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Dar es Salaam Stock Exchange

 

Dar es Salaam Stock Exchange

Dar es Salaam Stock Exchange
Type Stock exchange
Location Ilala, Dar-es-salaam,  Tanzania
Coordinates
Founded 19th September 1996
Owner Government of Tanzania
Key people Pius A. Maneno (Chairman)
Moremi Marwa (CEO)
Currency Tanzanian Shilling
No. of listings 22
Market cap Tsh 18.902 trillion June 2014[1]
Indices TSI Tanzania Share Index
DSEI Dar Stock Exchange Index
Website .tz.coDSE

The Dar es Salaam Stock Exchange (DSE) is a stock exchange located in Dar es Salaam, the commercial capital and largest city in Tanzania. It was incorporated in September 1996 and trading started in April 1998. It is a member of the African Stock Exchanges Association. The exchange is open five days a week, from Monday through Friday. The trading days are weekly from Monday to Friday, starting from 10.00 am to 14.00 pm.

The activities of the exchange are monitored and supervised by the Capital Markets and Securities Authority (CMSA).[2] The DSE operates in close association with the Nairobi Securities Exchange in Kenya and the Uganda Securities Exchange in Uganda. Plans are underway to integrate the three to form a single East African bourse.[3]

Contents

  • History 1
    • Incorporation 1.1
    • Timeline 1.2
  • Corporate Affairs 2
    • Business Trends 2.1
    • Services 2.2
  • Market listing 3
  • See also 4
  • References 5
  • External links 6

History

Incorporation

The Dar es Salaam Stock Exchange was established by the capital markets and security authority under the Capital Markets and Securities (CMS) Act of 1994 in Dar-es-salaam, Tanzania. The stock exchange was incorporated on 19 September 1996.[4][5] The company was incorporated as a private company limited by guarantee and not having a share capital under the Companies Ordinate, therefore the DSE is a non-profit making body.[6]

The exchange became operational on 15 April 1998 with TOL Gas Limited listing as the first company followed by the Tanzania Breweries Limited (TBL) during the same year. The delay was due to the necessary background operational preparations that were inevitable such as training of brokers and formulation of issuance and trading rules.[4]

Timeline

  • 1996 - Incorporation of Dar-es-salaam Stock Exchange[7]
  • 1998 - Commencement of operations with a listing of Tanzania Oxygen Limited and trading of their first equity
  • 1999 - Deployment of the Central Depository System and Listing of the first corporate debt
  • 2002 - First government Treasury Bonds listed
  • 2004 - First company to be cross listed from a foreign exchange was KA and it was the listing of the first airline company
  • 2006 - Deployment of Automated Trading System linked with a new three tier Central Depository System
  • 2008 - Dar es Salaam Community Bank listing became the listing of the first commercial bank
  • 2011 - Acacia Mining formerly African Barrick Gold plc listing became the listing of the first mining company
  • 2013 - Launching of the second tier market: EGM - Enterprise Growth Market (EGM) and the listing of the first company on EGM.

Corporate Affairs

Business Trends

The Dar-es-salaam stock exchange started its 5 year year plan from June 2011. The financial year for the DSE begins 1 July and ends on 30 June.[8]

2011 2012 2013 2014
Market Capitalization (TZS Billion) 5,926 12,773 14,058 18,902
Value of Shares traded (TZS Billion) 48.25 44.45 73 273
Tanzania Share Index (TSI points) 1,051.92 1,206.99 1,840.11 3,561.62
Income and Expense Summary
Income (TZS Billion) 2.01 1.81 2.09 3.5
Expenses (TZS Billion) 1.73 2.25 2.04 3.00
Profit/Deficit (TZS Million) n/a −338.85 186.35 501.01
Securities and Bonds Summary
Value of Outstanding Listed Govt. Bonds (TZS Billion) 1,912.97 2,287.31 2,991.77 3,696.15
Treasury Bonds Listed (TZS Billion) 918 433 977 n/a
Fixed Income Securities Trading (TZS Billion) 363 248 452 477
Notes [8] [8] [9] [1]

Services

  • DSE Mobile Trading was launched on 20 August 2015 to allow people upcountry where brokers are not present. The platform was designed by Maxcom Africa and is compatible with all bourse as currently only 200,000 people participate in a country of 50 million.[10]

Market listing

As of July 2015 there are twenty-two listed companies, five corporate bonds and eight government bonds. The table below summarises the current market listings:[11][12]

