DAR ES SALAAM STOCK EXCHANGE
Market Report
Tuesday, 23
rd
December 2025
DSE recorded a tot al turnover of TZS 1,196.19 million from 870,407 shares traded in 1,882 deals, TZS 145.25 million from
358,167 ETF shares traded in 722 deals; and TZS 123.40 billion from bonds traded in 83 deals.
On the Normal Board, AFRIPRISE counter had 76,838 shares traded at a weighted average price of TZS 455 per share in 148
deal(s). CRDB counter had 663,265 shares traded at a weighted average price of TZS 1,390 per share in 950 deal(s). DCB
counter had 28,635 shares traded at a weighted average price of TZS 235 per share in 109 deal(s). DSE counter had 1,704
shares traded at a weighted average price of TZS 6,890 per share in 38 deal(s). KCB counter had 2,705 shares traded at a
weighted average price of TZS 1,350 per share in 3 de al(s). MBP counter had 1,362 shares traded at a weighted average price of
TZS 700 per share in 14 deal(s). MCB counter had 598 shares traded at a weighted average price of TZS 455 per share in 10
deal(s). MKCB counter had 4,495 shares traded at a weighted average price of TZS 2,320 per share in 27 deal(s). MUCOBA
counter had 359 shares traded at a weighted average price of TZS 435 per share in 9 deal(s). NICO counter had 13,071 shares
traded at a weighted average price of TZS 1,780 per share in 93 deal(s). NMB counter had 5,496 shares traded at a weighted
average price of TZS 8,360 per share in 103 deal(s). PAL counter had 5,318 shares traded at a weighted average price of TZS
250 per share in 43 deal(s). SWIS counter had 855 shares traded at a weighted average price of TZS 2,000 per share in 21
deal(s). TBL counter had 173 shares traded at a weighted average price of TZS 8,450 per share in 6 deal(s). TCC counter had
1,520 shares traded at a weighted average price of TZS 9,960 per share in 30 deal(s). TCCL counter had 37,332 shares traded at
a weighted average price of TZS 2,310 per share in 19 deal(s). TOL counter had 1,295 shares traded at a weighted average price
of TZS 1,060 per share in 19 deal(s). TPCC counter had 2,551 shares traded at a weighted average price of TZS 6,030 per share
in 37 deal(s). TTP counter had 769 shares traded at a weighted average price of TZS 400 per share in 16 deal(s). VODA counter
had 24,771 shares traded at a weighted average price of TZS 625 per share in 190 deal(s).
On the ETF Board, VERTEX-ETF counter had 358,167 shares traded at a weighted average price of TZS 405 per share in 722
deal(s).
On the Government Bonds Board, a 5-year bond with a coupon rate of 10.75% and a face value of TZS 5.30 bln was traded at prices of
103.2533% and 109.6356% in 2 deal(s), a 10-year bond with a coupon rate of 11.44% and a face value of TZS 7.18 bln was traded at
prices of 107.9532% and 109.0697% in 2 deal(s), a 10-year bond with a coupon rate of 14.00% and a face value of TZS 0.01 bln was
traded at a price of 110.0001% in 1 deal(s), a 15-year bond with a coupon rate of 12.75% and a face value of TZS 0.00 bln was traded at
a price of 106.5475% in 1 deal(s), a 15-year bond with a coupon rate of 13.50% and a face value of TZS 104.35 bln was traded at
prices of 95.5711%, 95.6956%, 98.7000%, 100.2195% and 100.8427% in 5 deal(s), a 20-year bond with a coupon rate of 13.00% and
a face value of TZS 1.08 bln was traded at prices of 100.0000%, 107.3344%, 107.3346%, 107.3347%, 108.4997% and 108.5000% in
31 deal(s), a 20-year bond with a coupon rate of 14.00% and a face value of TZS 0.20 bln was traded at a price of 117.2001% in 1
deal(s), a 20-year bond with a coupon rate of 15.25% and a face value of TZS 0.02 bln was traded at a price of 123.0000% in 2 deal(s),
a 20-year bond with a coupon rate of 15.49% and a face value of TZS 5.00 bln was traded at prices of 100.0000%, 102.7543%,
110.0001%, 122.6456%, 123.6414% and 137.3454% in 31 deal(s), a 25-year bond with a coupon rate of 15.00% and a face value of
TZS 0.01 bln was traded at a price of 110.0001% in 2 deal(s), a 25-year bo nd with a coupon rate of 15.75% and a face value of TZS
0.12 bln was traded at prices of 120.0130% and 133.6897% in 2 deal(s), while a 25-year bond with a coupon rate of 15.95% and a face
value of TZS 0.13 bln was traded at prices of 126.7236% and 132.4961% in 2 deal(s).
