Tuesday, July 26, 2016

Acacia rallies 75pc at Dar bourse since Brexit

ONLINE REPORTER
ACACIA Mining, listed on Dar es Salaam Stock Exchange, share has appreciated by 75 per cent to reach all time high since United Kingdom voted to exit from European Union. The share, according to DSE data, climbed from 10,460/- just a day before the Brexit voting to 18,310/- of Monday.
Acacia, largest mining firm in the country share on Monday jumped up by 13.02 per cent thus pushed up DSE all share index (DSEI) by 10.20 points to 2,699.30 points.
The recent gain reflects price appreciation following the same on FSTE. The share has gone up from 455.00p to 544.00p of Monday. The price of Acacia in London becomes cheaper after the British pound lost its value against US dollar and Euro.

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