Stock index surges 2.55pc

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Kathmandu, December 26

The central bank’s decision to raise the ceiling on margin lending and relax other provisions triggered a bull run on the stock market today, with the index recording a double digit growth.

The Nepal Stock Exchange (Nepse) index surged 2.55 per cent, or 30.26 points, to close at 1,216.27 points after the central bank implemented recommendations made by a government-led team formed to end stock market and interest rate volatility.

“The central bank’s latest move has pumped up investor confidence and the secondary market will gradually rebound,” said Ambika Prasad Poudel, chairman of Nepal Investors Forum.

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Written by Sandeep
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