Nepal Stock Exchange (Nepse) on Monday rose by 55.88 points to close at 2,065.89 points.
Although the Nepse plunged on Sunday to close near 2,000 points, the market got a notable rise on the following day, after the investors rushed to purchase shares at the lowest possible price. The authority imposed a positive circuit on 13 companies after their share prices rose at a significant rate.
The secondary market opened at 2,010.01 points and went to a straight rise throughout the trading hours for the day. Overall, the Nepse index increased 2.78 percent.
The sensitive index that measures the performance of blue chips companies also surged 11.23 points. Indices of all the 13 trading groups increased, while six of them gained three-digit points in their indices.
The turnover amount also hit Rs 2.43 billion, an increase from Rs 1.87 billion on Sunday. In individual companies, Shivam Cements had the largest transaction of its shares worth Rs 210.25 million. Shree Investment Finance Company was the topmost gainer while Ridi Hydropower Development Company lost the biggest percent in its share price.
