The share market closed below psychological points of 3000 today due to selling pressure.
Nepal Stock Exchange (Nepse) index dropped by 69.05 points to close at 2,975.84 points.
After the central bank's directives to restrict on margin type lending to upto Rs 120 million -- from overall financial system -- for an individual, the share investors are forced to sell their holdings to comply with it.
Though, the share market witnessed drop in Nepse index, some Rs 13.26 billion worth of stakes changing hands as all the sectors led by development bank, hydropower, finance and ‘others’ sub-groups fell more than 3 per cent each.
Arun Valley Hydropower Development Company Ltd and Himalayan Distillery Ltd were the most actively traded scrips today, as they witnessed a turnover of over Rs 1 billion and almost Rs 500 million, respectively. Api Power, Nepal Bank and Goodwill Finance followed suit with turnovers of around Rs 30 million, each, according to the Nepse.
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