Dar es Salaam Stock Exchange Report – Week 48, 2024: Strong Turnover Despite a Shorter Trading Week

The Dar es Salaam Stock Exchange (DSE) recorded a significant turnover of TZS 7,231.38 million in Week 48 of 2024, despite a shorter trading week. AFRIPRISE led gains with a +2.17% increase, while NMG saw the largest decline at -4.00%. Market capitalization and indexes posted slight declines, reflecting mixed market sentiment.
DSE Dar es Salaam Stock Exchange & TanzaniaInvest Report

The trading week ending Friday, 29th November 2024, at the Dar es Salaam Stock Exchange (DSE) comprised only four trading days. Despite the shorter week, the market saw a significant increase in turnover, driven by activity in CRDB and block trades on Thursday, though market capitalization and indexes posted slight declines.

Turnover and Volume

For the week ending Friday, 29th November 2024, the DSE recorded a total turnover of TZS 7,231.38 million from 2,664,589 shares traded in 1,823 deals.

This represents a +228.97% increase in turnover and a +34.85% increase in volume compared to Week 47, which recorded a turnover of TZS 2,198.14 million from 1,975,819 shares traded.

Stock Trading Activity

The top traded stocks during Week 48 were:

StockShares TradedTurnover (TZS mln)
CRDB1,424,656934.83
TBL824,0008,579.92
NMB158,677848.91
NICO99,68868.78
AFRIPRISE35,7048.46
TCCL2,8902.83
DSE3,1538.5
TPCC1,4685.68

Market Capitalization

At the close of Week 48, the total market capitalization stood at TZS 18,085.49 billion, compared to TZS 18,258.59 billion at the close of Week 47. This represents a -0.95% decrease in total market capitalization.

The domestic market capitalization slightly decreased by -0.02% to TZS 12,206.38 billion, from TZS 12,209.40 billion in Week 47.

Bond Market

The bond market recorded a total turnover of TZS 33.13 billion in 62 deals, primarily driven by trades in 20-year and 25-year government bonds.

This marks a +105.91% increase in bond market turnover compared to Week 47, which saw TZS 16.08 billion traded.

Indexes

      During Week 48, all major indexes on the DSE experienced slight declines except for the Banks, Finance & Investment Index (BI), which saw a marginal increase of +0.01%.

      IndexClosing Value 22nd November 2024Closing Value 29th November 2024Variation
      All Share Index (DSEI)2,187.622,166.89-0.95%
      Tanzania Share Index (TSI)4,609.444,608.30-0.02%
      Industrial & Allied (IA)5,056.095,053.85-0.04%
      Banks, Finance & Investment (BI)5,731.415,731.720.01%
      Commercial Services (CS)2,143.532,142.69-0.04%

      Stock Performances

      During Week 48, AFRIPRISE recorded the only price gain, increasing by +2.17%, signaling positive investor sentiment. On the other hand, NMG posted the largest decline at -4.00%, followed by KCB at -3.75% and DCB at -3.13%.

      StockClosing Price (TZS) 22nd November 2024Closing Price (TZS) 29th November 2024Variation %
      AFRIPRISE (formerly TICL)2302352.17%
      CRDB6506500.00%
      DCB160155-3.13%
      DSE2,4002,4000.00%
      EABL3,6903,590-2.71%
      JATU2652650.00%
      JHL3,4703,4700.00%
      KA**80800.00%
      KCB800770-3.75%
      MBP3403400.00%
      MCB3103100.00%
      MKCB5605600.00%
      MUCOBA4004000.00%
      NICO6906900.00%
      NMB5,3505,3500.00%
      NMG250240-4.00%
      PAL4004000.00%
      SWALA4504500.00%
      SWIS1,2201,200-1.64%
      TBL10,90010,9000.00%
      TCC17,00017,0000.00%
      TCCL1,9601,920-2.04%
      TOL6706700.00%
      TPCC3,6203,6200.00%
      TTP1101100.00%
      USL550.00%
      VODA7707700.00%
      YETU5105100.00%

      **Suspended

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

      Dar es Salaam Stock Exchange Week 9 of 2026: MCB and DCB Soar +33.80% and +23.96% as Market Navigates Two-Day Trading Disruption

      During Week 9 of 2026, the Dar es Salaam Stock Exchange (DSE) experienced an unexpected shortened schedule due to technical challenges that halted trading on Tuesday and Wednesday. Despite the disruption, market sentiment remained aggressively bullish, pushing Total Market Capitalisation to a record TZS 34.64 trillion. While overall equity and bond turnover declined compared to Week 8, the indices surged, led by the Banks, Finance & Investment (BI) Index (+3.55%). MCB and DCB were the top gainers, skyrocketing by +33.80% and +23.96%, respectively.
      DSE Dar es Salaam Stock Exchange & TanzaniaInvest Report
      Read More

      Dar es Salaam Stock Exchange Week 8 of 2026: Equity Turnover Surges by +49.80%, MCB Skyrockets by +52.69%

      During Week 8 of 2026 (February 16th–20th), the Dar es Salaam Stock Exchange (DSE) witnessed robust trading activity, with Equity Turnover surging by +49.80% to TZS 87.80 billion. The Banks, Finance & Investment (BI) Index continued its strong rally, gaining +7.77%. MCB was the standout performer, recording a massive +52.69% price appreciation. The Bond Market also saw a significant increase in activity, generating TZS 167.47 billion in turnover. Total Market Capitalisation expanded to TZS 33.75 trillion.
      DSE Dar es Salaam Stock Exchange & TanzaniaInvest Report
      Read More

      Dar es Salaam Stock Exchange Week 7 of 2026: Equity Turnover Rises to TZS 58.61 Billion as MCB, MKCB, and MBP Post Extraordinary Gains of +46.46%, +43.51%, and +40.49%

      During Week 7 of 2026 (February 9th – 13th), the Dar es Salaam Stock Exchange (DSE) witnessed a spectacular rally in equity prices, pushing the Banks, Finance & Investment (BI) Index up by +10.06%. Three stocks—MCB, MKCB, and MBP—recorded extraordinary gains of over +40% each. Equity Turnover surged by +32.93% to TZS 58.61 billion, while the bond market activity moderated to TZS 105.42 billion after the previous week's record highs. Total Market Capitalisation expanded by +5.90% to reach TZS 32.64 trillion.
      DSE Dar es Salaam Stock Exchange & TanzaniaInvest Report
      Read More

      Dar es Salaam Stock Exchange Week 6 of 2026: Total Market Capitalisation Surpass TZS 30 trillion and Domestic Capitalisation Exceed TZS 20 trillion as Banks Rally

      During Week 6 of 2026, the Dar es Salaam Stock Exchange (DSE) achieved a historic milestone as Total Market Capitalisation crossed the TZS 30 trillion mark, closing at TZS 30.82 trillion, and the Domestic Market Capitalisation crossed the TZS 20 trillion mark, closing at TZS 21.25 trillion. The stock market witnessed explosive growth in the banking sector, the bond market recorded a phenomenal turnover of TZS 258.61 billion. USL was the surprise top gainer, skyrocketing +400.00%, while CRDB and NICO posted robust gains of +22.93% and +21.74%, respectively.