NEPSE surged to 551.66 levels

Breaking its sluggish movement, the Nepse index today surged pass 550 levels to settle at 551.66 levels.

Defying its prior week’s trend of late volatility, the market today from the first hour of the trade rallied its way up and settle at day’s high.

Janata Bank appointed Bhattarai as CEO.

Janata Bank Nepal board has appointed Ramesh Kumar Bhattarai as chief executive officer, effective from Wednesday. Bhattarai, a PhD from Delhi University, was associated with the government enterprises like Employees Provident Fund and various commercial banks.

Share market static as Dashain approaches

The stock exchange this week — September 29 to October 3 — witnessed more than 45.6 million units of ordinary shares getting listed, while the market remained almost static due to the fast approaching Dashain.

Four financial institutions — Rural Microfinance Development Center, Hamro Bikas Bank, Jebil’s Finance and Sana Kisan Bikas Bank — that had conducted their Initial Public Offerings in July, got their 9.8 million units of ordinary shares listed at Nepal Stock Exchange (Nepse) for trading this week.

Nepal Telecom announces Dashain & Tihar festival offer

Nepal Telecom has announced special offer on its services starting October 10.

The state-owned telco is offering 50 percent discount on SMS within its network from October 10 to October 18 and November 2 to 9.

Gold dearer by Rs 900 per tola, Nepali rupee improves against USD

The price of hallmark gold has increased by Rs.900 per tola on Friday.

The Federation of Nepal Gold and Silver Dealers' Association (FNEGOSIDA) has fixed the price of yellow metal at Rs. 55,000 per tola (11.664 gram) on the last trading day of the week.