Nepse surges by 33. 27 points on Wednesday
The Nepal Stock Exchange (NEPSE) surged by 33. 27 points to close at 2, 866. 87 points on Wednesday.
Similarly, the sensitive index dropped by 5. 22 points to close at 481. 87 points.
A total of 26,438,521-unit shares of 344 companies were traded for Rs 1. 63 billion.
Meanwhile, Ridge Line Energy Limited (RLEL), Suryakunda Hydro Electric Limited (SKHEL), Hotel Forest Inn Limited (HFIN), Sindhu Bikash Bank Ltd (SINDU) and Palpa Cement Industries Limited (PCIL) were the top gainers today with its price surging by 10. 00 percent.
Similarly, Reliance Spinning Mills Limited (RSML) was the top loser as its price fell by 5. 61 points.
At the end of the day, the total market capitalization stood at Rs 4. 88 trillion.
Gold price increases by Rs 2, 900 per tola on Wednesday
The price of gold has increased by Rs 2, 900 per tola in the domestic market on Wednesday.
According to the Federation of Nepal Gold and Silver Dealers’ Association, the precious yellow metal is being traded at Rs 302, 700 per tola today. It was traded at Rs 299, 800 per tola on Tuesday.
Similarly, the price of silver has increased by Rs 155 and is being traded at Rs 5, 220 per tola today.
Second Economic Survey begins today
The second economic survey is starting across the nation today.
The National Statistics Office (NSO) stated that the enumerators and supervisors have already reached their respective areas for the survey.
The economic survey beginning today will be completed by the third week of June and almost 5,000 personnel have been mobilized for the enumeration.
Likewise, the Finance Ministry has urged all to cooperate in this survey since the data of the country's overall industrial entities and enterprises are being collected.
Basic information on 18 sectors of the economy will be collected during the survey, it is said. This includes details such as the number of industries, enterprises, service providers, cooperatives, and both private and public entities, along with their types, employment, production, and service delivery.
All business entities—large and small, registered and unregistered—will be enumerated, and employment data will be recorded.
The non-governmental organisations, public corporations, as well as government and private schools and hospitals will also be included in the survey.
Offices have been established in all 77 districts and seven additional locations to carry out the job. These facilities will remain operational until mid-July, the officials said.
The NSO has urged everyone to cooperate with the government’s initiative to collect accurate and essential data.
The last such survey was conducted seven years ago, which showed that Nepal had over 923,000 institutions and industrial entities.
90 percent hotels in Pokhara packed on New Year
Over 90 percent of hotels in the Lakeside area of Pokhara have remained packed as people throng the city to celebrate the Nepali New Year.
Hotel Association Pokhara Chair, Laxman Subedi, said that tourists from various parts of the country have arrived in Pokhara on the occasion of the New Year.
Likewise, the Association has organized the Fewa New Year Festival, contributing to the rise in tourist arrivals. This is the 21st edition of the festival, aimed at further promoting the tourism business in the region.
Pokhara, enriched with natural beauty, cultural heritage, and adventure tourism, has been declared the ‘Tourism Capital,’ and efforts are continuously underway to further promote the city.
There are a total of 1,200 hotels in Pokhara, with an accommodation capacity of 40,000 per day, according to Chair Subedi.
