KATHMANDU, Jan. 22 -- Stocks struggled throughout the trading session on Monday. The Nepal Stock Exchange (Nepse) index began its slump since the initial trading hour and saw constant pressure throughout the remaining session. The index closed the day firmly lower at 1,168.06 points, registering a daily loss of 10.86 points.
Following the day's decline, the local bourse extended its losses for four straight sessions. The market found some respite in the previous week driven by advances seen in share prices of Upper Tamakoshi Hydropower Ltd and Citizens Investment Trust Ltd. However, since both the stocks are witnessing substantial retracement of late, the index has returned back to losing ways. Other stocks also followed suit, contributing...