Zimbabwe markets plunge 11% after Mugabe victory

Zimbabwe's main stock market index fell 11 percent on Monday in its first trading day since official results confirmed President Robert Mugabe would extend his 33 years in power.

The industrial index fell to 205.57 points in the mid-morning session, with all the top-ten shares save for the local unit of insurance giant Old Mutual trading in the red.

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Concern over Mugabe vote win

Robert Mugabe has been declared the winner of Zimbabwe's election amid international concern over the conduct of the poll that secured his re-election.