Market report: Demos not good for economy

28 Aug, 2016 - 00:08 0 Views

The Sunday News

THE demonstrations that are happening in some parts of the country especially in Harare are not good for the economy.

The running battles and the pictures that are being splashed across various media platforms paint a picture which is not good for a country trying to address its economic challenges and attract foreign direct investments and financial bail outs form international organisations.

Political leaders if they have grievances should sit down and discuss matters and stop destroying the country for it is always difficult to rebuild than to destroy.

Meanwhile, the Industrial index marginally increased by 0.02 points (0,02 percent) to close the week on Friday at 99.90 points.

Innscor went up by $0,00050 to close at $0,1920 while Old Mutual pushed further to settle at $2,5625 after picking up $0,0060.

Heavyweights Delta and Econet both traded unchanged at $0,6600 and $0,1995 respectively.

Week on week the industrials gained 0.07 points (0,07 percent).

The Mining index was unchanged at 26.32 points. Bindura, Falgold, Hwange and RioZim remained unchanged on previous price levels at $0,0120, $0,0050, $0,0300 and $0,1710 in that order.

The mining index lost 0.03 points (0,11 percent) compared to week ending 19 August 2016.

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