Banks fuel mild bull run on DCI

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Buoyed by financials, especially banks which continue to exhibit resilience ahead of the release of their interim results, the Domestic Companies Index (DCI) pushed on 1.46 percent to close the week at 6,486.50 points.

The DCI was powered on by persistent gains in financials such as FNBB, BIHL and Imara. Already FNBB is up by 22.5 percent on a year-to-date basis, recovering from a 52-week low of 195thebe. Barclays Bank is now trading at 570thebe from a 52-week low of 520thebe.

Meanwhile, the FCI shed 0.05 percent to 1,132.38 points, despite some gains in African Diamonds, Aviva and CIC Energy.

Editor's Comment
Women unite for progress

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