Kathmandu, January 3 : The Nepal Stock Exchange continued to decline with the index losing 1.56 points to close at 1178.87 today.
The sensitive index which measures the performance of class ‘A’ stocks also dipped 0.48 points to stand at 250.06. The market witnessed the trading of over Rs 276 million worth of 7,97,613 shares of the total 158 companies. Of the nine subgroups, six sub-indices made gains, while the remaining three dipped.
Hotel surged by 18.25 points, while finance 0.38, non-life insurance 15.02, microfinance 1.22, life insurance 68.05 and others 0.3. But, banking registered a decrement of 4.36 points, development bank 6.18 and hydropower 6.37.
The financial condition of state-owned Nepal Airlines Corporation has worsened significantly, with the national flag carrier facing mounting debt and growing concerns over its long-term sustainability. According to...
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