NEPSE Index Rises 31.54 Points to Reach 2,695.60 as Daily Turnover Soars

The benchmark NEPSE index on the Nepal Stock Exchange advanced by 31.54 points on Thursday to settle at 2,695.60 points, marking its highest closing level in three months. Over the last two consecutive trading sessions, the market index has accumulated gains exceeding 64 points amidst heightened trading activity across the equity floor in Kathmandu. Daily trading volume hit a six-month high on Thursday, reaching Rs 8.57 billion. This represents a substantial surge from the Rs 7.45 billion recorded during the previous day's business session. The market had previously seen a higher daily transaction level on 16 April, when total turnover on the share exchange reached Rs 9.31 billion. Market participation was broadly positive, with all 13 sector sub-indices closing higher for the day. The hotels and tourism sector recorded the largest increase, escalating by 142.39 points. Meanwhile, the commercial banking sector sub-index recorded a gain of 36.20 points, which translates to an increase of 2.28 percent during the Thursday trading session. Individual shares across multiple sectors contributed to the overall market rally, with companies such as Sopan Pharmaceuticals, Beni Hydropower Project, Nepal Reinsurance Company, NRN Infrastructure and Development, Liberty Energy Company, Chirkhwa Hydropower, and Ghalemdi Hydro Limited recording trading activity as the share market stretched its positive run.