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South Africa key stock index up 0.6 pct

Xinhua, April 5, 2016 Adjust font size:

Most stocks in South Africa's Johannesburg Stock Exchange ended on a positive note at the close of the market on Monday, with the All Share index up 0.6 percent, rounding off the day at 51,895.14.

The Top 40 companies also went up by 0.63 percent at 45,772.49. Industrials ended by rising by 0.73 percent at 70,561.24 while resources and financials went up by 0.27 percent and 0.47 percent, respectively.

Major commodities saw minor changes with gold closing at 1,220.36 U.S. dollars per ounce while oil closed at 38.82 dollars per barrel.

The market opened with the South African currency Rand under pressure against the U.S. dollar on Monday, ahead of Tuesday's parliamentary debate over a motion to impeach President Jacob Zuma.

The Rand was down by 0.5 percent at 14.76 to the dollar when the stocks opened for trading in the morning.

The country's constitutional court last week ruled that Zuma violated the constitution by failing to pay back public funds spent on the upgrade at his home.

Parliament's Tuesday discussion of a motion to impeach president Jacob Zuma is likely to keep the market on the edge. Endit