Nepse breaks losing streak to retrieve by 0.21 points to close at 575.62 levels

Finally, the stock market of Nepal managed to halt its downward rally after falling for five continuous trading days. The stock by the end of today’s session came to retrieve by 0.21 points to close at 575.62 levels.

52.63 % dividend of Excel Dev Bank, 19% bonus share of Triveni Bikas Bank approved; Mahakali Bikas Bank proposes 18.9% dividend

Nepal Rastra Bank has endorsed 52.63 percent dividend – 50 percent bonus shares and 2.64 percent cash — proposed by Excel Development Bank Limited from the profit it posted in the last fiscal year.

After the distribution of the bonus shares, the development bank’s paid-up capital will rise to Rs 15 crore.

Nepse Wrap up (Review period 4th Aug to 8th Aug, 2013)

The joyful and exciting bullish ride of the market came to halt this week as the secondary market of Nepal found itself in wait and watch condition.

Following more than 50 points surge within one month time, the investors were in a row to book their profit between the levels of 440 to 450 leading to a sluggish market scenario.

Mahakali Bikas Bank earns net profit Rs 1.06 crore, 54.94% growth

Mahakali Bikas Bank has posted a net profit of Rs 1.06 crore, a growth of 54.94% over 68.60 lakh reported in the previous fiscal.

The bank’s deposits reached Rs 37.70 crore, a rise of 37.94% over last year, with loans and advances at Rs 27.98 crore showing almost identical growth of 37.03%.