August 14: Nepal Stock Exchange (Nepse) index closed at a seven-year high of 1088 points on Thursday

The index crossed 1083 points, the previous high this month, to close at 1088.42.The highest the index ever reached was on August 31,2008, when it closed at 1175.38.

According to analysts, The recent announcement by the central bank to make it mandatory for BFIs to increase their paid-up capital has encouraged new investors. Similarly, the news of insurance companies increasing their capital, and the publication of quarterly profit reports of listed companies has helped the index record a new high.