NEPSE Able To Close Above 2100 Levels; Surges by 97.17 Points Post-Monetary Policy Review

The Nepal Stock Exchange (NEPSE) Index saw a gain of 1.14% or 23.94 points, settling at 2,115.94 points at the close of trading today, following a gain of 27.54 points in the previous session.

Following the monetary policy review concluded on Friday for the third quarter of the fiscal year 2080/81, the NEPSE index has experienced a significant increase, gaining approximately 97.17 points. The index rose from 2,018.76 to 2,115.94 over the span of three days. This upward trend was most pronounced in the Banking, Development Bank, and Life Insurance sectors.

Today the index opened at 2,095.57 and then made the intraday low at 2,081.07. In contrast, it went as high as 2,118.34 and ultimately closed at 2,115.94.

With a bustling trading environment, 317 stocks were exchanged in 73,667 transactions. The volume of shares traded amounted to 13,241,217 with a total turnover of Rs. 5.20 Arba. Market capitalization stood at Rs. 33.55 Kharba, with a float market capitalization of Rs. 11.43 Kharba.

Pokhara Finance Limited (PFL) emerged as the day's highlight with a turnover of Rs. 24.64 Crore, closing at a market price of Rs. 711.00.

Similarly, Three Companies hit a positive circuit for today.

Conversely, Shine Resunga Development Bank Ltd. (SHINE) faced a decline, losing 4.28% to close at Rs. 400.10.

In terms of sector indices, two sector indices closed in red today. The "Finance Index" saw the highest gain of 3.55%, while the "Trading Index" saw the highest decline of 0.53%.