October 18: The Nepal Stock Exchange(NEPSE) Index gained 43.27 points or 2.32% and closed at 1907 points on the fourth trading day of the week, Wednesday.

Today's market gain can be attributed to a combination of several factors. First and foremost, the decision of many banks and financial institutions to lower their interest rates for the current month has had positive impact on the market.

Additionally, selling pressures for the Dashain festival came to an end, relieving the downward pressure on stock prices and allowed the market to rebound.

The Securities Board of Nepal (SEBON)’s decision to reduce broker commission rates by 10% has injected positive optimism among the investors.

A total of 286 scrips were traded through 31,788 transactions. Likewise, as many as 3, 772,023 units of shares exchanged their hands, amount to Rs 93 crores.

Sanima GIC Insurance Limited (SGIC) had the highest turnover, reaching Rs. 4.46 crores, and closed at a market price of Rs. 434.00.

Similarly, Asha Laghubitta Bittiya Sanstha Ltd (ALBSL) showed the highest gain of 10%, followed by Infinity Laghubitta Bittiya Sanstha Limited (ILBS) with a gain of 9.97%.

On the flip side, BPW Laghubitta Bittiya Sanstha Limited (BPW) showed the highest loss at 4.62%.

In terms of sector indices, all sectors closed in the green territory. "Non-Life Insurance" gained the highest 2.87%, while "Mutual Fund" gained the least of 0.38%.

Sensitive Index experienced a gain of 2.27%, while Float Index and Sensitive Float Index gained 3.15% and 2.93% respectively.