Market Shuts Down as Nepse Index Skyrockets

The share market came to an abrupt halt today as the Nepse index experienced an unprecedented surge, rising by a staggering six percent within the first one-and-a-half hours of trading.

The market, which opened its doors on Sunday, witnessed an unexpected rally as the Nepse index consistently climbed throughout the trading session. In less than nine minutes, the index reached a remarkable six percent increase, triggering an automatic shutdown of the market for the entire day.

This decision was in accordance with the regulatory provisions that mandate market closure for various durations based on the percentage increase in the Nepse index. As per the rules, a 20-minute suspension is triggered if the index rises by four percent in the first hour, 40 minutes if the increase reaches five percent within two hours, and a full-day closure if the index surges by six percent.

Today’s trading session, marked by its brevity of only nine minutes, left investors and market participants astonished at the rapid developments. Analysts are now closely monitoring the situation, speculating on the potential impact of this unexpected surge on the market’s future dynamics.