MARKET SUMMARY

MARKET SUMMARY

• US
• EUROPE
• ASIA

Dow	11,295.81	-119.05	-1.04%
Nasdaq	2,529.14	0.00	0.00%
S&P 500	1,185.90	0.00	0.00%
10 Yr Bond(%)	2.0100%	+0.0240
Oil	87.90	-1.15	-1.29%
Gold	1,830.00	-24.40	-1.32%

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Fri 8:35am ET- Briefing.com
S&P futures vs fair value: -1.80. Nasdaq futures vs fair value: -1.80. Commodities are under pressure this morning. As such, the CRB Commodity Index...

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CURRENCIES INVESTING

Currency Pair	Price	Change
EUR/USD	1.3827	-0.0058
USD/JPY	77.7150	+ 0.2000
GBP/USD	1.5963	+ 0.0001

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CURRENCY CONVERTER

$1 U.S. Dollar (USD) =

Japanese Yen	77.7150 ¥
Euro	0.7232 €

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INVESTING IDEAS

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MARKET SUMMARY September 6, 2011

MARKET SUMMARY

• US
• EUROPE
• ASIA

Dow	11,140.13	-100.13	-0.89%
Nasdaq	2,473.83	-6.50	-0.26%
S&P 500	1,165.30	-8.67	-0.74%
10 Yr Bond(%)	1.9790%	-0.0170
Oil	86.32	-0.13	-0.15%
Gold	1,877.30	+3.60	+0.19%

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Tue 3:30pm ET- Briefing.com

Tanzania raises royalty fee on gold exports

SUNDAY, 28 AUGUST 2011 19:07 DOREEN DAVID

DAR ES SALAAM, TANZANIA- The third largest gold producer in Africa, Tanzania, has attracted significant investment in the mining sector over the past decade and it is planning to conclude negotiations with mining companies next month to allow the government to raise royalty payments on gold exports from three percent on net income to four percent of gross export value.

 According to the Minister for Energy and Minerals, Mr William Ngeleja, the need for negotiations to raise is due to the fact that for the last five years, Tanzania's annual gold exports have tripled to US$1.5 billion due to the increase in the price of gold, but Government revenues have remained at around $100 million a year.

 "We drafted a new (mining) policy in 2009 and enacted a new mining Act last year, among other things, to address the shortfalls identified in the past. We have now decided that the Government shall own a stake in all future mines," Minister Ngeleja added.

The Tanzania Stock Market -

The Tanzania Stock Market -

The Dar es Salaam Stock Exchange - Tanzanian Stocks

Introduction of the Tanzania Stock Market

The Dar es Salaam Stock Exchange (DSE) was incorporated in September 1996.
As of April, 2007, the Tanzania stock market, the Dar es Salaam Stock Exchange has 8 listed companies.
The Tanzania currency, the Tanzania Shilling, has remained relatively stable in the last three years, with a little depreciation against the US dollar.
Tanzania Stocks
The current 8 listed Tanzania stocks are
TOL LIMITED (TOL) - Principal activities of Tol Limited are: Production and distribution, of Air Separation Unit (ASU) products i.e. oxygen, nitrogen, Dissolved Acetylene (DA), carbon dioxide, welding equipment and accessories, medical gases and equipment. TOL has three production sites situated in Dar es Salaam, which is dedicated to ASU products and acetylene; Mwanza, which is dedicated to DA; and Kyejo in Rungwe District, which produces carbon dioxide.

Tanzania: DCB Share Pushes Stocks High

THE Dar es Salaam Stock Exchange (DSE) index has been pushed by 5.26 per cent to hit 30-month price cap on Monday, thanks to an announcement by the Dar es Salaam Community Bank (DCB) that has announced a dividend of 48/- per share.

The positive response follows the historical dividend announcement to elevate the stock to hit 400/- mark, which was the listing cap price in August, 2008 when the bank's share started to trade at the bourse after a successful initial public offer (IPO).

The share price increment enabled the Tanzania Stock Index and DSE all-share index to settle at 1057.54 points and 1215.91 respectively.

DCB offered a 1.58bn/- as dividend, presenting half the bank's profit in last year to enable each shareholder to receive 48/- per share as dividend.
This is almost double of the amount offered in 2009 of 28/- per share when the bank posted a net profit of 1.84bn/-.