Nepse sheds 37.47 points

Kathmandu, October 28:

Nepal Stock Exchange Ltd (Nepse) index has shed 37.47 points to close this week’s trading at 881.86 points from the last weeks’ closing of 919.33 points.

Earlier last week, Nepse had lost only 14.64 points to finish at 919.33 points.

Though the week witnessed only two-day session this week unlike a regular five-day session, the Nespe lost 36.29 points on Monday, the second day of the trading due to book close of some of the financial institutions.

Some of the financial institutions have already declared their bonus and rights shares and other are in the process pushing the market towards more uncertainty. The week started in the red with a loss of only 1. 18 points to 918.15 points on Sunday and it further dropped by 36.29 points to close the week at 881.86 points on Monday since the remaining days of the week are Tihar holidays.

Shares of 54 companies of the total listed companies saw their transactions on Monday. Last week, Kist Merchant Banking and Finance traded shares worth Rs 522.71 million to become the largest company in terms of volume of transactions and it had been the largest gainer in terms of monetary value also.