Kathmandu, Aug 05: The Nepal Stock Exchange (Nepse) index made another history in its 13-year-long existence after crossing the 700 mark for the first time on Sunday. Trade analysts attributed the rise to a continuous rise in share prices of commercial banks led by Standard Chartered, Nabil and Himalayan Banks.
The Nepse closed at 707.73 points, a growth by 9.50 points from last week´s closing, with shares of commercial banks and hydropower companies gaining.
According to the reports, the stock market had cooled down significantly during last week´s trading, but it bounced back on Sunday, again proving wrong the analysis that it is an ´unjustified rise´ given the country´s economic performance and actual financial health of the listed companies nepalnews.com ag Aug 06 07
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