Buoyed by the hope of political stability and expectations of a democratic leadership in the government, investors pumped the Nepse index up by 5.6 per cent.
Last week saw only one day of transaction on Thursday due to holidays for the CA election. The earliest results of the polls showed Nepali Congress in the lead, filling investors with optimism. NC is considered to be a liberal party which is supposed to provide better economic environment than other leftist parties.
Market that had opened at 600.28 points reached 634.3 points despite three circuit breakers interrupting the rally. On Thursday, 202,698 unit shares of 62 companies worth Rs 102 million were traded in 511 transactions.
All of the subgroups posted gains in trading, with insurance heading the pack. The future course of the stock market can only be determined by the final tally of the election winners.
source: the himalayan times,23 Nov 2013
LINK
Last week saw only one day of transaction on Thursday due to holidays for the CA election. The earliest results of the polls showed Nepali Congress in the lead, filling investors with optimism. NC is considered to be a liberal party which is supposed to provide better economic environment than other leftist parties.
Market that had opened at 600.28 points reached 634.3 points despite three circuit breakers interrupting the rally. On Thursday, 202,698 unit shares of 62 companies worth Rs 102 million were traded in 511 transactions.
All of the subgroups posted gains in trading, with insurance heading the pack. The future course of the stock market can only be determined by the final tally of the election winners.
source: the himalayan times,23 Nov 2013
LINK
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