Nepse plunges by 2. 35 points on Sunday
The Nepal Stock Exchange (NEPSE) plunged by 2. 35 points to close at 2,023.35 points on Sunday.
The sensitive index, however, surged by 0. 91 points to close at 358. 20 points.
A total of 7,795,033-unit shares of 320 companies were traded for Rs 3. 06 billion.
Meanwhile, Shrijanshil Laghubitta Bittiya Sanstha Limited (SHLB)was the top gainer today with its price surging by 10. 00 percent. Likewise, Gurans Laghubitta Bittiya Sanstha Limited (GLBSL) was the top loser as its price fell by 10. 00 percent.
At the end of the day, the total market capitalization stood at Rs 3. 20 trillion.
Gold price drops by Rs 2, 200 per tola on Sunday
The price of gold has dropped by Rs 2, 200 per tola in the domestic market on Sunday.
According to the Federation of Nepal Gold and Silver Dealers’ Association, the yellow metal is being traded at Rs 136, 800 per tola today. It was traded at Rs 139, 000 per tola on Friday.
Similarly, tejabi gold is being traded at Rs 136, 150 per tola. It was traded at Rs 138, 350 per tola.
Meanwhile, the price of silver has dropped by Rs 50 and is being traded at Rs 1,700 per tola today.
Sajha Yatayat extends services with added 40 electric buses
Sajha Yatayat has expanded its transportation services in Kathmandu Valley by introducing 40 electric buses and establishing 24 charging stations.
Following the government investment of Rs 3bn, allocated during the tenure of former Prime Minister KP Oli, Sajha has decided to spend the sum into three parts. Sajha Chairman Kanakmani Dixit said that in the first phase, 40 electric buses and 24 charging depots have been put into operation. These nine-meter-long electric buses can accommodate up to 50 passengers.
In addition, Dixit emphasized that Sajha Yatayat buses will traverse both inner and outer roads of the Kathmandu Valley in this initial phase.
A common charging counter for electric buses is situated at the Pulchowk-based Sajha Yatayat office. Furthermore, two charging points have been established at the Nepal Electricity Authority (NEA) head office for use by Sajha Yatayat.
Moreover, Dixit announced that Sajha Yatayat has commenced the procurement process for 12-meter electric buses through an international tender.
The inauguration of the buses and charging stations was conducted by Minister of Physical Infrastructure and Transport, Raghubir Mahaseth. He highlighted that the plan to operate electric buses through Sajha Yatayat, initiated by the KP Oli government four years ago, has now come to fruition. Mahaseth stressed the importance of electric transport in promoting environmental cleanliness and reducing trade losses.
Kulman Ghising, managing director of Nepal Electricity Authority, noted that the operating cost of electric vehicles is 10 times cheaper than diesel and petrol vehicles. He expressed confidence that Sajha’s promotion of electric vehicles in mass transportation would soon prove profitable. Similarly, Lalitpur Mayor Chiribabu Maharjan assured ongoing support for Sajha Yatayat from the metropolis, indicating that funds have been allocated for the operation of electric buses within the city.
Gold price drops by Rs 200 per tola on Thursday
The price of gold has dropped by Rs 200 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 136, 600 per tola today. It was traded at Rs 136, 800 per tola on Wednesday.
Similarly, tejabi gold is being traded at Rs 135, 950 per tola. It was traded at Rs 136, 150 per tola.
Meanwhile, the silver is being traded at Rs 1,700 per tola today.
