Kathmandu, July 13 -- The Nepal Stock Exchange (NEPSE) index surged by 29 points on Sunday, marking a 1.06 percent gain to settle at 2,760.80. The rally came on the first trading day of the week, although it failed to fully reflect investor optimism following a policy change by the central bank.

According to NEPSE data, share prices of 158 companies increased, while 90 recorded declines. The trading session saw a total of 105,415 transactions, generating a turnover of Rs11.41 billion. Altogether, 32.59 million shares were bought and sold during the day.

The market briefly touched an intraday high of 2,797.58 points before retreating slightly to close at the day's final level.

Despite the overall rise in the benchmark index, some subgro...