On the Corporate Bonds Board, a 5-year bond with a coupon rate of 12.00% and a face value of TZS 0.50 mln was traded at a price of
100.0000% in 1 deal(s).
Equities Market Turnover (in million TZS)
23 Dec 25 Oct -Dec 25 Jul -Sept 25 Oct -Dec 24
Total Turnover 1,199.84 107,814.89 248,636.49 101,122.13
Turnover from Shares Bought by 373.79 17,333.87 49,034.28 4,031.66
Foreign Investors:
%Buying Local Investors 68.85 83.92 80.28 96.01
%Buying Foreign Investors 31.15 16.08 19.72 3.99
Turnover from Shares Sold by 8.91 35,696.76 114,911.38 31,158.83
Foreign Investors:
%Selling Local Investors 99.26 66.89 53.78 69.19
%Selling Foreign Investors 0.74 33.11 46.22 30.81
ETF Market Turnover (in million TZS)
23 Dec 25 Oct -Dec 25 Jul -Sept 25 Oct -Dec 24
Total Turnover 145.25 3,594.68
Turnover from Shares Bought by 0.00 3.91
Foreign Investors:
%Buying Local Investors 100.00 99.89
%Buying Foreign Investors 0.00 0.11
Turnover from Shares Sold by 0.00 0.00
Foreign Investors:
%Selling Local Investors 100.00 100.00
%Selling Foreign Investors 0.00 0.00
Value of Government Bonds Traded (in billions TZS)
23 Dec 25 Oct - Dec 25 Jul - Sept 25 Oct - Dec 24
Face Value
Transaction Value
123.40
121.10
1,592.13
1,748.12
1,525.24
1,614.67
946.48
994.64
Value of Corporate Bonds Traded (in Million TZS)
23 Dec 25 Oct - Dec 25 Jul - Sept 25 Oct - Dec 24
Face Value
Transaction Value
0.50
0.50
2,889.71
2,747.62
2,299.10
2,193.11
1,129.26
999.78
Key Market Indicators:
23 Dec 25 28 Nov 25 31 Dec 24
Total Market Capitalisation (TZS bln) 23,414.10 22,312.50 17,868.17
Domestic Market Capitalisation (TZS bln) 14,999.53 13,897.92 12,243.37
ETF Market Capitalisation (TZS bln)
13.77 10.54 0
Outstanding Government Bonds (TZS bln)
32,72 4.79 29,704.84
25,215.23
Outstanding Corporate Bonds (TZS bln)
316.48 176.24 59.07
Outstanding Sustainable Bonds (TZS bln)
459.04 459.04 459.04
Outstanding Sustainable Bonds (USD mln)
186.05 153.74 73.00
Outstanding Sub-national Bonds (TZS bln)
53.12 53.12
53.12
Outstanding Sukuk Bonds (TZS bln)
290.5 175.64 11.04
Outstanding Infrastructure Bonds (TZS bln)
323.09 323.09 0
All Share Index (DSEI) 2,695.02 2,568.20 2,139.73
Tanzania Share Index (TSI) 5,544.56 5,137.35 4,618.78
Industrial & Allied (IA) 4,231.17 4,124.00 5,044.80
Banks, Finance & Investment (BI) 10,376.21 9,307.76 5,783.87
Commercial Services (CS) 1,791.08 1,654.63 2,138.48
Exchange Rate:
23 Dec 25 28 Nov 25 31 Dec 24
TZS/USD (BOT Mean Rate) 2,446.10 2,437.31 2,394.76
TZS/KE (BOT Mean Rate) 18.96 18.76 18.53
TZS/GBP (BOT Mean Rate) 3,289.03 3,226.76 3,015.60
S. MREMA
For: CH IEF EXECUTIVE OFFICER
Dar es Salaam Stock Exchange
Box 70081,
2nd Floor, Exchange Tower, NHC Morocco Square, Dar es Salaam
Division: Equity & Fixed Income Markets
Web: www.dse.co.tz
Fax: +255 22 2133849
Tel: 255 22 2123983
Email: info@dse.co.tz
EQUITY DAILY PRICES
DATE: 23-December-2025
Co.
