Dar es Salaam Stock Exchange Report – Week 45, 2024: Little Activity, EABL Leads Gains, JHL Biggest Loss

DSE Dar es Salaam Stock Exchange & TanzaniaInvest Report

The trading week ending Friday, 8th November 2024, at the Dar es Salaam Stock Exchange (DSE) saw a significant decrease in activity compared to the previous week, with CRDB leading the trades.

Turnover and Volume

For the week ending Friday, 8th November 2024, the DSE recorded a total turnover of TZS 1,092.16 million from 1,597,956 shares traded in 3,206 deals.

This represents a -95.64% decrease in turnover and a -92.42% decrease in volume compared to Week 44, which saw a turnover of TZS 25,076.51 million from 21,102,099 shares traded.

Week 44’s figures were boosted by pre-arranged trades, particularly in CRDB, which was not a significant factor this week.

    Stock Trading Activity

    The top traded stocks during Week 45 were:

    1. CRDB: 1,365,831 shares traded, totaling TZS 926.26 million.
    2. DCB: 106,212 shares traded, totaling TZS 16.99 million.
    3. NICO: 34,718 shares traded, totaling TZS 24.44 million.
    4. AFRIPRISE: 44,831 shares traded, totaling TZS 10.76 million.
    5. NMB: 2,669 shares traded, totaling TZS 14.44 million.
    6. DSE: 10,334 shares traded, totaling TZS 24.99 million.
    7. VODA: 2,440 shares traded, totaling TZS 1.81 million.
    8. TBL: 340 shares traded, totaling TZS 3.54 million.
    9. TCCL: 21,860 shares traded, totaling TZS 43.29 million.
    10. TPCC: 5,666 shares traded, totaling TZS 20.39 million.
    11. SWIS: 1,450 shares traded, totaling TZS 1.74 million.
    12. TCC: 120 shares traded, totaling TZS 1.94 million.
    13. PAL: 500 shares traded, totaling TZS 0.18 million.

    Market Capitalization

    At the close of Week 45, the total market capitalization stood at TZS 18,538.32 billion, compared to TZS 18,449.68 billion at the close of Week 44.

    This represents a +0.48% increase in total market capitalization.

      However, the domestic market capitalization saw a slight decline of -0.12% to TZS 12,286.40 billion, from TZS 12,300.89 billion in Week 44.

        Bond Market

        The bond market saw higher activity in Week 45, with a total turnover of TZS 53.45 billion from 93 deals.

        This marks a +65.15% increase in bond market turnover compared to Week 44, which had TZS 32.37 billion traded.

          Government bonds, particularly the 20-year and 25-year issues, dominated trading, while corporate bond activity remained limited with a few small trades throughout the week.

          Indexes

          At the close of Week 45 in 2024, the All Share Index (DSEI) outperformed the others, while the Banks, Finance & Investment (BI) sector experienced the largest decline in value.

          IndexClosing Value 1st November 2024Closing Value 8th November 2024Variation
          All Share Index (DSEI)2,210.512,221.130.48%
          Tanzania Share Index (TSI)4,643.994,638.52-0.12%
          Industrial & Allied (IA)5,042.305,054.040.23%
          Banks, Finance & Investment (BI)5,865.445,830.62-0.60%
          Commercial Services (CS)2,143.532,143.530.00%

          Stock Performances

          At the close of Week 45 in 2024, EABL recorded the highest price gain at 2.89%, while the biggest loser of the week was JHL, which declined by -5.65%.

