DAR ES SALAAM, Feb. 17 -- EQUITY indices have advanced as banking stocks powered market gains, with activity in tier-one lenders driving momentum across the Dar es Salaam Stock Exchange (DSE). Last week, the DSEI rose by 5.9 per cent to 3,756.82 points while the TSI gained 7.19 per cent to 8,421.38 points, reflecting sustained investor interest in banking counters, closed at up by 5.9 per cent.

Performance was led by CRDB and NMB, alongside sharp price increases in MCB, MKCB and MBP. The Bank, Finance & Investment Index climbed 10.06 per cent to 18,066.11 points, reinforcing the sectors influence on overall market direction. Zan Securities Advisory and Research Manager Isaac Lubeja told the Daily News yesterday that banking stocks remain...