Tag: Arba

  • NEPSE Concludes The Week With 3.79% Gain and Turnover of Rs 14.88. Arba; Weekly Summary with Technical Analysis, Sector Comparison, Major Highlights, and More

    NEPSE Concludes The Week With 3.79% Gain and Turnover of Rs 14.88. Arba; Weekly Summary with Technical Analysis, Sector Comparison, Major Highlights, and More


    During the past week, the NEPSE index experienced significant gains, closing at 2,263.92 after an impressive rise of 78.99 points, equivalent to 3.79%. The previous week had also seen a positive performance, with the index closing at 2,084.93 and recording a gain of 1.73% from the week before that.

    Throughout the week, the index displayed volatility, fluctuating between its highest point of 2,177.76 and its lowest point of 2,079.39, resulting in a total volatility of 98.37 points. This marked an increase in volatility compared to the previous week, which had witnessed fluctuations of 71.91 points.

    The substantial gains in the NEPSE index during the week indicate positive market sentiment and investor confidence, contributing to the overall growth in the stock market.

  • “Inland Revenue Department (IRD) Falls Short of Revenue Target, Collecting Rs. 4 Kharba 80 Arba in Last Fiscal Year”

    “Inland Revenue Department (IRD) Falls Short of Revenue Target, Collecting Rs. 4 Kharba 80 Arba in Last Fiscal Year”


    The Inland Revenue Department (IRD) faced a shortfall in revenue collection for the last fiscal year, collecting a total of Rs. 4 Kharba 80 Arba. This amount fell 23 percent below the target set at Rs. 6 Kharba 26 Arba. Furthermore, the revenue collected was Rs. 3 Arba less than the previous year’s collection (2078/79).

    Throughout the fiscal year, the department struggled to meet its revenue targets. Even in the month of Ashad, revenue collection fell short compared to the previous year, with only Rs. 72 Arba collected as opposed to the previous year’s Rs. 73 Arba.

    By the end of Jestha, the department had collected Rs. 4 Kharba 8 Arba, falling short by Rs. 2 Arba compared to the previous fiscal year. Despite this, it was significantly below the revenue target set for the year.

    The lower revenue collection was primarily attributed to reduced earnings from banks, financial institutions, alcohol, and automobile dealers compared to the previous year. The department faced challenges in meeting revenue targets since the month of Shrawan, with each subsequent month falling short of the set targets.

    For instance, in Poush, the department collected only Rs. 71.31 Arba, which was far below the target of Rs. 1 Kharba 6 Arba. Similarly, in Chaitra, the collection amounted to only Rs. 55.2 Arba, while the target was set at Rs. 83.75 Arba.

    Overall, the Inland Revenue Department managed to collect approximately 77 percent of the targeted revenue, resulting in a shortfall of Rs. 3 Arba compared to the previous fiscal year’s collection.

  • “NEPSE Index Soars by 47.07 Points, Closing at 2,144.16 in Today’s Trading Session”

    “NEPSE Index Soars by 47.07 Points, Closing at 2,144.16 in Today’s Trading Session”


    “NEPSE Index Surges by 47.07 Points, Closing at 2,144.16 in Today’s Trading Session”

    In today’s trading session, the NEPSE index showed a significant gain of 47.07 points or 2.24% compared to the previous trading day’s closing. This follows a surge of 12.16 points experienced in the index yesterday.

    The trading day began with the index opening at 2,097.99 and witnessed fluctuations throughout. It reached an intraday low of 2,089.16, indicating some downward momentum, but also achieved an intraday high of 2,144.60 before settling at its closing value of 2,144.16.

    A total of 257 scrips were exchanged through 50,299 transactions during the day’s trading. The volume of shares traded amounted to 7,634,190, resulting in a turnover of Rs. 2.56 Arba.

    Among the stocks, SHIVAM CEMENTS LTD (SHIVM) had the highest turnover, with a value of Rs. 14.86 crores, and closed at a market price of Rs. 662. The shares of PRSF recorded the highest trading volume.

