KATHMANDU, SEPTEMBER 16

The Nepal Stock Exchange (Nepse) index snapped six weekon-week losses to rise 74.61 points or 3.86 per cent in the trading week between September 10 and 13 to resurface above the 2,000-point threshold.

The sensitive index, which measures the performance of class 'A' stocks, increased 4.10 per cent to 386.81 points in the review period. Meanwhile, the float index that gauges performances of shares actually traded rose by 4.02 per cent or 5.38 points to rest at 139.35 points in the review week.

Altogether 18.11 million shares were traded during the review week through 133,210 transactions that amounted to over Rs 5.22 billion. The weekly turnoverrose by over 23.32 per cent compared to the previous week when 13.73 million shares had changed hands through 126,940 transactions that totalled Rs 4.23 billion.

Meanwhile, the average daily turnover in the past week was over Rs 1.05 billion and it rose to Rs 1.30 billion this week.

The benchmark index had opened at 1,932.45 points on Sunday and it increased by 10.23 points by the time of closing to 1,942.68 points. The market gained 44.31 points to settle at 1,986.99 points on Monday, before decreasing by 19.42 points to close at 1,967.57 points on Tuesday.

On Wednesday, the market gained 39.49 points to settle at 2,007.06 points for the week. The market remained closed on Thursday due to public holiday.

All of the subgroups landed in the green this week.

Trading led the pack of gainers, advancing by 6.65 per cent to 3,094.34 points, followed by finance, up by 5.97 per cent to 1,730.69 points; hotels and tourism rose by 5.64 per cent to 5,642.27 points; hydropower by 4.91 per cent to 2,038.39 points; life insurance increased by 4.82 per cent to 11,025.61 points; non-life insurance rose by 4.67 per cent to 10,716.43 points.

Similarly, development banks was up 4.43 per cent to 3,807.06 points; others gained 3.83 per cent to 1,465.93 points; manufacturing and processing by 3.35 per cent to 5,223.82 points; banking by 3.20 per cent to 1,276.85 points; microfinance by 3.03 per cent to 3,623.52 points; investment went up by 2.71 per cent to 70.01 points and mutual funds by 0.76 per cent to 18.59 points.

A version of this article appears in the print on September 17, 2023, of The Himalayan Times.