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Nuwakot Festival concludes, Rs 20 million transaction during festival

Gorkha Post

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NUWAKOT — The fifth Nuwakot festival organised recently here with the slogan of ‘Prosperous Nuwakot: Our Resolution’, has made the transaction of Rs 20 million.

The 12-day festival was organized by Nuwakot Chamber of Commerce at Bidur. Chamber has informed that the festival made the transaction of Rs 20 million and was visited by 100,000 people.

During the concluding session of the festival on Sunday, Nepali Congress central member and lawmaker Bahadur Singh Lama hoped the festival would propel the economic and commercial activities in the district. They also said such festival could promote religious and cultural tourism.

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Chief of the District Coordination Committee, Santa Man Tamang, said a means of economic prosperity could be sought through the festival.

Chamber Chairman Tara Bahadur Karki said the festival was organized to promote the local products. According to him, handicrafts and agricultural products were sold much in the festival.

Artists from different sectors had also made their performances.

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Economy

NEPSE stabilises

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KATHMANDU- The Nepal Stock Exchange (Nepse) index has stabilised to some extent as compared to the first trading day on Sunday when it suffered a sharp dip.

The NEPSE index increased 0.9 points to close at 1131.73. Likewise, the sensitive index, which measures the performance of group ‘A’ stocks has also risen 0.06 points.

Over 2 million shares of a total of 156 companies were traded at more than Rs 637 million. Of the total 11 subgroups, four made gains, and the rest seven declined.

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Development bank surged 4.7 points, while non-life insurance 92.1 points, life-insurance 13.57 points and others 0.43 points.

But, banking dipped 0.27 points, while trade 1.18 points, hotel 2.04 points, hydropower 2.17 points, finance 1.82 points, production 9.21 points and microfinance 8.31 points.

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