    In terms of individual stock performance, BPW Laghubitta Bittiya Sanstha Limited (BPW) recorded the highest gain of 10%, while United Ajod Insurance Limited (UAIL) rose by 9.99%, reaching the positive circuit for the day. On the other hand, Kumari Dhanabriddhi Yojana (KDBY) experienced the highest decline of 8.37%.

    In terms of sector indices, only the “Mutual Fund” sector closed in the red, with a decline of 0.49%. The “Development Bank” sector showed the highest gain, increasing by 4.14%, while the “Others” sector experienced the smallest gain of 1.32%.

    Overall, the NEPSE index witnessed a significant surge in today’s trading session, accompanied by notable individual stock performances and sector movements.

  • “Nepal Stock Exchange (NEPSE) Drops 5.53 Points in 2 Days; Intraday Turnover Plummets to Rs 2.85 Arba”

    “Nepal Stock Exchange (NEPSE) Drops 5.53 Points in 2 Days; Intraday Turnover Plummets to Rs 2.85 Arba”


     

    The NEPSE index experienced a decline of 4.73 points, closing at 2,072.24 today, resulting in a loss of 0.23% compared to the previous trading day. Yesterday, the index had a decrease of 0.80 points. Starting at 2,078.25, the index reached a high of 2,084.92 during the day but also dropped to a low of 2,064.52 before settling at 2,072.24 at the end of trading. There were a total of 283 scrips traded through 54,943 transactions, with a total turnover of 7,988,986 shares worth Rs. 2.85 Arba. The turnover amount was lower than the previous trading day’s turnover of Rs. 3.79 Arba.

     

  • “NEPSE Index Remains Steady with Slight Dip as Trading Volume Reaches Rs. 3.79 Arba”

    “NEPSE Index Remains Steady with Slight Dip as Trading Volume Reaches Rs. 3.79 Arba”


     

    The NEPSE index ended the day at 2,076.96, experiencing a slight decrease of 0.80 points or 0.04% compared to the previous closing. Yesterday, the index had gained 28.38 points. The trading day started with an opening value of 2,081.75 and reached a high of 2,102.09, while the lowest point was 2,067.85 before settling at 2,076.96 by the end of the day. Throughout the day, there were 65,317 transactions involving 293 scrips. The total turnover amounted to Rs. 3.79 Arba, which is higher than the previous day’s turnover of Rs. 3.04 Crores.

  • Shikhar Insurance Leads Non-Life Insurance Premium Collection with Rs. 36.19 Arba in Jestha

    Shikhar Insurance Leads Non-Life Insurance Premium Collection with Rs. 36.19 Arba in Jestha


     

    In the first eleven months of the fiscal year 2079/80, non-life insurance companies in Nepal collected an impressive amount of Rs. 36.19 Arba in premiums from 25.37 lakh active insurance policies. According to a report from the Nepal Insurance Authority, Siddhartha Premier Insurance holds the most active policies at 313,602, followed by Sagarmatha Lumbini Insurance with 305,633 policies. On the other hand, National Insurance Co. Ltd has the fewest active policies, with only 30,563 in total.

     

  • “9% Nabil Debenture 2087” Added to SEBON’s Pipeline; Nabil Bank to Collect Rs 3 Arba from the Issue.

    “9% Nabil Debenture 2087” Added to SEBON’s Pipeline; Nabil Bank to Collect Rs 3 Arba from the Issue.


     

    SEBON Adds “9% Nabil Debenture 2087” to Pipeline with Rs 3 Arba Size

    SEBON, the Securities Board of Nepal, has included “9% Nabil Debenture 2087” in its pipeline. The debenture has a total size of Rs 3 Arba. Nabil Bank Limited will issue 30 lakh units of debenture at Rs 1000 per unit. Out of these, 12 lakh units are reserved for the general public, while the remaining 18 lakh units are for private placement. The debenture will provide a 9% interest rate for a duration of 7 years.

