Tanzania Weekly Market Report 9th to 13th June, 2014

According to the Weekly Market Report of the trading week ending on 13th June, 2014 issued by CORE Securities, named East Africa Best Advisory Brokerage by Capital Finance International, the Dar Es Salaam Stock Exchange total turnover in the market increased by +110% to TZS 1,686.55 million from TZS 804.60 million the previous week.

Both local and foreign investors participated in the market. Foreign Investors participated by 0.12% while Local Investors by 99.88%.

On Friday 13th June 2014 TSI Closed at 3,305.07(+2.87%), IA closed at 3,801.18 (+2.76%) and BI Closed at 3,199.47 (+3.28%) points.

Most of activities were seen on CRDB, TBL & NMB counters.

Gold 

On Friday 13th June, Gold Closing Spot Price was up by +2.32% compared to a week earlier, reaching TZS 69,243.62 per gram.

Forex

On Friday 13th June 1USD=TZS 1,651.06 (BOT mean rate), represanting an appreciation of +0.13% for the tanzanian shilling, compared to a week earlier.

Inflation

The annual headline inflation rate for the month of May 2014 increased to 6.5 % from 6.3% in April 2014.

The full copy of CORE Securities Market Report is made available by TanzanaInvest.com:  

http://tanzaniainvest.com/downloads/Tanzania-Weekly-Market-Report-9-13-JUNE-2014.pdf