CRDB, TBL shine at Dar bourse

DAILY NEWS Reporter

CRDB bank and Tanzania Breweries Limited (TBL) dominated the market share at the Dar es Salaam Stock Exchange last week after commanding about 96.24 per cent.

CRDB Bank has continued to record positive share trading at the bourse despite posting nearly 2bn/- loss on the quarter ended September this year.
TBL on the other hand, also listed on the DSE continued to register strong share trading backed by an outstanding performance on its financial statement unveiled during the company’s Annual General Meeting held last week in Dar es Salaam.
According to the DSE weekly report, the brewer’s positive performance impacted on the Industrial and Allied sector index after increasing by 26 points largely due to TBL’s price appreciation by 0.76 per cent. The share prices of other local listed companies remained almost the same as it was in the previous week making the indexes of banking, service and industrial sectors unchanged.
Total market capitalisation increased by one percent, closing the week at 21.8tri/- from 21.6tri/- of the preceding period. Domestic market capitalisation also increased by 0.4 percent, closing the week at 8.19tri/- from 8.16tri/- of the other week