KATHMANDU, March 4 -- NEPSE jumps up 117.70 points; market closed midway after index rises 6 percent

Nepal Stock Exchange (NEPSE) on Monday skyrocketed by adding 117.70 points, while the market faced three positive circuits and closed in the midway of trading hours.

According to stockbrokers, the market went through high volatility after the government stepped up for a new coalition and a new finance minister is likely to assume office shortly. In the fresh political development, Prime Minister Pushpa Kamal Dahal has joined hands with the CPN-UML and Rastriya Swatantra Party to form a new government.

In the intraday trading, the market opened at 1960.30 points and closed at 2,078 points. The authority slapped the first circuit breaker ...