adminFINANCE Minister Patrick Chinamasa on Thursday announced that the review of the Listing Rules for the Zimbabwe Stock Exchange had been finalised and would be gazetted in the third quarter of this year. This, analysts note, will provide clear guidance on the new listing requirements in the process attracting more players on the equities market. Minister Chinamasa, in his Mid-year fiscal policy review statement, said the reviews would also improve corporate governance on the ZSE.
He said in addition, the ZSE, in collaboration with other stakeholders, was finalising Listing Rules for the SME Exchange that would operate as the Zimbabwe Emerging Enterprise Market (ZEEM).
Meanwhile, the industrial index closed the week on Friday at 145.35 points as it lost 0.28 points (0,19 percent).
Tobacco processor BAT eased $0,0500 to close at $11,5500, Econet slipped $0,0084 to settle at $0,3201 while CBZ was down $0,0005 to $0,0995.
Innscor was $0,0002 weaker at $0,6298.
Three counters traded in the positive; CFI added $0,0052 to trade at $0,0312, Old Mutual put on $0,0029 to close at $2,7450 and Nicoz Diamond advanced by $0,0024 to $0,0160.
Week on week the Industrial index lost 0.55 points (0,38 percent).
The Mining index was steady at 39.36 points. Bindura, Falgold, Hwange and RioZim were unchanged at $0,0300, $0,0060, $0,0410 and $0,1400 respectively.
Week on week the Mining index dropped 1.58 points (3,86 percent).
Online Reporter