 | |
| Type | Public |
|---|---|
| Location | 14th Floor,Golden Jubilee Towers, Ohio Street,Ilala, Dar es Salaam,United Republic of Tanzania |
| Coordinates | 6°48′48.9″S39°17′21.0″E / 6.813583°S 39.289167°E /-6.813583; 39.289167 |
| Founded | 19 September 1996 |
| Owner | Government of Tanzania (15%) Public (85%) |
| Key people | Ellinami Minja(Chairman) Peter Situmbeko Nalitolela(CEO) |
| Currency | Tanzanian shilling |
| No. of listings | 29 |
| Market cap | TSh 23,721.49 billionJune 2015[1] |
| Indices | Tanzania All Share Index DSEI Dar Stock Exchange Index IA Industrial & Allied BI Banks, Finance and Investment |
| Website | dse |
TheDar es Salaam Stock Exchange (DSE) is astock exchange located on Ohio Street, west ofKivukoni, south east ofDar es Salaam, the commercial capital and largestcity inTanzania. It was incorporated in September 1996 and trading started in April 1998. It is a member of theAfrican Stock Exchanges Association and theWorld Federation of Exchanges. 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 theNairobi Securities Exchange inKenya and theUganda Securities Exchange inUganda. Plans are underway to integrate the three to form a singleEast African bourse.[3]
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 inDar-es-salaam,Tanzania. The stock exchange was incorporated on 19 September 1996.[4] 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.[5]
The exchange became operational on 15 April 1998, with TOL Gas Limited listing as the first company followed by theTanzania 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.[citation needed]
On 29 June 2015, the Dar-es-Salaam Stock exchange re-registered to become a public limited company. The company changed its name from theDar Es Salaam Stock Exchange Limited toDar Es Salaam Stock Exchange Public Limited Company.[6] The company began selling shares on 16 May 2016 and is the third exchange inAfrica afterJohannesburg Stock Exchange (2006) andNairobi Securities Exchange (2014) to self list.[7][8] The company offered 30% of the company's stock on the stock exchange represented by 15,000,000 ordinary shares.[9]
The Dar-es-salaam stock exchange started its 5-year plan from June 2011. The financial year for the DSE used to begins 1 July and ends on 30 June.[10] This was modified in 2017 to follow the calendar year.
| 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|---|---|---|---|
| Market Capitalization (TSh billion) | 5,926 | 12,773 | 14,058 | 18,902 | 23,721 | 21,728 | 23,076 | 19,677 | 17,105 |
| Value of Shares traded (TSh billion) | 48.25 | 44.45 | 73.00 | 272.45 | 879.22 | 733.66 | 711 | 208 | 625 |
| Tanzania Share Index (TSI points) | 1,051.92 | 1,206.99 | 1,840.11 | 3,561.62 | 4,684.09 | 3,706.15 | 3,919 | 3,431 | 3,691 |
| Income and Expense Summary | |||||||||
| Income (TSh billion) | 2.01 | 1.81 | 2.09 | 3.5 | 4.35 | 4.79 | 10.70 | 6.43 | 8.39 |
| Expenses (TSh billion) | 1.73 | 2.25 | 2.04 | 3.00 | 3.07 | 3.10 | 5.44 | 4.67 | 4.84 |
| Profit/Deficit (TSh million) | n/a | −338.85 | 186.35 | 501.01 | 1,942.85 | 2,010.26 | 5,266 | 1,757 | 3,547 |
| Securities and Bonds Summary | |||||||||
| Value of Outstanding Listed Govt. Bonds (TSh billion) | 1,912.97 | 2,287.31 | 2,991.77 | 3,696.15 | 4,263.67 | 4,896.85 | 8,108 | 9,436 | 10,533 |
| Treasury Bonds Listed (TSh billion) | 918 | 433 | 977 | n/a | n/a | n/a | n/a | n/a | n/a |
| Fixed Income Securities Trading (TSh billion) | 363 | 248 | 452 | 477 | n/a | n/a | n/a | n/a | n/a |
| Notes | [10] | [10] | [11] | [1] | [8] | [12] | [13] | [14] | [14] |
As of December 2019, the company stock was owned by corporate entities and individuals. The largest shareholders are listed in the table below.[15]
| Rank | Name of Owner | Percentage Ownership |
|---|---|---|
| 1 | Government of Tanzania | 15.0 |
| 2 | Briarwood Capital Partners LP | 12.0 |
| 3 | Mr. Aunali F. Rajabali and Sajjad F. Rajabali | 10.0 |
| 4 | National Investments Company Limited Tanzania | 5.0 |
| 5 | General Public | 58.0 |
| 6 | TOTAL | 100.0 |
As of August 2020[update], there are 27 listedcompanies, five corporate bonds and eightgovernment bonds. The table below summarises the current market listings:[20][21]
| Symbol | Company | ISIN | Date Listed | Notes |
|---|---|---|---|---|
| 1.MCB | Mwalimu Commercial Bank | TZ1996102129 | 27/11/2015 | Banking |
| 2.MBP | Maendeleo Bank[24] | TZ1996101683 | 04/11/2013 | Banking,Finance |
| 3.MKCB | Mkombozi Commercial Bank[25] | TZ1996101972 | 29/12/2015 | Banking |
| 4.YETU | Yetu Microfinance PLC[26] | TZ1996102344 | 10/03/2016 | Microfinance |
| 5.MUCOB | MUCOBA Bank PLC | TZ1996102419 | 10/09/2016 | Banking |
| 6.JATU | JATU PLC[27] | TZ1996103804 | 23/11/2020 | Agriculture |
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