The Nepal Stock Exchange (Nepse) surged double digits point of 30.72 to close at 1,251.42 points, the all time high record point last week.

The market that opened at 1,220.7 points on Sunday posted the fresh all time high records on almost every trading day before reaching 1,251.42 points. The Nepse witnessed the biggest growth of 17.32 points on Monday.

Since last three weeks with the Nepse enforcing the full fledged demat system the market had been taking an upward swing. Last week too, the market set the record of 1,219.62 points.

Stockbrokers attributed the indicators like high liquidity with banks, implementation of full-fledged demat transaction, positive political development and improved second quarterly report of mainly the banks and financial institutions for the whopping growth in the Nepse.  

The indices of the entire groups except ‘trading’ escalated. Development banks, adding up 77 points, were the biggest gainer. It was followed by manufacturing, insurance, commercial banks, hydropower, hotels, ‘others’ and finance companies.  

The Nepse of ‘trading’ group was stable at 201.38 points throughout the weekdays.

Stockbrokers expressed their hope that the market would grow in the future. Sijapati said the market could hover between 1,250 and 1,300 points in the next week.

The sensitive index that measures the performance of ‘A’ class companies also surged 6.89 points to close at 269.52 points.

Along with the Nepse, the transaction volume also dropped 28.21 percent to Rs2.79 billion. The daily average of shares worth Rs560 million took place over the review period. Similarly, the number of traded shares also increased to 4,466,610 units from 3,444,117 units.

Regarding the individual company, Nepal Investment Bank topped in terms of transaction volume. There was turnover of Rs151.45 million of the bank’s shares. Nepal Investment Bank (promoters’ shares), Nabil Bank (promoters’ shares), Sanima Bank and Global IME Bank also secured top five places in the category.