Dar es Salaam Stock Exchange Week 5, 2025: Turnover Falls 13%, NMB Leads Gains

The Dar es Salaam Stock Exchange (DSE) recorded a total turnover of TZS 6,918.55 million in Week 5, 2025, marking a 13% drop from the previous week. The All Share Index (DSEI) fell by -0.75%, while the Tanzania Share Index (TSI) increased by 1.43%. The Banks, Finance & Investment Index (BI) led sectoral gains, rising by 3.72%, driven by strong performances from NMB (+4.46%) and CRDB (+2.99%), while KCB posted the largest decline at -6.82%.
DSE Dar es Salaam Stock Exchange & TanzaniaInvest Report



The trading week ending Friday, 31st January 2025, at the Dar es Salaam Stock Exchange (DSE) experienced a slowdown in activity, with turnover decreasing by -13% and trading volume falling by nearly -8% compared to the previous week.

Turnover and Volume

The Dar es Salaam Stock Exchange (DSE) recorded a total turnover of TZS 6,918.55 million from 6,953,845 shares traded during Week 5 of 2025.

This marks a -13.01% decrease in turnover from TZS 7,953.60 million in Week 4, while the total trading volume declined by -7.94% from 7,553,612 shares recorded the previous week.

Market Capitalization

At the end of Week 5, 2025, the total market capitalization at the Dar es Salaam Stock Exchange (DSE) stood at TZS 18,529.71 billion, reflecting a -0.74% decrease compared to TZS 18,667.35 billion at the end of Week 4.

Meanwhile, the domestic market capitalization increased to TZS 12,573.57 billion, marking a +1.52% rise from the previous week’s TZS 12,385.71 billion.

Bond Market

The bond market recorded a total turnover of TZS 109.60 billion across 73 deals during Week 5 of 2025. This represents a +4.41% increase from Week 4’s turnover of TZS 104.97 billion in 79 deals.

Government bonds remained the primary driver of activity, with 25-year Treasury bonds dominating trading, particularly those with coupon rates of 15.75% and 15.95%. The 20-year Treasury bonds also saw notable trading volumes, with varying yield levels across transactions.

Meanwhile, corporate bond activity remained limited, with only a few trades recorded in shorter-term issuances.

Indexes

Week 5 of 2025 saw mixed movements among the key indexes at the Dar es Salaam Stock Exchange (DSE). The All Share Index (DSEI) declined by -0.75%, marking a slight downturn in the overall market. In contrast, the Tanzania Share Index (TSI) gained +1.43%, while the Banks, Finance & Investment Index (BI) posted the strongest growth of +3.72%. Meanwhile, the Industrial & Allied Index (IA) and the Commercial Services Index (CS) remained unchanged during the week.

The All Share Index (DSEI) declined by -0.75%, marking a slight downturn in the overall market.

In contrast, the Tanzania Share Index (TSI) gained +1.43%, while the Banks, Finance & Investment Index (BI) posted the strongest growth of +3.72%.

Meanwhile, the Industrial & Allied Index (IA) and the Commercial Services Index (CS) remained unchanged during the week.

IndexClosing Value 24th January 2025Closing Value 31st January 2025Variation
All Share Index (DSEI)2,235.752,218.96-0.75%
Tanzania Share Index (TSI)4,676.604,743.381.43%
Industrial & Allied (IA)5,070.135,070.130.00%
Banks, Finance & Investment (BI)5,943.656,164.623.72%
Commercial Services (CS)2,134.272,134.270.00%

Stock Performances

Week 5 of 2025 saw mixed performance across listed stocks at the Dar es Salaam Stock Exchange (DSE).

NMB led the gainers with a +4.46% increase, followed by NMG at +4.00% and CRDB at +2.99%. AFRIPRISE also posted a gain of +2.33%, while JHL recorded a modest +0.52% rise.

On the downside, KCB recorded the largest decline of -6.82%, followed by EABL with a -4.95% drop. MKCB also saw a decrease of -3.45%, while DSE fell by -0.85%.

Most other stocks, including DCB, TBL, TCC, TPCC, and VODA, remained unchanged throughout the week, indicating relative stability in their trading activity.

StockClosing Price (TZS) 24th January 2025Closing Price (TZS) 31st January 2025Variation %
AFRIPRISE2152202.33%
CRDB6706902.99%
DCB1401400.00%
DSE2,3602,340-0.85%
EABL3,6403,460-4.95%
JATU2652650.00%
JHL3,8303,8500.52%
KA**80800.00%
KCB880820-6.82%
MBP3103100.00%
MCB3103100.00%
MKCB580560-3.45%
MUCOBA4004000.00%
NICO6606600.00%
NMB5,6005,8504.46%
NMG2502604.00%
PAL4004000.00%
SWALA4504500.00%
SWIS1,0001,0000.00%
TBL10,90010,9000.00%
TCC17,00017,0000.00%
TCCL1,8001,8000.00%
TOL6706700.00%
TPCC3,7603,7600.00%
TTP1201200.00%
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%.