Nepse plunges by 17. 53 points on Thursday
The Nepal Stock Exchange (NEPSE) plunged by 17. 53 points to close at 2, 715. 05 points on Thursday.
Similarly, the sensitive index dropped by 1. 58 points to close at 462. 68 points.
A total of 35,477,939-unit shares of 320 companies were traded for Rs 1. 55 billion.
Meanwhile, Himal Dolakha Hydropower Company Limited (HDHPC) was the top gainer today with its price surging by 9. 23 percent.
Likewise, Corporate Development Bank Limited (CORBL), Mithila LaghuBitta Bittiya Sanstha Limited (MLBBL) and Saptakoshi Development Bank Ltd (SAPDBL) were the top losers as their price fell by 10. 00 percent.
At the end of the day, the total market capitalization stood at Rs 4. 55 trillion.
Snowfall brings cheers among farmers in Humla
Heavy snowfall in Humla, a mountainous district of Karnali Province, has disrupted normal life.
The snowfall has obstructed road access from the district headquarters, Simkot, to northern Namkha village and other areas.
Continuous snowfall over the past two days has led to the suspension of flights on the Nepalgunj–Simkot and Surkhet–Simkot routes.
According to Chief District Officer Tek Kumar Regmi, heavy snowfall, particularly on January 28, has intensified the cold in the district. Bonfires have been arranged at government offices to provide warmth for service seekers.
Security personnel, including the Nepal Police, Armed Police Force, and Nepal Army, along with government employees, have intensified efforts to clear snow from the Simkot Airport area. Meanwhile, rainfall in the southern belt of the district has further hampered public movement.
Despite the adverse weather conditions, political parties have continued election publicity campaigns in villages ahead of the House of Representatives (HoR) election scheduled for March 5.
Meanwhile, farmers have welcomed the snowfall, citing its benefits for winter crops such as barley, wheat, and oat.
They say snowfall helps retain soil moisture and improves soil fertility, supporting better crop growth.
Starmer, Xi signal reset in China-UK ties, eye economic wins
British Prime Minister Keir Starmer told Chinese President Xi Jinping on Thursday that he wanted to build a "sophisticated relationship" with Beijing to boost the UK economy, signalling a reset after years of strained ties, Reuters reported.
On the key day of his four-day visit to China, the first by a British prime minister in eight years, Starmer held an 80-minute summit with Xi at the Great Hall of the People before they lunched together. Starmer said the pair chatted about soccer and Shakespeare, as well as business matters.
The British leader will also meet Premier Li Qiang, according to Reuters.
Gold price increases by Rs 20, 500 per tola on Thursday
The price of gold has increased by Rs 20, 500 per tola in the domestic market on Thursday.
According to the Federation of Nepal Gold and Silver Dealers’ Association, the precious yellow metal is being traded at Rs 339, 300 per tola today. It was traded at Rs 318, 800 per tola on Wednesday.
Similarly, the price of silver has increased by Rs 205 and being traded at Rs 7, 505 per tola today.
