September 21: The Nepal Stock Exchange (NEPSE) Index exhibited a noteworthy performance, surging by 44.34 points or 2.23% to reach a closing value of 2029.78 points on the final trading day of the week, Thursday.

This substantial growth in the NEPSE Index is attributed to a positive development from the Nepal Rastra Bank (NRB), which indicated its intention to remove the 120 million cap on margin loans.

The meeting between Finance Minister Prakash Sharan Mahat and NRB Governor Maha Prasad Adhikari, along with Finance Minister Mahat's advocacy for eliminating the 120 million cap on share loans, has had a positive impact on the stock market, according to analysts.

During today's trading session, there were 278 different stocks traded in a total of 119,359 transactions. The volume of shares traded amounted to 11,264,309, with a total turnover of Rs. 3.29 billion.

Notably, Sun Nepal Life Insurance Company Limited (SNLI) recorded the highest turnover, reaching Rs. 20.18 crores, and closed at a market price of Rs. 470.

Additionally, it's worth mentioning that the stock prices of nearly 8 hydropower companies experienced significant increases, attracting many traders due to their relatively lower prices compared to other scrips.

On the flip side, the NIBL Growth Fund (NIBLGF) experienced the highest loss of 4.07% on this trading day.

In terms of sector indices, all indices showed positive gains, with the Hydropower Index leading the way with a remarkable increase of 5.31%, followed closely by the Finance Index, which gained 4.38%.

Furthermore, the Sensitive Index saw a rise of 1.98%, while the Float Index and Sensitive Float Index increased by 2.15% and 1.80%, respectively.