Main Exchange
Symbol Company ISIN Date Listed Notes
1.TOL Tol Gases Limited TZ1996100008 15/04/1998 Production of Oxygen, Industrial Gases, Welding Equipment
2.TBL Tanzania Breweries Limited TZ1996100016 09/09/1998 Beer Brewing, Beer Marketing Beer Distribution
3.TATEPA Tanzania Tea Packers TZ1996100065 17/12/1999 Tea Packaging & Distribution, Coffee Packaging & Distribution
4.TCC Tanzania Cigarette Company Limited TZ1996100032 16/11/2000 Cigarettes, Tobacco Products
5.SIMBA Tanga Cement Company Limited TZ1996100057 26/09/2002 Cement
6.SWISSPORT Swissport Tanzania Limited TZ1996100040 26/09/2003 Aviation, Ground Handling, Cargo Handling
7.TWIGA Tanzania Portland Cement Company Limited TZ1996100024 29/09/2006 Cement
8.DCB Dar es Salaam Community Bank TZ1996100214 16/09/2008 Banking, Finance
9.NMB National Microfinance Bank TZ1996100222 06/11/2008 Banking, Finance
10.KA Kenya Airways KE0000000307 01/10/2004 Aviation
11.EABL East African Breweries Limited KE0000000216 29/06/2005 Beer, Gin, Spirits
12.JHL Jubilee Holdings Limited KE0000000273 20/12/2006 Insurance
13. KCB KCB Group KE0000000315 17/12/2008 Banking, Finance
14.CRDB CRDB Bank TZ1996100305 17/06/2009 Banking, Finance
15.NMG Nation Media Group KE0000000380 21/02/2011 Publishing, Printing, Television, Broadcasting[13]
16.ACA African Barrick Gold GB00B61D2N63 07/12/2011 Mining
17.PAL Precision Air Services Limited TZ1996101048 21/12/2011 Aviation Services
18.SWALA Swala Gas and Oil TZ1996101865 11/08/2014 Oil & Gas
19.USL Uchumi Supermarkets KE0000000489 15/08/2014 Supermarkets
Enterprise Growth Market (EGM)
Symbol Company ISIN Date Listed Notes
1.MCB Mwanza Community Bank[15] Banking, Finance
2.MB Maendeleo Bank[16] TZ1996101683 04/11/2013 Banking, Finance
3.MKCB Mkombozi Commercial Bank[17] TZ1996101972 29/12/2015 Banking

See also

References

  1. ^ a b "Dar-Stock Exchange Annual Report" (PDF). DSE-TZ. Retrieved 22 July 2015. 
  2. ^ TNA, . (12 June 2000). "Tanzania: Stock Trading Publicity Kicks-Off". TOMRIC News Agency (Dar es Salaam) (TNA) via  
  3. ^ "East African Stock Exchange In The Works To Merge Buoyant, Profitable Markets". International business times. 9 July 2013. Retrieved 22 July 2015. 
  4. ^ a b "The Role of the Dar es Salaam Stock Exchange in Safeguarding Securities Investors in Tanzania" 4 (4). 2010. pp. 222–228. Retrieved 22 July 2015. 
  5. ^ "DSE_FAQ" (PDF). DSE-TZ. Retrieved 22 July 2015. 
  6. ^ "http://www.african-exchanges.org/members/dar-es-salaam-se". African Securities Exchanges Association. Retrieved 22 July 2015. 
  7. ^ "Historical Background". DSE-TZ. Retrieved 22 July 2015. 
  8. ^ a b c "Dar-Stock Exchange Annual Report 2012" (PDF). DSE-TZ. Retrieved 22 July 2015. 
  9. ^ "Dar-stock Exchange annual report 2013" (PDF). DSE-TZ. Retrieved 22 July 2015. 
  10. ^ "DSE Trading Now Goes Mobile". Daily News. 20 August 2015. Retrieved 21 August 2015. 
  11. ^ FGS, . "Companies Listed On the Dar es Salaam Stock Exchange". First Global Select (FGS). Retrieved 15 November 2014. 
  12. ^ "DSE-Listed Companies". Dar-es-salaam Stock Exchange. DSE. Retrieved 21 July 2015. 
  13. ^ Kamndaya, Samuel (17 December 2010). "Tanzania Approves Nation Media Group Cross-Listing".  
  14. ^ Mugabe, David (18 June 2009). "KCB Offers 2 Billion Shares To Rwandans".  
  15. ^ Githaiga, Hellen (12 October 2013). "Mwanza Bank Becomes DSE EGM's Second Listing".  
  16. ^ Mugwe, David (28 September 2013). "Maendeleo Shares To Trade On Dar es Salaam Bourse".  
  17. ^ Daily News Reporter, . (3 November 2014). "Mkombozi Bank Formally Goes Public, Offers 5 Million Shares".  

External links

  • Dar es Salaam Stock Exchange Homepage
  • African Securities Exchanges Association
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