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DAR ES SALAAM Stock Exchange Introduces New Trading Rules

Strategic Insights

— 1 min read

The DAR ES SALAAM Stock Exchange (DSE) introduced new trading rules on June 2, 2025, following approval by the Capital Markets and Securities Authority (CMSA). The approved amendments aim to address issues such as liquidity, block trades, and closing price changes, and introduce new requirements for market opening and closing times, tick sizes, and customer verification.

Key Takeaways:

  • The new rules define a block trade as a single lot, where one buyer sells to one seller with a minimum transaction value of 250m/-, up from 200m/- previously.
  • The amendments allow closing prices of securities to change at market close by 15% for counters with a market capitalisation below 1.0tri/-, 5.0% for counters with a market capitalisation above 1.0tri/- and more than 2.0 billion issued shares, and 2.0% variation for counters with a market capitalisation above 1.0tri/- and less than 2.0 billion issued shares.
  • The new rules also introduce tick sizes of 5/- and 10/- for securities priced below and above 1,000/-
  • Market opening time has been pushed down to 9:00am, allowing investors more trading time, and market pre-opening will now be 30 minutes after opening time followed by opening auction.
  • Tanzania citizens are now required to provide a National Identity Number, contrary to previous rules where any state-issued Identity Card was allowed.
  • The amendments aim to address issues such as liquidity, block trades, and closing price changes, and introduce new requirements for market opening and closing times, tick sizes, and customer verification.

Statistics:

  • Minimum transaction value for block trade: 250m/- (previously 200m/-);
  • Market capitalisation thresholds for closing price percentage change: 15% for counters below 1.0tri/-, 5.0% for counters above 1.0tri/- and more than 2.0 billion issued shares, 2.0% for counters above 1.0tri/- and less than 2.0 billion issued shares;
  • Tick sizes: 5/- for securities priced below 1,000/-, 10/- for securities priced above 1,000/-;
  • Market opening and pre-opening times: 9:00am, 30 minutes before opening;

Sources:

  • DAR ES SALAAM Stock Exchange (DSE);
  • Capital Markets and Securities Authority (CMSA);
  • Daily News;
  • HT Digital Content Services.

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