KATHMANDU: Nepal’s stock market climbed 108 points this week, closing at 2,703—up from last week’s 2,595.

The index gained on all five trading days, with the highest single-day rise on Wednesday (34.42 points). Despite concerns over fiscal year-end loan and interest payments, the market showed strong momentum.

Market turnover grew steadily throughout the week, ranging from Rs 6.38 billion to Rs 9.74 billion. The rally, beginning mid-Asar, defied the usual seasonal dip and reflected rising investor confidence.

Every sector posted gains, with development banks and life insurance leading at over 8% growth. Expectations of liquidity from capital expenditure and a favorable monetary policy have lifted market sentiment.

Hydropower companies dominated trading. Sahas Urja topped with Rs 1.82 billion in turnover, followed by NRN Infrastructure, Butwal Power, Radhi Bidyut, and others. Sahas also led by transaction count.