Harmony Gold Mining's stock fell sharply by 5.01% during pre-market trading on Friday, reflecting significant downward pressure on the shares.
The decline occurred amid a broad market sell-off driven by escalating tensions in the Middle East, which triggered a sharp surge in oil prices and prompted investors to rotate out of certain sectors. Despite the company having increased its dividend, its shares were caught in the wider downturn as concerns over potential conflict with Iran weighed on market sentiment.