Nepse surges by 4. 89 points on Wednesday
The Nepal Stock Exchange (NEPSE) gained 4. 89 points to close at 2,050.59 points on Wednesday.
Similarly, the sensitive index surged by 0. 97 points to close at 392. 50 points.
Meanwhile, a total of 4,133,709 unit shares of 215 companies were traded for Rs 1. 73 billion.
In today’s market, all sub-indices saw green except for Banking, Trading, Hotel and Tourism, HydroPower and Life Insurance.
Meanwhile, Multipurpose Finance Company Limited was the top gainer today, with its price surging by 5. 69 percent. Laxmi Equity Fund was the top loser as its price fell by 6. 33 percent.
At the end of the day, total market capitalization stood at Rs 2. 92 trillion.
Gold price increases by Rs 200 per tola on Wednesday
The price of gold has increased by Rs 200 per tola in the domestic market on Wednesday.
According to the Federation of Nepal Gold and Silver Dealers' Association, the yellow bullion is being traded at Rs 94, 000 per tola today.
Meanwhile, tejabi gold is being traded at Rs 93, 500 per tola.
The yellow metal was traded at Rs 93, 800 per tola on Tuesday.
Similarly, the price of silver has increased by Rs 5 per tola and is being traded at Rs 1,165 per tola today.
Twitter-Musk takeover dispute heading for October trial
A US judge has ordered that Twitter's lawsuit against Elon Musk go to trial in October, a blow to the world's richest man who had asked for a delay, BBC reported.
Mr Musk walked away from his $44bn (£36bn) bid to buy Twitter earlier in July, prompting the company to sue him.
Twitter hopes that the court will order Mr Musk to complete the takeover at the agreed price of $54.20 per share.
The tech billionaire has accused Twitter of withholding information about fake accounts.
His legal team has called for the trial to be held early next year due to its complexities, but Twitter asked for a September date.
On Tuesday, a judge in the state of Delaware agreed with the company and said a delay to the trial would cast a "cloud of uncertainty".
"Delay threatens irreparable harm," Chancellor Kathaleen St Jude McCormick said. "The longer the delay, the greater the risk."
The lawsuit accused Mr Musk of a "long list" of violations ahead of the potential merger and argued that he had "cast a pall" over the company, according to BBC.
At the hearing on Tuesday, Twitter's lead counsel William Savitt said the ongoing uncertainty about whether the takeover would go forward or not "inflicts harm on Twitter everyday".
Nepse surges by Rs 16. 27 points on Tuesday
The Nepal Stock Exchange (NEPSE) gained 16. 27 points to close at 2,045.69 points on Tuesday.
Similarly, the sensitive index surged by 2. 77 points to close at 391. 53 points.
Meanwhile, a total of 5,713,248 unit shares of 213 companies were traded for Rs 2. 29 billion.
In today’s market, all sub-indices saw green. Life Insurance topped the chart with 80 points.
Meanwhile, Emerging Nepal Limited was the top gainer today, with its price surging by 8. 01 percent. Civil Bank Debenture was the top loser as its price fell by 7. 75 percent.
At the end of the day, total market capitalization stood at Rs 2. 92 trillion.
