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Zimbabwe stock market tumbles after disputed poll

A woman looks through her window in Mbare, Harare, Monday, August, 5, 2013. Zimbabwean President Robert Mugabe, 89, won another mandate to rule the country for the next five years after receiving more than 60 percent of the vote beating his main challenger Morgan Tsvangirai who has declared the election null and void and vowed to fight the outcome in courts.(AP Photo/Tsvangirayi Mukwazhi)

HARARE, Zimbabwe (AP) — Brokers in Zimbabwe say stock prices have tumbled sharply, reflecting mounting worries over the troubled economy after President Robert Mugabe won bitterly disputed elections.

A woman looks through her window in Mbare, Harare, Monday, August, 5, 2013. Zimbabwean President Robert Mugabe, 89, won another mandate to rule the country for the next five years after receiving more than 60 percent of the vote beating his main challenger Morgan Tsvangirai who has declared the election null and void and vowed to fight the outcome in courts.(AP Photo/Tsvangirayi Mukwazhi)

The official Zimbabwe Stock Exchange said Monday some of the nation’s top companies lost up to 20 percent on their share price on the first full day of trading day since Wednesday’s election, the biggest fall since the last violent and disputed elections in 2008. Soon after those elections, the country abandoned its own currency and adopted the U.S. dollar to stop world record inflation.

Brokers were leaving the trading floor in downtown Harare, once seen as one of Africa’s most vibrant. One official said there are no new buyers in sight.

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