Nepse surges by 5. 82 points on Thursday
The Nepal Stock Exchange (NEPSE) surged by 5. 82 points to close at 2, 782. 18 points on Thursday.
Similarly, the sensitive index dropped by 0. 39 points to close at 473. 23 points.
A total of 21,318,929-unit shares of 328 companies were traded for Rs 1. 59 billion.
Meanwhile, Reliance Spinning Mills Limited (RSML), Ridge Line Energy Limited (RLEL) and Suryakunda Hydro Electric Limited (SKHEL) were the top gainers today with its price surging by 10. 00 percent.
Similarly, Bhugol Energy Development Company Limited (BEDC) was the top loser as its price fell by 3. 06 points.
At the end of the day, the total market capitalization stood at Rs 4. 73 trillion.
Gold price drops by Rs 3, 600 per tola on Thursday
The price of gold has dropped by Rs 3, 600 per tola in the domestic market on Thursday.
According to the Federation of Nepal Gold and Silver Dealers’ Association, the yellow metal is being traded at Rs 294, 000 per tola today. It was traded at Rs 297, 600 per tola on Wednesday.
Similarly, the price of silver has dropped by Rs 165 and is being traded at Rs 4, 780 per tola.
Nepse plunges by 74. 73 points on Wednesday
The Nepal Stock Exchange (NEPSE) plunged by 74. 73 points to close at 2, 776. 36 points on Wednesday.
Similarly, the sensitive index dropped by 11. 21 points to close at 473. 63 points.
A total of 30,292,452-unit shares of 347 companies were traded for Rs 1. 59 billion.
Meanwhile, Reliance Spinning Mills Limited (RSML) and Super Khudi Hydropower Limited (SKHL) were the top gainers today with their price surging by 10. 00 percent.
Likewise, Nepal Reinsurance Company Limited (NRIC) was the top loser as their price fell by 9. 84 percent.
At the end of the day, the total market capitalization stood at Rs 4. 72 trillion.
Workers halt work at Arun III Hydropower Project over delayed pay for six months
Workers at the under- construction Arun III Hydropower Project powerhouse have launched a strike over delayed payments for several months.
It is said 1,500 workers for the 900-MW Project have reportedly not been paid for the past six months.
The workers and petty contractors at Pukhuwa of Chichila Rural Municipality-2 where the powerhouse is based, have been on strike since this morning.
As a result, the entire works on the Project have been affected.
Workers have complained that the construction company ignored their repeated concerns regarding timely payment.
Chief District Officer Sirjana Thapaliya also confirmed the launch of the strike by workers.
Earlier, the workers had approached the District Administration Office with an application, requesting its facilitation in ensuring timely pay.
The project is being developed by the Indian Satluj Company.
Over 3,000 workers from Nepal and India have been employed at the dam site in Phyksida, Makalu Rural Municipality, and at the powerhouse construction site in Pukhuwa.
The project, which has a five-year deadline, is estimated to cost Rs 120 billion.
Under the agreement, the project will provide 30 units of electricity free of cost to each affected family.
Nepal is expected to receive Rs 340 billion in royalties over 25 years, along with free electricity and discounts on income tax, VAT, and customs duties, it is said.
