Nepse crosses 1000 mark

For the first time in its history, Nepal Stock Exchange (Nepse) index crossed the major psychological threshold of 1000 points on Sunday.

The country’s sole secondary share market reached 1000 points one and a half decade after it was established.

The Nepse, which opened at 992 points on Sunday, closed at 1000.49 points.

A year ago, this index was hovering around 500 points. Stock analysts claim that the accelerated gain in the index is not based on sound financial situation. They claim that the share prices, particularly of commercial banks and financial institutions, have soared due to speculative drive. nepalnews.com sd Dec 10 07

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