CRDB Bank shareholders have approved a 30per cent dividend increase after a superb profit despite coronavirus pandemic challenges last year.

DAR ES SALAAM Stock Exchange (DSE) is tipped to have shrugged-off last week’s decline hangover in volume and turnover to post positive performance as dividend announcement nears.

DAR ES SALAAM Stock Exchange (DSE) has registered a price earnings (PE) ratio increase for domestic listed companies in the first quarter of this year. The weighted average market PE ratio for domestic listed companies was trailing at 23.45 times three months to March, which was slightly higher than the PE ratio 21.00 times for three months to last December.

Dar es Salaam Stock Exchange (DSE) equities market turnover has bounced back with impressive performances this week thanks to massive movement from three pre-arranged block trading.