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Diamond Trust Bank Kenya Ltd (NSE: DTK)

Nigel Firth
Nigel Frith trader
Updated 28 May 2024

What is Diamond Trust Bank Kenya Ltd

Diamond Trust Bank Kenya Ltd is a financial services and insurance group that provides products and services to customers in Kenya, Uganda, Tanzania and Burundi.

The company’s history stretches back to its establishment in 1945 and it was listed on the securities exchange on 1 January 1972.  The company was formerly known as Diamond Trust of Kenya but changed its name to Diamond Trust Bank Kenya Limited in 1997.

Diamond Trust Bank of Kenya Limited has its head office in Nairobi, Kenya.

The Diamond Trust Bank Kenya, flagship company of the group, is licensed by the Central Bank of Kenya, the national banking regulator in Kenya, the country with the largest economy in the East African Community.

Diamond Trust Bank Kenya Ltd focuses on the SME sector and commitment to enhancing convenience for customers through branch network expansion that has driven its growth in recent years.

Diamond Trust Bank of Kenya Limited offers a varied range of products for banking transactions as well as a full offering for mortgages services, asset financing and an insurance premium finance facility out of more than 130 branches in Kenya, Tanzania, Uganda, and Burundi, some of which are around the clock digital branches.

Today, Diamond Trust Bank Kenya Ltd has a diversified portfolio in more sectors of the consumers value chain with services including spot and forward foreign exchange transactions, cross currency swaps and deals, fixed income securities, fixed income securities, corporate bonds, structured treasury products and money market products. Its trade finance services include letters of credit, documentary and clean collections, negotiation of export bills, suppliers credit financing and bank guarantees.

Diamond Trust Bank Kenya Ltd.’s equity stocks are for sale online on the Nairobi Securities Exchange (NSE) under the stock symbol DTK.

Diamond Trust Bank Kenya Ltd has more than 2 230 employees. Nasim Devji is the current CEO of Diamond Trust Bank Kenya Ltd and the company Chairman is Linus Gitahi.

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Diamond Trust Bank Kenya Ltd

How to buy Diamond Trust Bank Kenya Ltd stocks – Step by Step

The stock market is still one of the most popular financial markets that attracts millions of retail investors and participating traders daily. To buy, sell or trade Diamond Trust Bank Kenya Ltd stocks, traders and investors should follow a few easy steps:

  • Select a broker that offers access to the Nairobi Securities Exchange (NSE).
  • Review the broker's trading conditions, fees, deposit and withdrawal methods, trading platform, customer support, regulation, and other components to ensure that they are aligned with your trading
  • Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading
  • Find the symbol of the share that you want to buy, in this case, “DTK”.
  • You can start by making your first share purchase through the broker.
  • You can now continue to buy more shares to build and diversify your portfolio.

Diamond Trust Bank Kenya Ltd Stock Performance

The current price for Diamond Trust Bank Kenya Ltd stocks is 64.00 KES. The company has a total market capitalization of 17,894,542,080 KES, with a Price/Earning ratio of 3.29.  A total of 279.60 million shares were outstanding.

Diamond Trust Bank Kenya Ltd closed trading of DTK on Friday, 10 September 2021 at 64.00 KES per share on the Nairobi Securities Exchange (NSE), experiencing a 0.4% drop from the previous closing price of 64.25 KES.

Diamond Trust Bank Kenya Ltd.’s financial results showed that the stock price experienced a 52 week range of 57.50 KES to 78.50 KES, with a volume of 3 700 to the value of KES 236,800.00.  The 52 week change was -54% and Year to date change -14.67%. The number of shares issued were 279,602,220.

Giving an increase of earnings per share and consistent profits expected, investors who wish to buy or sell Diamond Trust Bank Kenya Ltd stocks can be assured of profitable dividends and earnings in years to come.

According to an analysis on the live chart of Diamond Trust Bank Kenya Ltd, analysts forecast an improved performance for the Financial sector with market share growing when trading volumes increase.

Highlights of Diamond Trust Bank Kenya Ltd in 2021

Diamond Trust Bank Kenya Ltd started the year with a share price of 75.00 KES and has lost 14.7 % in value on its price valuation, ranking it 54th on NSE for year-to-date performance.

Diamond Trust Bank Kenya was the 16th most traded stock on the Nairobi Securities Exchange from June to September 2021 and saw a total trading volume of 12.2 million shares which were finalised in in 1 024 deals at the value of KES 763 million over the period, with an average of 193,470 shares traded per session.

On 12 July the volume high of 4.56 million was achieved.

FAQs

The Nairobi Securities Exchange was established in 1954 as the Nairobi Stock Exchange, based in Nairobi, the capital of Kenya. It was a voluntary association of stockbrokers in the European community registered under the Societies Act in British Kenya.

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Nigel Firth
Nigel Frith trader
Nigel has been in the regulated financial services industry for nearly a decade, has previously owned a financial brokerage and has written many times for sites relating to personal finance and trading.