Tanzania: DSE Shares Expected to Hit Bourse Running

Dar es Salaam Stock Exchange (DSE) self-list today and brokers are predicting shares to hit the bourse running due to oversubscription during its primary offer.

The bourse primary offer was oversubscribed by 377 per cent in a three-week IPO sold at 500/- a share and prediction points to likely price appreciation at listing day. Orbit Securities General Manager, Juventus Simon, said share price rallying of DSE at day one of listing is imminent due to the huge amount of oversubscription.

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