The domestic stock market surged by a whopping 64.87 points on Wednesday. This is the highest single-day gain of the Nepse index in the current fiscal year. The market surged in the last hour of trading with the news that Prime Minister Pushpa Kamal Dahal has instructed Nepal Rastra Bank (NRB) Governor Maha Prasad Adhikari to address the demands of the private sector, including the issue related to the working capital loans guidelines. Following the meeting between the Prime Minister NRB Governor and Finance Minister Bishu Paudel, the central bank amended the arrangements in the guidelines.
On Wednesday, the Nepse index rose by 3.15 percent to close at 2125.94 points. A total of 8.73 million shares were traded through 57,312 transactions of 258 companies. With all sub-indices turning green, the Nepse recorded a turnover of Rs 3.5 billion on Wednesday.
Himalayan Distillery Limited recorded the highest turnover of Rs 115.2 million while the shares of Himal Dolakha Hydropower Company Limited (HDHPC) were the most traded.
On Wednesday, the share prices of 8 companies hit the positive circuit after increasing by 10 percent. The share price of Salt Trading, Himalayan Distillery, Kalika Microfinance, Mirmire Microfinance, Kisan Microfinance, Nadep Microfinance, People's Power, and Khaptad Microfinance increased by 10 percent.
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