After suffering its steepest losses in over six years on Thursday, the Johannesburg Securities Exchange (JSE) rebounded strongly on Friday, boosted by a turnaround in emerging markets and a pickup in commodity prices.

It was nevertheless the bourse's worst week since July 2002.

The all share index closed 4.94 percent higher at 19,324.72. Financials firmed 6.17 percent, with the banks index rocketing 9. 01 percent.

Resources rallied 5.5 percent, the platinum mining index soared 8.55 percent and the gold mining index leaped 5.53 percent. Industrials were 3.46 percent stronger.

The rand was bid at 6.69 per U.S. dollar from 6.79 when the JSE closed on Thursday, while gold was quoted at 614.55 dollars a troy ounce from 613.45 dollars at the JSE's last close.

On the all share index, 99 shares were up, 16 were unchanged and 45 were down. The entire Top 40 index ended higher.

Despite Friday's gains, the all share index was down 7.43 percent for the week. It is 6.03 percent weaker for June but remains 6.59 percent stronger for the year.

Source: Xinhua