DAR ES SALAAM, April 7 -- DAR ES SALAAM Stock Exchange (DSE) trading is expected to be driven by banks this week, following the Easter long holiday, as investors focus on selective stock picking and fixed income instruments.

While the equity market lacks immediate catalysts for a broad rally, underlying macroeconomic strength and sector-specific resilience suggest any recovery will be gradual and led by fundamentally strong counters.

The Zan Securities Advisory and Research Manager, Mr Isaac Lubeja, said yesterday that DSE appears to be entering a consolidation phase, where activity is likely to remain subdued in the short term as investors adopt a cautious stance.

“In the coming weeks, trading activity is expected to remain conc...