Thursday, September 20, 2007

Nepse sets new record

Nepali shares jumped to a new high on Wednesday with the Nepse index surging past 837 points mark — a new record in the Nepse’s 14-year long history — buoyed by the bonus shares and cash dividend by some of the banks to increase their paid up capital according to the Nepal Rastra Bank’s (NRB) directives.
The sole secondary market, Nepal Stock Exchange (Nepse) floor opened at 827.74 points today morning and increased by 10.18 points to register 837.92 at the closing of the day.
The earlier high was 831 points two weeks ago. In the last 10 months, the Nepse index posted more than a double growth without any market rationale.

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