DSE: ‘All-Shares Index’ drops over strong Tanzania shilling
What you need to know:
The decrease of the DSEI was a result of lowered share prices by all Kenyan cross-lists at the local bourse. In turn, this was caused depreciation of the Kenyan shilling against the Tanzanian shilling.
The Dar es Salaam Stock Exchange All-Shares Index (DSEI) slowed by 1.67 points, to 2,170.63 points, on Wednesday this week, down from the 2,172.30 points recorded the previous day.
The decrease of the DSEI was a result of lowered share prices by all Kenyan cross-lists at the local bourse. In turn, this was caused depreciation of the Kenyan shilling against the Tanzanian shilling.
The related DSE reports show that the Tanzanian currency gained by 21.54 per cent over the Kenyan shilling on Wednesday this week, rising from the 21.64 per cent recorded on Tuesday.
Appreciation of the local currency resulted in a decrease of share prices of EABL by 0.32 per cent; JHL by 0.68 per cent; KA by 8.33 per cent; KCB by 1.08 per cent. and NGM by 1.54 per cent.
