Nepse down, float index up

Bank of Kathmandu (BoK) has sent the float index up, though marginally by 0.04 point to 65.95 points, despite a fall in the Nepse index.
Nepse, after yesterday's consolation gain, today lost a marginal 0.77 point to drop to 681.54 points. But the float index gained.
The shareholders of Bank of Kathmandu gained Rs 76 per share today. Around 4,866 shares of BoK changed hands today pushing the float index up by 0.04 point to 65.95 points. "If the share price of any company that has more public shares increases, it can push up the float index even if the Nepse index falls," said Rabindra Bhattarai, share analyst. BoK has 58 per cent -- the highest public shares among commercial banks.
Float index is calculated on the basis of real transaction, while calculating Nepse total volumn of listed shares is calculated.
The banking index went down by 2.51 points to 708.75 points because of the calculation of the total shares -- promoters and ordinary -- of banks. The sensitive index also lost 0.66 points to drop to 180.21 points.