Alliance Insurance to auction unclaimed ordinary & promoter right shares from today.

Alliance Insurance Company Limited has invited bids from today to auction its 7,008 units of unclaimed promoter right shares and 20,402 units ordinary right share.

NEPSE increase by 1.67 pts closing at 704.16; KIST huge transaction

Avoiding the path of correction, Nepal Stock Exchange (NEPSE) today recouped its way up to add 1.67 points in its tally. Though the market faded out in its upward movement in the late hours, it still managed to settle above yesterday’s closing at the end.
The market index today closed at 704.16 levels. In spite of profit booking from investors, the stock index seems reluctant to make corrections. Following a slight correction in the early few minutes, the market propelled its way up to the level of 708 levels.

Nepse Wrap up (Review period 25th Aug to 29th Aug, 2013)

The capitalization of prior week’s profit by the investors put a dent in the progress of Nepse as the index that had gained more than 5 points, came to conclude with only 3.05 points gain by the end of the week.