DAR ES SALAAM, Nov. 25 -- MWALIMU Commercial Bank (MCB) has led the Dar es Salaam Stock Exchange (DSE) with a 17.05 per cent surge, reflecting selective investor appetite for financial-sector counters even as overall liquidity remains subdued.

The rally, experienced last week, was driven partly by renewed investor interest following MCBs announcement of a 3:1 Rights Issue aimed at strengthening its capital base.

The rally extended the banks strong momentum after an 18.92 per cent gain the previous week, underscoring renewed appetite for financialsector counters. Alpha Capital Chief Executive Gerase Kamugisha said the weeks outcomes show a combination of selective risk-taking and cautious portfolio positioning.

“This environment s...