KATHMANDU, Feb 16: Nepal Stock Exchange (Nepse) fell 19.84 points on Wednesday due to the political uncertainty created by the government’s failure to table the US-funded Millenium Challenge Corporation (MCC) compact agreement at parliament for ratification.
On Wednesday’s trading, the secondary market that opened at 2,754.28 points soared as high as 2,771.69 points within one hour of the trading. However, the market in the successive moments went to a straight fall to close finally at 2,734.44 points.
Nepse plunges to nine-month low
Nepse had gained 53.3 points on Tuesday backed by the decision of the ruling political parties to table MCC at parliament. However, the market failed to maintain the positive vibe in the investors the next day trading. As a result, the turnover amount also declined to Rs 3.02 billion from Rs 3.23 billion.
Except for life-insurer and trading, the rest of the 11 groups witnessed a fall in their indices. Everest Insurance Company Limited Promoter Share was the biggest loser while Gurans Laghubitta Bittiya Sanstha Ltd gained the maximum of 3.44 point percent in its share price.
