Kathmandu, Sept. 14 -- Nepal Stock Exchange plunged by a whopping 33.18 points to close at 1,157.89 points last week as investor confidence continued to weaken after the government said that it was not interested in boosting the stock market.

With the latest slump, the stock exchange index in the past six weeks has gone down by 106.18 points to a four-month low. The average daily turnover dropped to Rs359.67 million last week from Rs394.20 million in the previous week due to the ongoing bearish trend.

The market which opened at Rs1,191.07 points on Sunday fell 12.61 points to close at Rs1,178.46 points. It was followed by losses throughout the week. Overall, the market was down 2.79 percent during the review period.

Stockbrokers said t...