Kathmandu. The stock market rose on Friday in the last trading session before the Dashain holidays. The NEPSE index rose by 8.23 points to close at 2,634.17.
On the rise of the market, 8 groups of the NEPSE sub-group increased while 5 decreased. Today, the mutual fund group increased by 0.76 percent, while the banking group increased by 0.72 percent. The trading group fell the most by 0.54 percent on the day.
The share prices of 174 companies rose in the market today, while 91 companies declined. Shares of 12 companies remained stable on the day.
On this day, the shareholders of Chirakhwa Hydropower have earned the most in the market. The share price of this company has increased by 14.82 percent.
Similarly, the shareholders of Himalayan Everest Insurance suffered the most today. The company’s share price fell by 4.98 percent.
The market has been traded worth Rs 4.87 billion today. Ghalemdi Hydropower has been traded the most.
According to market experts, traders have been hit hard by the heavy losses caused by the floods of Bhotekoshi and Budhi Gandaki this year. On top of that, the market has been affected due to the time to pay the bank’s principal and interest in September. They argue that there will be a positive wave in the stock market after Dashain as the impact of mid-October is over and the NRB has extended the deadline to pay the principal and interest to the residents of the flood-affected areas.
Market experts argue that the market will improve before the festival. They argue that the market will remain positive as the government and regulatory bodies are working to improve the stock market.
