The Tanzanian shilling was stable against the US Dollar on Wednesday as there were fewer inflows of US Dollar in the market.
Commercial banks quoted the local unit at 1621/1631 against the dollar, which was the same as Tuesday’s close of 1621/1631.
Wednesday, Today, DSE recorded a total turnover of TZS 44.13 mln from 72,388 shares traded in 33 deals in comparison to the previous session which recorded a turnover of TZS 34.30 mln from 150,702 shares traded in 39 deals.
CRDB counter had 1,469 shares traded at weighted average price of TZS 160 per share in 18 deals.
SIMBA counter had 20 shares traded at weighted average price of TZS 2,400 per share in 1 deal. SWISSPORT counter had 5,100 shares traded at weighted average price of TZS 1,820 per share in 3 deals.
TBL counter had 3,199 shares traded at weighted average price of TZS 3,100 ex dividend per share in 7 deals.
Today foreign investors generated a total turnover of TZS 24.65 mln for the purchase of 49,300 CRDB shares and 13,300 NMB shares. Meanwhile on AON Board there were 810,100 TBL shares on offer at TZS 3,100 per share.
On Wednesday, the interbank money market recorded a total volume of TZS 36.70 billion whereas the shilling was exchanged at the levels of between 7.00% and 3.00%.
Source: The CRDB BANK
INTERBANK FOREIGN EXCHANGE MARKET (14th March 2013)