Amid concerns over Nepal's recent inclusion on the Financial Action Task Force’s (FATF) grey list, the Nepal Stock Exchange (NEPSE) index rose by 0.42% (11.66 points) to close at 2,755.40 on Sunday, February 23, marking its fifth consecutive day of gains.
FATF, the intergovernmental body overseeing global anti-money laundering (AML) and countering the financing of terrorism (CFT) compliance, added Nepal to ‘Jurisdiction Under Increased Monitoring’ last Friday.
Along with the index, the daily turnover, too, surged, surpassing Rs 11.54 billion, up from Rs 8.62 billion in the previous session. More than 21 million shares were traded across 108,913 transactions.
All three major indices closed in the green: the Sensitive Index rose by 0.14%, the Float Index gained 0.29%, and the Sensitive Float Index increased by 0.07%.
Guardian Micro Life Insurance Limited (GMLI) led the day's gains, reaching the upper circuit limit, while Kumari Sabal Yojana (KSY) followed with a 9.94% increase in its share price.
Upakar Laghubitta Bittiya Sanstha Limited (ULBSL) recorded the biggest decline of the day, with its share price falling by 6.79%.
Himalayan Reinsurance Limited (HRL) recorded the highest turnover, followed by Citizen Life Insurance Company Limited (CLI) and Nepal Reinsurance Company Limited (NRIC).
Among the 13 NEPSE sub-indices, six ended in the red. The Others Index posted the largest gain of 3.72%, while the Trading Index saw the steepest decline of 1.32%.
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