DAR ES SALAAM, Jan. 9 -- EQUITIES on the Dar es Salaam Stock Exchange rose modestly Wednesday, with banks extending recent gains as investors focused on a small number of liquid counters while bond trading continued to absorb the bulk of market value.

Total equity turnover reached 4.47bn/-, with 2.24 million shares changing hands across 2,836 deals, reflecting steady participation early in the year.

Trading activity was reinforced by strong demand in the bond market, where government and corporate securities worth 18.81bn/- were exchanged, underscoring investors continued appetite for fixed-income instruments.

CRDB Bank dominated equity trading, once again emerging as the most active counter on the exchange. About 821,338 shares were t...