Foreign investors to promote Dar es Salaam Stock Exchange (DSE) activities

The DSE report has shown that foreign investors injected ninety five.3 per cent of the full worth of shares whereas their native counterparts bought solely four.7 per cent of the worth of bought shares.

 

Foreign investors created a robust come back to the Dar es Salaam stock market (DSE) by injecting Sh1 billion through transacting Tanzania Breweries Ltd (TBL) shares.

 

As per the report, the TBL counter had eighty six,230 shares listed at a weighted average value of Sh12,400 per share in sixteen deals.

 

Other active counters were Vodacom Tanzania with a turnover of Sh28.7 million, CRDB bank plc (Sh22.3 million), Tanga Cement company TCCL (Sh1.28 million) and Tanzania Portland cement Company (TPCC) with Sh20,000.

 

Foreigners conjointly dominated sales once floating ninety one.1 per cent of all shares value Sh1.02 billion.