The Dar es Salaam Stock exchange has extended its trading time by an hour. It usually operated from 10am to 3pm but will now run from 10am to 4pm starting 11 February. The move was necessitated by the need for more time by bond dealers. Additionally, the extension will favor foreign investors who operate on a different time zone.
The Tanzanian exchange is a relatively small institution with only 28 listed companies compared to Kenya’s 67 listed firms and over 300 listed in South Africa. Kenyan companies listed on the DSE include; East African Breweries, Jubilee Holdings, KCB Group, and Kenya Airways.
On 1 February, the market experienced low activity with only shares worth TSh15 million (Ksh651,900) being traded. Local investors accounted for 84.6% of the traders while foreigners made up 15.6% of the traders. The additional hour is expected to boost activity in the Tanzanian market.
