Nepse surges by 2. 41 points on Monday
The Nepal Stock Exchange (NEPSE) gained 2. 41 points to close at 2, 616. 97 points on Monday.
Similarly, the sensitive index surged by1. 65 points to close at 451. 05 points.
A total of 12,621,188-unit shares of 329 companies were traded for Rs 1. 49 billion.
Meanwhile, Salapa Bikas Bank Limited (SABBL) was the top gainer today, with its price surging by 9. 99 percent.
Likewise, NIBL Samriddhi Fund -2 (NIBSF2) was the top loser as its price fell by 4. 81 percent.
At the end of the day, total market capitalization stood at Rs 4. 40 trillion.
Gold price increases by Rs 3, 200 per tola on Monday
The price of gold has increased by Rs 3, 200 per tola in the domestic market on Monday.
According to the Federation of Nepal Gold and Silver Dealers’ Association, the precious yellow metal is being traded at Rs 313, 500 per tola today. It was traded at Rs 310, 300 per tola on Sunday.
Similarly, the price of silver has increased by Rs 170 and is being traded at Rs 5, 595 per tola today.
Nepse plunges by 27. 59 points on Sunday
The Nepal Stock Exchange (NEPSE) plunged by 27. 59 points to close at 2, 614. 55 points on Sunday.
Similarly, the sensitive index dropped by 3. 27 points to close at 449. 39 points.
A total of 15,989,430-unit shares of 324 companies were traded for Rs 1. 49 billion.
Meanwhile, Salapa Bikas Bank Limited (SABBL) was the top gainer today with its price surging by 10. 00 percent.
Likewise, Buddha Bhumi Nepal Hydropower Company Limited (BNHC) was the top loser as their price fell by 8. 92 percent.
At the end of the day, the total market capitalization stood at Rs 4. 39 trillion.
IDFC first probes $65m fraud
IDFC First Bank said it is investigating a suspected fraud of $65m involving accounts linked to local government entities. The bank said it has alerted the police and launched an internal probe. The matter was disclosed in a statement to the Bombay Stock Exchange late on Saturday.
According to Reuters, the Mumbai-based lender reported discrepancies of Rs 5.9bn in accounts related to some entities of the Government of Haryana. The issue surfaced when the entities requested closure of their accounts and the claimed balances did not match the bank’s records.
The bank has suspended four employees from its Chandigarh branch pending investigation. It described the case as involving “unauthorized and fraudulent activities”, Reuters reported. IDFC First said it will appoint an independent agency to conduct a detailed inquiry and has filed a police complaint.
The Haryana state government and police have not yet responded publicly. IDFC First Bank, which counts investors such as Warburg Pincus and Abu Dhabi Investment Authority, reported a quarterly profit of $55.46m in its latest earnings.
