Kathmandu, Aug. 27 -- The Nepal Stock Exchange (Nepse) index surged by 53.01 points on Wednesday to close at 2,819.10, marking a 1.91 percent gain.

The market recorded a turnover of Rs7.68 billion with 14.98 million shares traded. Investor sentiment remained strongly positive, as 232 companies advanced while only 19 declined, with none unchanged.

The Development Bank sub-index led the rally with a sharp 3.40 percent rise to 5,985.05. The manufacturing and processing index followed with a 2.69 percent jump to 7,727.60, while the trading index gained 2.68 percent to 4,206.02.

Life insurance stocks also posted strong growth, lifting the sub-index by 2.21 percent to 13,281.52. The investment and others indices added 2.19 and 2.14 percent, ...