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NEPSE Slides 19.34 Points as Turnover Surpasses Rs. 5 Arba

The Nepal Stock Exchange (NEPSE) declined by 19.34 points (0.73%) to close at 2,622.48 on Tuesday, extending its losing streak for a second consecutive session.

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NEPSE Slides 19.34 Points as Turnover Surpasses Rs. 5 Arba

The Nepal Stock Exchange (NEPSE) witnessed a double-digit decline today, dropping 19.34 points (0.73%) to close at 2,622.48. The benchmark index had declined by 2.01 points in the previous trading session. NEPSE opened at 2,644.42 and moved between an intraday high of 2,646.86 and a low of 2,616.17 before settling at the closing level. Total turnover reached Rs. 5.07 Arba, with 15,196,982 shares traded across 347 companies through 55,246 transactions. The total market capitalization stood at Rs. 45.11 Kharba, while the float market capitalization was recorded at Rs. 15.21 Kharba. Agricultural Bond (9 Year) (ADBLB87) topped the turnover chart with transactions worth Rs. 50.68 crores, closing at Rs. 1,012.00. Meanwhile, Sarvottam Paints Industries Limited (SAPIL) hit the upper circuit, gaining 15.00% to close at Rs. 524.60. On the losing side, Sagarmatha Jalabidhyut Company Limited (SMJC) recorded the highest decline of 10.63%, with its last traded price standing at Rs. 429.00. Among the sectoral indices, the Trading Index recorded the highest gain, rising 0.41%, while the Manufacturing and Processing Index suffered the highest loss, declining 1.40%.

Nepal Rastra Bank Publishes Thursday's Foreign Exchange Rates; US Dollar at Rs. 149.61

Nepal Rastra Bank (NRB) has published the official foreign exchange rates for Thursday. The buying rate of one US dollar has been fixed at Rs. 149.61 and the selling rate at Rs. 150.21. The British Pound Sterling has recorded the highest value among the major currencies listed, with a selling rate of Rs. 200.16.

Gold Price Plunges by Rs. 5,900 Per Tola on Dhanteras; Silver Also Declines

Gold and silver prices recorded a sharp decline in the Nepali market on Friday, Kartik 20, coinciding with Dhanteras. Gold fell by Rs. 5,900 per tola to Rs. 283,000, while silver dropped by Rs. 110 per tola.

Nepal's VAT Collection Exceeds Target as Consumer Reward Scheme Boosts Tax Compliance

Nepal's VAT collection exceeded its first-quarter target in FY 2083/84, reaching Rs. 41.04 billion, up 10% compared to the same period last year. The increase comes after the Inland Revenue Department introduced a consumer reward scheme encouraging people to demand bills when making purchases.

Nepal Estimates $5 Billion Needed for Reconstruction After Bhotekoshi-Trishuli Disasters

Finance Minister Dr. Swarnim Wagle has estimated that Nepal will require approximately $4.7 billion to $5 billion for reconstruction following the disasters in the Bhotekoshi and Trishuli regions. The government is preparing a phased financing plan, including financial support from India, China, the World Bank and the Asian Development Bank (ADB).

Maya Khola Hydropower's Net Profit Surges 124.52% to Rs 6.38 Crore in Q1

Maya Khola Hydropower Company Limited (MKHC) has reported a 124.52 percent increase in net profit, earning Rs 6.38 crore in the first quarter of FY 2083/84, compared to Rs 2.84 crore in the same period last year. Higher electricity sales revenue and lower interest expenses supported the company's improved profitability.

Khani Khola Hydropower Turns Profitable, Reports Rs 3.65 Crore Net Profit in Q1

Khani Khola Hydropower Company Limited (KKHC) has made a remarkable financial turnaround, reporting a net profit of Rs 3.65 crore in the first quarter of FY 2083/84, compared to a net loss of Rs 1.89 crore in the same period last year.

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