The Latest

Dar es Salaam Stock Exchange Weekly Market Report Friday 22nd December 2023: Turnover Up by 195%

December 24, 2023
2 minute read

For the week ending Friday, December 22nd, 2023 (Week 51), the Dar es Salaam Stock Exchange (DSE) exhibited a major surge in trading activities.

Turnover and Volume

For the week spanning from Monday, 18th December to Friday, 22nd December 2023, the Dar es Salaam Stock Exchange (DSE) reported a total weekly turnover of TZS 11,071.23 million. This is an increase of 195.8% compared to the previous week’s turnover (TZS 3,741.73 million.)

Regarding the volume of shares traded, this reached 20,451,348, which represents an increase of 139.2% compared to the previous week (8,547,127 shares.)

    Market Capitalization

    As of Friday, 22nd December 2023, the Dar es Salaam Stock Exchange’s total market capitalization reached TZS 14,641.21 billion while the Domestic Market Capitalisation reached TZS 11,377.17 billion.

    This is an increase of 0.9% and a decrease of 0.2% respectively compared to the previous week with TZS 14,496.71 billion and TZS 11,401.66 billion.

      Bond Market

      In week 51, the Dar es Salaam Stock Exchange’s total bond market activity was TZS 53.17 billion. This is a decrease of 8% compared to the previous week’s market activity of TZS 57.91 billion.

      Indexes

      The All Share Index (DSEI) and Industrial & Allied (IA) indexes showed positive performances, while the Tanzania Share Index (TSI) and the Banks, Finance & Investment (BI) indexes saw a decrease in their values. The Commercial Services (CS) index showed no variation.

      IndexClosing Value 15th December 2023Closing Value 22nd December 2023Variation
      All Share Index (DSEI)1,736.891,754.201.00%
      Tanzania Share Index (TSI)4,304.514,295.26-0.21%
      Industrial & Allied (IA)5,159.225,162.390.06%
      Banks, Finance & Investment (BI)4,569.874,534.74-0.77%
      Commercial Services (CS)2,147.742,147.740.00%

      Stock Performances

      The best-performing stocks of the week in terms of price variation were KCB (+14.52%), NMG(+10.77%), and DSE (+4.60%).

      StockClosing Price (TZS) 15th December 2023Closing Price (TZS) 22nd December 2023Variation %
      CRDB4604600.00%
      DCB1301300.00%
      DSE1,7401,8204.60%
      EABL1,8201,8602.20%
      JATU2652650.00%
      JHL3,0002,960-1.33%
      KA**80800.00%
      KCB31035514.52%
      MBP3053050.00%
      MCB3103100.00%
      MKCB6306300.00%
      MUCOBA4004000.00%
      NICO4704700.00%
      NMB4,5604,500-1.32%
      NMG32536010.77%
      PAL4004000.00%
      SWALA4504500.00%
      SWIS1,3201,3200.00%
      TBL10,90010,9000.00%
      TCC17,00017,0000.00%
      TCCL2,1002,1000.00%
      TICL1901900.00%
      TOL6606600.00%
      TPCC4,2204,2400.47%
      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.

      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%.