The Latest

Dar es Salaam Stock Exchange Report Week 4 of 2024: DCB Up by 3.85%, KCB Down by -7.35%

January 27, 2024
2 minute read

The trading week from Monday 22nd to Friday 26th January 2024 at the Dar es Salaam Stock Exchange (DSE) exhibited a continued decrease in both total turnover and trading volume.

Turnover and Volume

In week 4, the Dar es Salaam Stock Exchange (DSE) witnessed a total weekly turnover of TZS 1,406.91 million. This represents a decrease of approximately 22.8% compared to the previous week’s turnover of TZS 1,822.67 million.

The total volume of shares traded during the week amounted to 1,975,833, showing a decline of about 42.1% compared to the previous week’s trading volume of 3,412,896.

Most Active Stocks

The most traded stocks of the week were CRDB, NMB, and TCCL.

The total number of shares traded for each stock during the week is as follows:

  1. CRDB: 1,501,594 shares
  2. NMB: 71,933 shares
  3. TCCL: 71,908 shares
  4. TOL: 59,450 shares
  5. NICO: 46,638 shares
  6. TICL: 27,250 shares
  7. VODA: 25,289 shares
  8. DSE: 25,101 shares
  9. DCB: 13,109 shares
  10. TPCC: 3,569 shares
  11. SWIS: 1,358 shares
  12. MCB: 578 shares
  13. TBL: 110 shares
  14. PAL: 85 shares

    Market Capitalization

    As of Friday, 26th January 2024, the Dar es Salaam Stock Exchange’s total market capitalization amounted to TZS 14,215.33 billion, and the domestic market capitalization was TZS 11,361.92 billion.

    This indicates a decrease of 2.28% in the total market capitalization and an increase of 0.24% in the domestic market capitalization when compared to the data from Thursday, 19th January 2024 (TZS 14,547.16 billion and TZS 11,361.68 billion).

      Bond Market

      In Week 4 of 2024, the Dar es Salaam Stock Exchange’s total bond market activity reached TZS 27.47 billion, covering both government and corporate bonds.

      This indicates a decrease of approximately 57% compared to the previous week’s total of TZS 63.89 billion.

      Indexes

      The All Share Index (DSEI) saw a decrease of -2.28% while the Banks, Finance & Investment (BI) Index saw a negligible increase of 0.01%.

      The other indexes experienced no weekly variation.

      IndexClosing Value 19th January 2024Closing Value 26th January 2024Variation
      All Share Index (DSEI)1,742.921,703.16-2.28%
      Tanzania Share Index (TSI)4,289.414,289.510.00%
      Industrial & Allied (IA)5,148.265,148.260.00%
      Banks, Finance & Investment (BI)4,539.054,539.340.01%
      Commercial Services (CS)2,144.372,144.370.00%

      Stock Performances

      DCB and DSE were the only stocks to show an increase in price from the previous week.

      DCB’s stock price increased by 3.85% from TZS 130 to TZS 135, and DSE’s stock price increased by 1.11% from TZS 1,800 to TZS 1,820.

      KCB, TICL, NMG, JHL, and EABL all showed a decrease in their stock value.

      The worst-performing stock was KCB with a price decrease of -7.35%.

      StockClosing Price (TZS) 19th January 2024Closing Price (TZS) 26th January 2024Variation %
      CRDB4604600.00%
      DCB1301353.85%
      DSE1,8001,8201.11%
      EABL1,8401,820-1.09%
      JATU2652650.00%
      JHL2,8002,760-1.43%
      KA**80800.00%
      KCB340315-7.35%
      MBP3053050.00%
      MCB3103100.00%
      MKCB6306300.00%
      MUCOBA4004000.00%
      NICO5105100.00%
      NMB4,5004,5000.00%
      NMG325310-4.62%
      PAL4004000.00%
      SWALA4504500.00%
      SWIS1,2401,2400.00%
      TBL10,90010,9000.00%
      TCC17,00017,0000.00%
      TCCL2,3002,3000.00%
      TICL200190-5.00%
      TOL6606600.00%
      TPCC4,0804,0800.00%
      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 5 January, 2023 to 5 January, 2024. Meanwhile, KA shares have also been suspended from trading at the DSE from 6*” July, 2020 as per rule 57(1) and (2) of the DSE Rules, 2016.

        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
        Tweet
        Share
        Share
        Share
        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%.