DSE Weekly Market Report Friday 18th August 2023: DSE And CRDB Winners of The Week

The Dar es Salaam Stock Exchange (DSE) observed varied market dynamics during the week ending Friday 18th August 2023, in comparison to the preceding week.

Turnover and Volume

During the week ending Friday, 18th August 2023, the Dar es Salaam Stock Exchange (DSE) registered a total turnover of TZS 1.414 billion from 2,269,083 shares traded in 363 deals.

This is in contrast to the turnover of TZS 1.194 billion from 2,317,592 shares traded in 356 deals during the previous week, marking an increase of 18.4% in turnover.

The bond market for the week recorded a turnover of TZS 44.49 billion from various deals, a slight increase from TZS 44.42 billion during the previous week.

Market Capitalisation

The total market capitalisation as of 18th August 2023 stood at TZS 14,733.48 billion, a decline from TZS 14,911.25 billion as of 11th August 2023.

The domestic market capitalisation closed at TZS 10,946.66 billion.

    Indexes

    IndexClosing Value 11th August 2023Closing Value 18th August 2023Variation
    All Share Index (DSEI)1,788.181,766.86-1.19%
    Tanzania Share Index (TS|)4,130.974,137.540.16%
    Industrial & Allied (IA)5,130.675,120.08-0.21%
    Banks, Finance & Investment (BI)4,019.664,056.640.92%
    Commercial Services (CS)2,161.212,161.210.00%

    Stock Performances

    CompanyClosing Price (TZS) 11th August 2023Closing Price (TZS) 18th August 2023Variation %
    CRDB4604702.17%
    DCB1451450.00%
    DSE1,7201,8608.14%
    EABL2,2602,120-6.19%
    JATU2652650.00%
    JHL3,2002,880-10.00%
    KA**80800.00%
    KCB485465-4.12%
    MBP3503500.00%
    MCB3203200.00%
    MKCB7107100.00%
    MUCOBA4004000.00%
    NICO4804800.00%
    NMB3,6803,6800.00%
    NMG350340-2.86%
    PAL4004000.00%
    SWALA4504500.00%
    SWIS1,6401,6400.00%
    TBL10,90010,9000.00%
    TCC17,00017,0000.00%
    TCCL1,9001,720-9.47%
    TICL1501500.00%
    TOL630620-1.59%
    TPCC4,1204,1200.00%
    TTP1201200.00%
    USL550.00%
    VODA7707700.00%
    YETU5105100.00%
    ** Kenya Airways PLC (KA) suspension from trading on its Primary Market at the Nairobi Securities Exchange (NSE) has been extended from 5th January 2023 to 5th January 2024. Meanwhile, KA shares have also been suspended from trading at the DSE from 6th July 2020 as per rules 57(1) and (2) of the DSE Rules, 2016.

    Winners and Losers

    Winners:

    1. DSE: Increased by +8.14% from TZS 1,720 to TZS 1,860.
    2. CRDB: Increased by +2.17% from TZS 460 to TZS 470.

    Losers:

    1. JHL: Decreased by -10.00% from TZS 3,200 to TZS 2,880.
    2. TCCL: Decreased by -9.47% from TZS 1,900 to TZS 1,720.
    3. EABL: Decreased by -6.19% from TZS 2,260 to TZS 2,120.
    4. KCB: Decreased by -4.12% from TZS 485 to TZS 465.
    5. NMG: Decreased by -2.86% from TZS 350 to TZS 340.
    6. TOL: Decreased by -1.59% from TZS 630 to TZS 620.

    The rest of the companies had no change in their closing prices.

    This market report is courtesy of CORE Securities, a leading brokerage and provider of investment advisory services in capital markets in Tanzania and the SADC Region. For assistance with trading on the Dar es Salaam Stock Exchange (DSE), call +255 22 2123103 or write to info@coresecurities.co.tz.

          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 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%.
          DSE Dar es Salaam Stock Exchange & TanzaniaInvest Report
          Read More

          Dar es Salaam Stock Exchange Week 14 of 2026: Equity Turnover Contracts in a Shortened Week as KA (+15.79%) and JHL (+7.45%) Lead as Best Stock Performers

          During Week 14 of 2026, the Dar es Salaam Stock Exchange (DSE) experienced a pullback in overall equity and ETF trading activity, largely due to a shortened four-day trading week in observance of Good Friday. Total equity turnover dropped by -29.47% to TZS 21.99 billion, while ETF turnover plunged. Conversely, the bond market saw a slight recovery, posting TZS 78.11 billion in turnover. Stock price movements were broadly negative, pulling down the majority of primary indices, though KA led the few gainers by appreciating +15.79%.
          DSE Dar es Salaam Stock Exchange & TanzaniaInvest Report
          Read More

          Dar es Salaam Stock Exchange Week 13 of 2026: Equity Turnover Recovers, TPCC up by +4.73%

          During Week 13 of 2026, the Dar es Salaam Stock Exchange (DSE) experienced a solid recovery in equity market trading, with both turnover and volume increasing significantly compared to Week 12. Total equity turnover grew by +14.38%, driven by consistent block trades and normal board activity, while bond market turnover plummeted by -77.54% following the previous week's highs. Stock price movements were generally subdued, with the primary stock indices recording slight declines except for the Industrial & Allied (IA) Index. TPCC led the week's few gainers by appreciating +4.73%.
          DSE Dar es Salaam Stock Exchange & TanzaniaInvest Report
          Read More

          Dar es Salaam Stock Exchange Week 12 of 2026: Bond Turnover Surges +70.70% as ETF Trading Spikes in a Cooling Equity Market

          During Week 12 of 2026, the Dar es Salaam Stock Exchange (DSE) experienced a pullback in equity trading following the massive volumes of Week 11, while activity in the bond and ETF markets surged significantly. Total equity turnover dropped by -36.13%, but bond turnover climbed a staggering +70.70%. The primary stock indices recorded mixed results, with JHL leading the week's gainers by appreciating +15.00%.