Opening Price
(TZS)
Closing Price
(TZS)
High
(TZS)
Low
(TZS)
Deals
Volume
Market Cap (TZS)
Billions
Outstanding
Bids
Outstanding
Offers
AFRIPRISE
455
455
455
450
148
76,838
66.45
2,737
10,768
CRDB
1,340
1,390
1,400
1,360
950
663,265
3,630.46
153,878
28,286
DCB
240
235
255
230
109
28,635
45.02
35,358
11,542
DSE
6,940
6,890
6,950
6,700
38
1,704
164.15
2,029
4,968
EABL
4,160
4,160
0
0
0
0
3,289.62
0
0
JATU
265
265
0
0
0
0
5.28
0
0
JHL
6,400
6,400
0
0
0
0
463.83
0
0
KA
105
105
0
0
0
0
596.55
0
0
KCB
1,350
1,350
1,350
1,350
3
2,705
4,009.96
70
14,254
MBP
730
700
700
700
14
1,362
20.99
131
2,231
MCB
480
455
480
445
10
598
28.13
9
30,795
MKCB
2,380
2,320
2,390
2,200
27
4,495
54.65
342
2,960
MUCOBA
435
435
435
410
9
359
14.21
0
24,404
NICO
1,780
1,780
1,800
1,700
93
13,071
109.73
9,043
20,007
Co.
Opening Price
(TZS)
Closing Price
(TZS)
High
(TZS)
Low
(TZS)
Deals
Volume
Market Cap (TZS)
Billions
Outstanding
Bids
Outstanding
Offers
NMB
8,420
8,360
8,380
8,300
103
5,496
4,180.00
16,743
17,565
NMG
280
280
0
0
0
0
52.79
0
0
PAL
250
250
250
235
43
5,318
40.12
2,425
27,770
SWALA
450
450
0
0
0
0
47.79
0
0
SWIS
2,000
2,000
2,000
1,990
21
855
72.00
209
6,580
TBL
8,300
8,450
8,450
8,450
6
173
2,493.22
1,662
0
TCC
10,000
9,960
10,000
9,920
30
1,520
996.00
10,557
431
TCCL
2,400
2,310
2,400
2,300
19
37,332
441.24
1,576
11,360
TOL
1,000
1,060
1,100
950
19
1,295
60.96
925
15,697
TPCC
6,030
6,030
6,050
5,910
37
2,551
1,084.94
2,484
5,498
TTP
400
400
400
390
16
769
38.02
1,733
4,079
USL
5
5
0
0
0
0
1.82
0
0
VODA
620
625
635
600
190
24,771
1,400.00
131,260
3,486
YETU
510
510
0
0
0
0
6.18
0
0
Total
1,885
873,112
23,414.10
Dar es Salaam Stock Exchange
Box 70081,
2nd Floor, Exchange Tower, NHC Morocco Square, Dar es Salaam
Division: Equity & Fixed Income Markets
Web: www.dse.co.tz
Fax: +255 22 2133849
Tel: 255 22 2123983
Email: info@dse.co.tz
ETF DAILY PRICES
DATE: 23-December-2025
Co.
Opening Price
(TZS)
Closing Price
(TZS)
High
(TZS)
Low
(TZS)
Deals
Volume
Market Cap (TZS)
Billions
Outstanding
Bids
Outstanding
Offers
VERTEX-ETF
405
405
425
390
722
358,167
13.77
15,605
353,415
Total
722
358,167
13.77
Dar Es Salaam Stock Exchange
Box 70081,
2nd Floor, Exchange Tower, NHC Morocco Square, Dar es Salaam
Division:Equity & Fixed Income Markets
Web: www.dse.co.tz
Fax: +255 22 2133849
Tel: 255 22 2123983
Email: info@dse.co.tz
Daily Price Information
Bond No.
