Dar es Salaam Stock Exchange (DSE), has registered a 1.8 per cent surge on domestic market capitalisation.
The domestic cap surge was attributed to share rise of NMB that went up almost 15 per cent to 2,470/- and DSE jumped 7.48 to 1,150/- in a week.
The domestic market cap went up to 8.3tri/- in the week ending last Friday from 8.2tri/- of previous week.
The increase assisted to absorb price decline of Mwalimu Commercial Bank (MCB), that went down by 8.33 per cent to 550/- from 600/-.
Also the sectoral indices went up as the results of share gaining. The Industrial and Allied Index gained 2.2 points due to an increase in price on the Simba Cement 5.88 per cent despite TOL Gases and Twiga Cement both decreasing in price by 0.62 per cent and 0.87 per cent respectively.
The Banking and Finance Index gained 191.03 points due to an increase in price on the NMB and DSE, while Commercial Services Index retained the same position.
Source: Daily news
