NEPSE sees bullish trend after issuance of monetary policy

KATHMANDU, JULY 25: The Nepal Stock Exchange (NEPSE) index closed all green yesterday, the opening day, of the week that marked the first transactions following the issuance of a new monetary policy. The government had unveiled the monetary policy for the current fiscal year (2022-23) on Friday. The policy has omitted the provision of a lower ceiling in acquiring loans against shares.

Besides, it allows the loan up to Rs 120 million against shares. The NEPSE index has increased 61.05 points to close at 2,078.51 points. Similarly, the sensitive index has also surged 12.09 points to reach 398.33 points. Over 6.4 million shares of the total 219 companies were traded at more than Rs 2.7 billion. Points of all subgroups in the NEPSE have increased.

The banking gained 22.88 points, trading 88.01, hotel and tourism 74.2, development bank 177.32, hydropower 84.5, finance 117.99, production 100.39, others 103.82, microfinance 175.17, life insurance 207.77, mutual fund 0.17 and investment 2.1. The market capitalization after the transactions on the week's first day of trading is equivalent to Rs 2967 billion 986 million 847 thousand 581.

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