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ECONOMY

NEPSE surges 24.57 points as daily turnover jumps to Rs 4.40 billion

Nepal Stock Exchange (NEPSE) soared 24.57 points (0.93 percent) on Tuesday, just the next day of the market plunging by 26 points.
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By REPUBLICA

KATHMANDU, July 7: Nepal Stock Exchange (NEPSE) soared 24.57 points (0.93 percent) on Tuesday, just the next day of the market plunging by 26 points.



The rise in commercial bank share prices in the market. The banking index was positively affected as the Nepal Rastra Bank is set to unveil the monetary policy for the fiscal year 2026/27.


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Through its signature policy, the central bank is reported to open the way for right shares to those banks and financial institutions that have been struggling to maintain their financial performance.


In intraday trading on Tuesday, the index rose by 25.57 points to 2651.68 points. The trading index increased by 1.89 and the commercial bank index by 1.52 percent. The share prices of 18 commercial banks inclined up.


As the share prices of 210 companies in the market rose, the prices of 57 companies decreased. The share price of Atmanirbhar Laghubitta Bittiya Sanstha fell the most by 13.78 percent.


Daily turnover increased to Rs 4.40 billion from Rs 3.55 billion.


 

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