Political sentiment push Nepse ; Turnover above Rs 500 Million

Kathmandu, June-9 After the major political parties agreement on16 major points in formation of constitution late night on Monday the Nepal stock exchange index rose by 21.1 points on Tuesday to close at 966.59.

With increase in 3% in the first hour of trading, the stock exchange was halted for 15 minutes as a result of the circuit break. During the first 15 minutes NEPSE rose by 27 points and reached 970.  The market closed at 1:12pm to reopen at 1:27 pm this afternoon.

All the sub-indices surged up with maximum increase of 68.31 points on hydropower, 37.59 points on insurance, 29.16 points on hotels and 25.69 points on banking sector.

Share Price of Purnima Bikas Bank. Ltd, NCM and RHPC surged by more than 8 percent.NIL,NLG and YETI are among the top losers.

Altogether 1,196,151 unit shares of 138 scrips were traded through 3,294 transactions worth Rs 531.03 million.