  • Nepal Rastra Bank Issues Rs. 20 Arba Reverse Repo for the Fourth Time

    Nepal Rastra Bank Issues Rs. 20 Arba Reverse Repo for the Fourth Time


     

    Nepal Rastra Bank (NRB) has responded to the accumulation of excess liquidity in the banking system by issuing another reverse repo. After previously issuing reverse repos on two separate occasions, NRB has now introduced Rs. 20 Arba on Tuesday. The reverse repo is a monetary tool utilized to absorb surplus liquidity and bring stability to the system. Considering there is approximately Rs. 40 Arba of excess liquidity in the system, this marks the fourth reverse repo issued by NRB during the current financial year.

     

  • NEPSE Weekly Summary: 4.64% Gain, Rs 23.25 Arba Turnover, Technical Analysis & More

    NEPSE Weekly Summary: 4.64% Gain, Rs 23.25 Arba Turnover, Technical Analysis & More


     

    Last week, the Nepal Stock Exchange (NEPSE) traded for only four days due to the Bakrid holiday on Thursday. The week ended with the NEPSE index closing at 2,150.99, marking a gain of 95.46 points or 4.64%. In the previous week, the index closed at 2,055.53, experiencing a 0.66% gain compared to the week before. Throughout the week, the index reached a high of 2,204.93 and a low of 2,057.37, showing a volatility of 147.56 points. The previous week had a lower volatility of 78.65 points.

     

  • NEPSE plummets, down double digits; trading volume at Rs. 3.49 Arba.

    NEPSE plummets, down double digits; trading volume at Rs. 3.49 Arba.


     

    The NEPSE index experienced a decline today, closing at 2,050.78 points, which reflects a loss of 14.05 points from the previous trading day. This translates to a decrease of 0.68% in the index value. Yesterday, the index had also experienced a decline of 26.56 points.

    During today’s trading session, the index opened at 2,067.21 points and reached its highest point of the day at 2,082.97. However, it also dropped to a low of 2,043.84 before settling at the closing value of 2,050.78.

    In terms of trading activity, there were 271 scrips (individual securities) exchanged through 59,813 transactions. The total number of shares traded was 8,651,164, amounting to a turnover of Rs. 3.49 Arba. It’s worth noting that today’s turnover is lower than the turnover of Rs. 4.11 Arba observed in the previous trading day.

  • Kathmandu Metropolis Exceeds Rs. 8 Arba Revenue, Reaching 79% of Target

    Kathmandu Metropolis Exceeds Rs. 8 Arba Revenue, Reaching 79% of Target


     

    Kathmandu Metropolitan City (KMC) has been successful in collecting revenue amounting to Rs. 8 Arba during the 11 months of the current financial year. Dhruv Kafle, who heads the Revenue Department, mentioned that the collected amount of Rs. 8 Arba 29 crores 95 lakhs 59 thousand 278 came from internal income, revenue distribution, and internal subsidy. This figure represents 79 percent of the city’s revenue target.

    For the current year, the Metropolis had set a revenue target of Rs. 10 Arba 42 crores 95 lakhs. They have made significant progress in generating internal revenue, achieving 98.87 percent of the targeted amount from internal sources. Out of the revenue target of Rs. 4 Arba and 85 crores, the Metropolitan collected Rs. 4 Arba and 77 crores. This amount is one billion more than the previous year, as reported by the Revenue Department.

  • “Nepse Plunges 26.56 Points to 2,064.83 Levels with Rs 4.11 Arba Turnover”

    “Nepse Plunges 26.56 Points to 2,064.83 Levels with Rs 4.11 Arba Turnover”


     

    Today, the NEPSE index finished at 2,064.83, dropping 26.56 points compared to the previous trading day’s close. This loss amounts to 1.27%. Yesterday, the index had lost 2.94 points. The index began today’s trading at 2,093.56 and reached its highest point of the day at 2,117.30. However, it also experienced a dip, hitting a low of 2,057.03 before settling at 2,064.83 for the closing.