The Sunday News
ALL attention will be on Finance Minister Patrick Chinamasa on Thursday as he presents the 2016 national budget.
As usual the national budget brings a lot of policy issues and incentives with a direct bearing on the course the economy will take next year.
With resources dwindling, it is expected that Minister Chinamasa juggle his allocations to ensure that the economy is stimulated.
Meanwhile, the Industrial index closed the week on Friday at 120.57 points after losing 3.73 points (3,00 percent) as heavyweight counters lost ground.
Innscor retreated $0,0350 to trade at $0,3450; Delta eased $0,0301 to $0,7799 while Econet decreased by $0,0225 to settle at $0,1935. Other losses were in Fidelity Life which was down $0,0154 to trade at $0,1200 and Seedco closed at $0,9500 following a $0,0100 loss.
On the upside, Tobacco processor BAT shifted up $0,0500 to trade at $12,0500 and Ariston added $0,0002 to close at $0,0047. Dawn and Zeco both inched up $0,0001 to settle at $0,0176 and $0,0002 respectively.
Week on week Industrial index lost 4.86 points (3,88 percent) compared to week ending 13 November 2015.
The Mining index was flat at 22.33 points. Bindura, Falgold, Hwange and RioZim maintained previous price levels at $0,0130, $0,0050, $0,0340 and $0,pn1040 in that order.
Week on week Mining index remained unchanged compared to week ending 13 November 2015.
