After subdued rally in first hour, stocks rallied to positive note on Second hour. Demand of financial stocks rose on last session before Tihar Holiday letting positive price of key banking stocks like Standard Chartered(Rs. 3672, +2.86%), Nepal SBI (Rs. 1735, +2.06%) along with bucket of scrip.
Nepse index traded higher of 6.18 points or 1.03 percent to 605.68 as Banking rose 8.53 points, Development bank added 4.47 points, finance and others are single point forward. It seemed investors got boost from yesterdays upbeat and cling hope for further advancement. If this trend will forward till the closing bell, Nepse might boost the investors' psychology and surely will initiate the positive rally for next session to come after Tihar Holiday.
Source:Jamb News Services
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Sunday, October 18, 2009
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