The Dar es Salaam Stock Exchange earned 1.609 billion shillings after taxes through September, a 46 percent increase from the previous year. Chief Executive Officer Peter Nalitolela attributed the growth to expanded market activity and digital education programs for investors.
Total revenue climbed 69.2 percent to 5.18 billion shillings compared with the same period last year. Listing fees rose 73.9 percent to 2.07 billion shillings while transaction fees quadrupled to 1.21 billion shillings.
The exchange operates 28 companies with 705,156 registered investors. Assets expanded 9.94 percent to reach 42 billion shillings at quarter's end.
Operating costs increased by 86 percent to 3.48 billion shillings due to higher staffing and administrative expenses. Registry and depository fees more than doubled to 883.6 million shillings from 377.3 million shillings.
Total revenue climbed 69.2 percent to 5.18 billion shillings compared with the same period last year. Listing fees rose 73.9 percent to 2.07 billion shillings while transaction fees quadrupled to 1.21 billion shillings.
The exchange operates 28 companies with 705,156 registered investors. Assets expanded 9.94 percent to reach 42 billion shillings at quarter's end.
Operating costs increased by 86 percent to 3.48 billion shillings due to higher staffing and administrative expenses. Registry and depository fees more than doubled to 883.6 million shillings from 377.3 million shillings.
