By Damas Makangale, Dar es Salaam, Tanzania

Trading volumes at the Dar es Salaam Stock Exchange (DSE) last week decreased to Tsh 9.731billion ($5,274,000.00) compared to Tsh27.62 billion ($15.85 million) two weeks ago according to DSE weekly market report.

The Dar es Salaam Stock Exchange index closed the week down at 2,668.18 points which 1.26% while all share index ended the week at 5,681.77 points which 1.43% pulled by TBL, TCCL and SWALA that lost Tsh 580, Tsh 1,470 and Tsh 130 per share respectively.

DSE, Business Development Officer, Aleck Ngoshani said the trading decreased due to the fact that most of the giant firms lost their respective share in the market.
He said the week registered a relatively lower turnover and activity level. Week on Week turnover dropped to Tsh 9,731 million, which is 183.91% from previous Tsh 27,629 million.
Ngoshani added whereas shares traded decreased by 73.69% to 5,123,545 compared to the two weeks ago 8,899,449 shares.

He further said that the banking segment index strengthened to close the week at 4,482.89 points, attributed to the price increased at DCB, CRDB and NMB counters.
Ngoshani noted that the industrial and allied index lost to close at 7,269.48 points dragged down by TCCL, SWALA and TBL counters.

“Our last week trading was fantastic due to the number of factors, including the increase of the value of the each shares to the major and giant corporations and firms in the country,” he said.
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