Term
(Years)
Coupon
(%)
Issue Date Maturity Date DealsTrade Date
Amount
(Bln TZS)
Price
(%)
Yield
675 25 15.00 07/08/2025 07/08/2050 123/12/2025
0.00200
110.0001 14.3424
675 25 15.00 07/08/2025 07/08/2050 123/12/2025
0.01000
110.0001 14.3424
543 15 13.50 09/09/2020 10/09/2035 123/12/2025
50.00000
98.7000 14.5329
555 15 13.50 21/01/2021 29/01/2036 123/12/2025
1.70000
100.2195 14.5455
486 10 11.44 27/09/2018 27/09/2028 123/12/2025
2.17540
107.9532 8.8318
467 10 11.44 03/01/2018 04/01/2028 123/12/2025
5.00000
109.0697 8.8258
689 5 10.75 27/11/2025 27/11/2030 123/12/2025
1.30000
109.6356 0.0000
689 5 10.75 27/11/2025 27/11/2030 123/12/2025
4.00000
103.2533 0.0000
551 15 13.50 26/11/2020 03/12/2035 123/12/2025
50.00000
95.5711 14.5470
535 20 15.49 21/05/2020 21/05/2040 123/12/2025
0.20000
102.7543 14.6645
535 20 15.49 21/05/2020 21/05/2040 123/12/2025
0.20000
102.7543 14.6645
535 20 15.49 21/05/2020 21/05/2040 123/12/2025
0.25000
102.7543 14.6645
535 20 15.49 21/05/2020 21/05/2040 123/12/2025
0.25000
102.7543 14.6645
535 20 15.49 21/05/2020 21/05/2040 123/12/2025
0.15000
102.7543 14.6645
535 20 15.49 21/05/2020 21/05/2040 123/12/2025
0.15000
102.7543 14.6645
535 20 15.49 21/05/2020 21/05/2040 123/12/2025
0.20000
102.7543 14.6645
535 20 15.49 21/05/2020 21/05/2040 123/12/2025
0.15000
102.7543 14.6645
535 20 15.49 21/05/2020 21/05/2040 123/12/2025
0.15000
102.7543 14.6645
535 20 15.49 21/05/2020 21/05/2040 123/12/2025
0.15000
102.7543 14.6645
535 20 15.49 21/05/2020 21/05/2040 123/12/2025
0.15000
102.7543 14.6645
535 20 15.49 21/05/2020 21/05/2040 123/12/2025
0.15000
102.7543 14.6645
535 20 15.49 21/05/2020 21/05/2040 123/12/2025
0.15000
102.7543 14.6645
535 20 15.49 21/05/2020 21/05/2040 123/12/2025
0.20000
102.7543 14.6645
535 20 15.49 21/05/2020 21/05/2040 123/12/2025
0.20000
102.7543 14.6645
535 20 15.49 21/05/2020 21/05/2040 123/12/2025
0.15000
102.7543 14.6645
535 20 15.49 21/05/2020 21/05/2040 123/12/2025
0.15000
102.7543 14.6645
535 20 15.49 21/05/2020 21/05/2040 123/12/2025
0.15000
102.7543 14.6645
535 20 15.49 21/05/2020 21/05/2040 123/12/2025
0.25000
102.7543 14.6645
535 20 15.49 21/05/2020 21/05/2040 123/12/2025
0.15000
102.7543 14.6645
535 20 15.49 21/05/2020 21/05/2040 123/12/2025
0.20000
102.7543 14.6645
535 20 15.49 21/05/2020 21/05/2040 123/12/2025
0.20000
102.7543 14.6645
535 20 15.49 21/05/2020 21/05/2040 123/12/2025
0.15000
102.7543 14.6645
Bond No.
Term
(Years)
Coupon
(%)
Issue Date Maturity Date DealsTrade Date
Amount
(Bln TZS)
Price
(%)
Yield
535 20 15.49 21/05/2020 21/05/2040 123/12/2025
0.15000
102.7543 14.6645
535 20 15.49 21/05/2020 21/05/2040 123/12/2025
0.25000
102.7543 14.6645
535 20 15.49 21/05/2020 21/05/2040 123/12/2025
0.15000
102.7543 14.6645
544 20 15.49 17/09/2020 24/09/2040 123/12/2025
0.01100
122.6456 12.6736
544 20 15.49 17/09/2020 24/09/2040 123/12/2025
0.01000
110.0001 14.5022
544 20 15.49 17/09/2020 24/09/2040 123/12/2025
0.00500
123.6414 12.5428
561 25 15.95 22/04/2021 22/04/2046 123/12/2025
0.11000
132.4961 11.8458
667 10 14.00 22/01/2025 23/01/2035 123/12/2025
0.01000
110.0001 13.1990
