NEPSE records trade of shares worth 6 billion

Shares worth Rs. 6.5 billion was traded in the share market this week. According to Nepal Stock Exchange (NEPSE), the share market that had increased by 6.81 points in the first day of the week went down in the following days due to unstable politics. It again increased as a result of the unveiling of the new monetary policy, ending at 1,718 points at the weekend. A total of 2.21 million shares of 145 companies in the hydropower and insurance group were traded on Sunday alone, leading to transaction worth Rs. 1.4 billion. Meanwhile, against the existing practice of transaction being held for three hours from Sunday to Thursday, transaction will now be held for four hours from coming Sunday. The time for trade has been increased to be effective from the new fiscal year as per Share Transaction Regulations, 2055 BS, according to NEPSE. Source: Republica