Kathmandu. The impact of the monetary policy brought by the Nepal Rastra Bank (NRB) has been seen in the stock market.

Today, the index measuring the market has increased by 29 points to 2760.80 points. In intra-day trading, the market reached 2797. Nine hundred forty-seven thousand units of shares of 311 companies were traded for Rs 11.41 billion.

Sub-indices of non-life insurance, other and hydropower groups have declined while the sub-indices of banking, development bank, finance and micro finance group have shown improvement. Nepal Rastra Bank (NRB) on Friday raised the limit of personal share mortgage loans given by banks from Rs 150 million to Rs 250 million.

The monetary policy provides for banks to raise capital by issuing right shares. Similarly, the existing arrangement regarding distribution of more than 15 percent dividend (cash or bonus) annually by microfinance financial institutions as per the existing arrangement will be reviewed. This has had a positive impact on the market.