536 15 13.50 04/06/2020 04/06/2035 123/12/2025
1.42140
95.6956 14.5124
666 25 15.75 08/01/2025 09/01/2050 123/12/2025
0.05000
120.0130 13.8918
666 25 15.75 08/01/2025 09/01/2050 123/12/2025
0.07200
133.6897 12.2926
678 20 14.00 04/09/2025 04/09/2045 123/12/2025
0.20000
117.2001 12.2349
693 20 13.00 18/12/2025 18/12/2045 123/12/2025
0.00490
107.3346 10.5866
693 20 13.00 18/12/2025 18/12/2045 123/12/2025
0.00490
107.3346 10.5866
693 20 13.00 18/12/2025 18/12/2045 123/12/2025
0.02020
107.3346 10.5866
693 20 13.00 18/12/2025 18/12/2045 123/12/2025
0.00490
107.3346 10.5866
693 20 13.00 18/12/2025 18/12/2045 123/12/2025
0.10480
107.3346 10.5866
693 20 13.00 18/12/2025 18/12/2045 123/12/2025
0.02500
107.3346 10.5866
693 20 13.00 18/12/2025 18/12/2045 123/12/2025
0.01110
108.5000 10.4251
693 20 13.00 18/12/2025 18/12/2045 123/12/2025
0.01000
107.3346 10.5866
693 20 13.00 18/12/2025 18/12/2045 123/12/2025
0.00750
107.3346 10.5866
693 20 13.00 18/12/2025 18/12/2045 123/12/2025
0.02490
108.5000 10.4251
693 20 13.00 18/12/2025 18/12/2045 123/12/2025
0.00500
100.0000 11.6723
693 20 13.00 18/12/2025 18/12/2045 123/12/2025
0.10000
108.5000 10.4251
693 20 13.00 18/12/2025 18/12/2045 123/12/2025
0.02500
107.3347 10.5865
693 20 13.00 18/12/2025 18/12/2045 123/12/2025
0.03960
108.5000 10.4251
693 20 13.00 18/12/2025 18/12/2045 123/12/2025
0.01900
108.5000 10.4251
693 20 13.00 18/12/2025 18/12/2045 123/12/2025
0.01350
108.5000 10.4251
693 20 13.00 18/12/2025 18/12/2045 123/12/2025
0.10000
108.5000 10.4251
693 20 13.00 18/12/2025 18/12/2045 123/12/2025
0.01000
108.5000 10.4251
693 20 13.00 18/12/2025 18/12/2045 123/12/2025
0.04990
108.5000 10.4251
693 20 13.00 18/12/2025 18/12/2045 123/12/2025
0.02500
100.0000 11.6723
693 20 13.00 18/12/2025 18/12/2045 123/12/2025
0.00390
107.3346 10.5866
693 20 13.00 18/12/2025 18/12/2045 123/12/2025
0.01550
107.3346 10.5866
693 20 13.00 18/12/2025 18/12/2045 123/12/2025
0.00500
107.3344 10.5866
693 20 13.00 18/12/2025 18/12/2045 123/12/2025
0.01600
107.3344 10.5866
693 20 13.00 18/12/2025 18/12/2045 123/12/2025
0.02500
107.3346 10.5866
693 20 13.00 18/12/2025 18/12/2045 123/12/2025
0.12000
107.3344 10.5866
693 20 13.00 18/12/2025 18/12/2045 123/12/2025
0.15020
107.3344 10.5866
693 20 13.00 18/12/2025 18/12/2045 123/12/2025
0.10010
107.3344 10.5866
693 20 13.00 18/12/2025 18/12/2045 123/12/2025
0.01000
107.3344 10.5866
693 20 13.00 18/12/2025 18/12/2045 123/12/2025
0.03000
108.4997 10.4252
693 20 13.00 18/12/2025 18/12/2045 123/12/2025
0.00300
107.3346 10.5866
539 15 13.50 09/07/2020 16/07/2035 123/12/2025
1.23140
100.8427 14.5673
688 15 12.75 12/11/2025 13/11/2040 123/12/2025
0.00200
106.5475 11.9994
568 25 15.95 05/08/2021 05/08/2046 123/12/2025
0.01600
126.7236 13.0345
669 20 15.25 13/02/2025 08/02/2045 123/12/2025
0.00950
123.0000 12.7731
669 20 15.25 13/02/2025 08/02/2045 123/12/2025
0.01000
123.0000 12.7731
SAM 5 12.00 10/02/2025 10/02/2030 123/12/2025
0.00050
100.0000 12.4375
513 20 15.49 01/08/2019 01/08/2039 123/12/2025
0.32000
137.3454 10.9994
549 20 15.49 04/11/2020 05/11/2040 123/12/2025
0.00500
100.0000 15.8381
123.40510 83
Total