          StockClosing Price (TZS) 1st November 2024Closing Price (TZS) 8th November 2024Variation %
          AFRIPRISE (formerly TICL)2402400.00%
          CRDB680670-1.47%
          DCB165160-3.03%
          DSE2,4202,4200.00%
          EABL3,8003,9102.89%
          JATU2652650.00%
          JHL3,5403,340-5.65%
          KA**80800.00%
          KCB8008101.25%
          MBP3403400.00%
          MCB3103100.00%
          MKCB5405400.00%
          MUCOBA4004000.00%
          NICO720700-2.78%
          NMB5,4005,4000.00%
          NMG2902951.72%
          PAL4004000.00%
          SWALA4504500.00%
          SWIS1,2201,2200.00%
          TBL10,90010,9000.00%
          TCC17,00017,0000.00%
          TCCL1,9401,9802.06%
          TOL6706700.00%
          TPCC3,5403,6001.69%
          TTP1101100.00%
          USL550.00%
          VODA7707700.00%
          YETU5105100.00%
          **Suspended

          Want to know more about the Capital Markets in Tanzania? Our free Tanzania Business and Investment Guide 2026 covers the Capital Markets, plus regulations, key sectors, and investment opportunities — all in one place.

          Download Free Guide
          Related Posts
          DSE Dar es Salaam Stock Exchange & TanzaniaInvest Report
          Read More

          Dar es Salaam Stock Exchange Week 17 of 2026: Equity Turnover Drops to TZS 31.60 Billion as AFRIPRISE Stands as the Only Positive Performer (+0.63%)

          During Week 17 of 2026, the Dar es Salaam Stock Exchange experienced a broad contraction in liquidity, with total equity turnover dropping by -11.30% to TZS 31.60 billion and bond turnover falling by -64.94%. Market sentiment was overwhelmingly bearish, pulling down all primary indices, though AFRIPRISE defied the trend to lead as the only advancing stock, gaining +0.63%.
          Tanzania Building African Financial Markets Forum (BAFM) 2026 July
          Read More

          Building African Financial Markets Forum (BAFM): 1-3 July 2026, Dar es Salaam

          Tanzania will host the 13th edition of the Building African Financial Markets (BAFM) Forum on 1-3 July 2026 in Dar es Salaam, jointly organized by the Dar es Salaam Stock Exchange (DSE) and the African Securities Exchanges Association (ASEA). The forum will convene CEOs of African stock exchanges, regulators, pension funds, brokers, and development finance institutions, including AfDB, IFC, and the World Bank, to discuss liquidity, fintech, cross-border listings, AfCFTA capital flows, ESG instruments, ETFs, REITs, and SME platforms.
          DSE Dar es Salaam Stock Exchange & TanzaniaInvest Report
          Read More

          Dar es Salaam Stock Exchange Week 16 of 2026: Equity Turnover Surges as MBP (+12.61%) Leads as Best Stock Performer

          During Week 16 of 2026, the Dar es Salaam Stock Exchange (DSE) experienced a massive resurgence in liquidity across multiple asset classes. Total equity turnover soared by 156.63% to TZS 35.62 billion, driven by substantial block trades in CRDB. Share volume also expanded significantly, jumping +73.13% from the previous week. The bond market saw an even more dramatic expansion, with turnover skyrocketing by +780.56% to TZS 256.42 billion. Despite the influx of capital and robust trading activity, market sentiment remained bearish for equities. This widespread negative price movement resulted in contractions across all primary DSE indices. Among the few bright spots in the market, MBP emerged as the week’s biggest winner, appreciating by +12.61%.
          DSE Dar es Salaam Stock Exchange & TanzaniaInvest Report
          Read More

          Dar es Salaam Stock Exchange Week 15 of 2026: Equity Turnover Contracts in a 3-Day Week as KA (+27.27%) and PAL (+18.68%) Lead as Best Stock Performers

          During Week 15 of 2026, the Dar es Salaam Stock Exchange (DSE) experienced a pullback in overall equity, ETF, and bond trading activity, primarily due to a shortened three-day trading week in observance of Easter Monday and Karume Day. Total equity turnover dropped by -36.88% to TZS 13.88 billion, and share volume decreased by -6.39% compared to the prior week. The ETF market also saw a turnover decline of -21.52%, while the bond market contracted sharply by -62.72% to post TZS 29.12 billion in turnover. Despite the reduced liquidity, stock price movements were overwhelmingly positive, lifting all primary indices across the board. KA led the gainers by appreciating +27.27%, followed by PAL, which gained +18.68%.