark index surged by 10.22 points to close at 1142.17 points and on Thursday it further surged by 9.21 points to close at 1151.38 points. Wednesday was a public holiday, so trading took place on that day.

Insurance sector gained 167.67 points and closed at 5318.30 points this week. Banking sector and Development Banks plunged by 90.98 points and 63.74 points respectively. Banking sectors closed at 1,046.05 points, whereas Development Banks sector closed at 1,083.87 points.

Hydropower sector lost 9.05 points to close at 1,922.53 points.

Sensitive Index and Float Index gained 2.58 points and 1.02 points respectively.