Market Report: Financial institutions must support agriculture

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FINANCIAL institutions must remodel their operations to reflect the dominant economic drivers in the country.

One such key driver is agriculture and it is high time banks come up with products that seek to help farmers improve production.

In the process this will oil companies that rely on agricultural products as inputs to boost production.
Meanwhile, the Industrial index closed the week on Friday higher at 131.08 points after adding 0.46 points (0,35 percent).

BAT gained a hefty $0,1500 to close at $11,8000, Afdis put on a significant $0,0600 to trade at $0,5800 while Delta rose by $0,0041 to $0,8225.

Other movers were in First Mutual which increased by $0,0002 to close at $0,0202 while Econet was up $0,0001 to $$0,0455.

Three counters traded in the negative territory including Old Mutual which lost $0,0232 to settle at $2,2069, Nicoz Diamond dropped $0,0021 to $0,0150 and Innscor eased $0,0006 to close at $0,6000.

Week on week Industrial index shed 0.37 points (0,28 percent).

The Mining index was flat at 23.68 points.

Bindura, Falgold, Hwange and RioZim maintained previous price levels at $0,0130, $0,0050, $0,0350 and $0,1200 respectively.

Week on week the Mining index recovered 0.11 points (0,47 percent).

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