Dar-es-Salaam Stock Exchange (DSE) is a stock exchange based in Dar-es-Salaam, Tanzania. The acronym or abbreviation for this market is DSE. This page contains information on the trading hours, market holidays, contact information and more.
Dar-es-Salaam Stock Exchange is located in the country of Tanzania.
Stock exchanges near Dar-es-Salaam Stock Exchange include the following markets: Dhaka Stock Exchange, Chittagong Stock Exchange, Colombo Stock Exchange, Copenhagen Stock Exchange & Stock Exchange of Thailand.
The main currency of Dar-es-Salaam Stock Exchange is BDT. It's symbol is Tk.
The Dar-es-Salaam Stock Exchange: A Window into the Tanzanian Economy
Students and investors alike are captivated by the world of stock trading. The stock exchange acts as a roadmap for the market, a blueprint for businesses, and a window into the economy. One such example, the Dar-es-Salaam Stock Exchange (DSE), has been a catalyst for Tanzanian economic change since its inception in 1996. We will explore the history of the DSE, its modern-day presence, and its impact on the Tanzanian economy.
The DSE is the only stock exchange in Tanzania and is located in the financial district of Dar-es-Salaam. It is regulated by the Capital Markets and Securities Authority (CMSA) and is responsible for facilitating the trading of local and foreign securities. The vision of the DSE is to be a world-class exchange that contributes to the Tanzanian economy by providing access to funding and investment opportunities.
History of Dar-es-Salaam Stock Exchange
The establishment of the DSE marked a new era for Tanzanian investment opportunities. The precursor to the DSE was the Dar-es-Salaam Stockbrokers Limited, which was founded in 1992. It was later incorporated in 1996 as the DSE. Initially, the DSE only had four listed companies, but today it has over 20 listed companies. The DSE has gone through several changes and improvements over the years. One milestone was in 2005 when the DSE established an automated trading system, allowing faster and more efficient trading. In 2016, the DSE was the first stock exchange to issue an infrastructure bond, which was oversubscribed by 3.6 times.
Dar-es-Salaam Stock Exchange Today
The DSE is a small exchange but is growing rapidly. One notable example is the number of listed companies, which has increased from four to over 20. The top three listed companies by market capitalization are Tanzania Breweries Limited, CRDB Bank, and Vodacom Tanzania Limited. The DSE has recently been working on developing new markets, such as a commodities exchange and a derivatives market. The commodities exchange would allow for trading in local agricultural products such as coffee, cashew nuts, and cotton, while the derivatives market would allow companies to manage their financial risk.
The Dar-es-Salaam Stock Exchange has been instrumental in developing the Tanzanian economy. The exchange has grown from just a few listed companies to over 20, and continues to expand its capabilities. The DSE has a bright future, with plans for further expansion into commodities and derivatives markets. As the Tanzanian economy grows, so does the stock exchange, making it a fascinating topic for students and investors alike.
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