MARKET INFORMATION
Dar es Salaam Stock Exchange

 

 

Trading Hours

Pre-opening session

9:00 – 9:29

Auction Uncross

9:30

Continuous trading

9:31 – 16:00

Close

16:00

Time Zone

GMT+3

Trading Days

Monday – Friday

Trading Currency

Tanzanian Shilling (TZS)

 

Main Index

Tanzania All Share Index Real Time. The All Share Index (DSEI) is a market cap weighted index with a base reference of 1000. It includes all stocks listed on the Dar es Salaam Stock Exchange

Reuters code

DSEI

Bloomberg code

DARSDSEI

Exchange Code

Bloomberg

TZ

Trading ID

CDS account number and the account legal name

Settlement Cycle

T+2

Current Index Status

No MSCI classification or FTSE classification

Market Cap

USD9.2bn

Average Daily Value Traded
YearAVG VALUE TRADED
2023 $440k
2024 $480k
2025 $1030k
MARKET DYNAMICS

TZS Tick Size

Stock price less than TZS 1,000 - TZS 5.00

Stock price greater than TZS 1,000 - TZS 10.0

Stock Limit Up/Down 

15% variation for securities whose market capitalization is below TZS 1 trillion.

5% variation for securities whose market capitalization is TZS 1 trillion and above, and the number of issued shares is above 2 billion; and

2% variation for securities whose market capitalization is TZS 1 trillion and above, and the number of issued shares is below 2 billion

Board Lot

1 share

Iceberg

Not available

All or none

Not available

Crosses

Permitted in market spread

Off- Market Crosses

Permitted with exchange approval

Official Closing Price

VWAP on the day subject to 100 min shares traded

MARKET REGULATIONS
Foreign Ownership Restriction
No FOL apply. Foreigners can own up to 100% of any listed stock
Disclosure Rules
The exchange’s approval is required before reaching 5% or more of any listed company.
Securities Lending
Not permitted
Short selling
Not permitted
Crossing Restrictions
None
Timeline for New ID Setup
Up to 1 day for the local broker to link an account
MARKET FEES & TAXES
Regulated Commission

Brokerage Commission up to TZS 10mn - 1.7%
Brokerage Commission up to TZS 40mn - 1.5%
Brokerage Commission up to TZS 70mn - 0.8%

Market Fees 

DSE Fees (VAT Inclusive) - 0.1652%
CMSA Fee - 0.14%
Fidelity Fee - 0.02%
CDS Fee (VAT Inclusive) - 0.0708%

Capital Gain Tax None
Withholding Tax  5%
Dividend Tax None
VAT on Brokerage 18%