DSE All-Share
4,112.64
As at DSEI · 23 Jul close · latest verified
Permanent edition · Vol. I · No. 205
The Brief
Friday, 24 July 2026
A frozen reading of Tanzania's markets, capital and policy. Figures remain bound to their stated observations; this archive never inherits a newer market tape.
USD / TZS
2,637
As at BoT mean · 23 Jul · essentially flat
Gold · $/oz
$4,057
As at BoT reference · 22 Jul sheet
BoT rate
6.25%
As at CBR · Q3 2026
Inflation
4.0%
As at NBS · June 2026 headline
This edition in 60 seconds
- 01The rise broadens into industrials and services; but CRDB carries more than half the money
- 02Industrials and services take the baton as both headline indices rise for a second session
- 03CRDB carries 55.8% of a TZS 5.57bn session
Verified close
The rise broadens into industrials and services; but CRDB carries more than half the money
Signal
Thursday closed at 4,112.64 (+0.26%) and 9,005.34 (+0.37%) on TZS 5.57bn; CRDB carried 55.8% of turnover.
Why it matters
Industrial & Allied and Commercial Services rose 45.5 and 48.4 points, but 9 decliners still outnumbered 8 advancers.
What to watch
Whether concentration normalises and the 8 counters that did not trade return to Friday's tape.
Did the domestic market and the headline index move together or apart over the covered quarter?
The domestic market against the headline index
As at 23 Jul 2026 · Source: Dar es Salaam Stock Exchange. Exact values and method remain in the static evidence table below.
Equities
Industrials and services take the baton as both headline indices rise for a second session
Signal
4,112.64 rose 0.26% and 9,005.34 0.37%; Industrial & Allied added 45.5 points and Commercial Services 48.4.
Why it matters
Leadership moved beyond Wednesday's bank-led turn, although the board remained mixed at 8 advancers, 9 decliners and 11 unchanged.
What to watch
Whether sector leadership persists with broader participation and less single-name concentration.
Tape
CRDB carries 55.8% of a TZS 5.57bn session
Signal
CRDB traded TZS 3.11bn; NMB TZS 861m and TCCL TZS 701m. Together, the three names carried 83.8% of turnover.
Why it matters
The tape was below its recent held-session median and concentrated, so the index rise did not reflect evenly distributed activity.
What to watch
Whether CRDB's share normalises and the 8 counters absent from Thursday's tape return.
FX
USD/TZS holds near 2,637 as the 23 July BoT sheet arrives
Signal
The BoT indicative mean was TZS 2,637.13 per US dollar on 23 Jul, against TZS 2,636.77 on 22 Jul.
Why it matters
The daily move was negligible, leaving local- and hard-currency readings of Thursday's market session nearly aligned.
What to watch
The 28 to 29 Jul FOMC and whether the next BoT sheets move beyond the week's narrow range.
Rates
The 10-year point refreshes at 10.87% while the front end remains below policy
Signal
BoT's latest 10-year auction point is 10.87% on 22 Jul; 91-day and 364-day bill WARs remain 3.3472% and 7.0258%.
Why it matters
The curve still shows short bills well below the 6.25% CBR while the longer government tenor carries a higher funding cost.
What to watch
Auction No. 1204 around 29 Jul is inferred, not official: the 91-day WAR and bid-to-cover are the next tests.
The Ghost · edition context
The model-book allocation read
The Ghost's hypothetical TZS 500m model book is +4.65% since inception at its 23 Jul mark. VODA rose 2.5% and CRDB 0.37%, while NMB and TCC were unchanged; the session helped the bank-and-telecom-weighted book, but CRDB concentration made the tape less broad than the index move.
Open the current Ghost tracker →What this edition watched
DSE participation after the CRDB-led session
Thursday had 8 advancers, 9 decliners and 8 counters with no trade; breadth and concentration are the next verified tests.
Fri 24 Jul 2026 close
T-bill auction No. 1204 (expected)
The 91-day WAR remains about 290bp below the CBR; the next yield and bid-to-cover will show whether that gap persists.
~29 Jul 2026 (inferred cadence, not an official BoT date)
US FOMC decision
The dollar-rate backdrop is the nearest dated external event for USD/TZS, which held near 2,637 on the 23 Jul BoT sheet.
28 to 29 Jul 2026
NBS July CPI · EWURA fuel cap
June headline inflation eased to 4.0%, while transport ran 13.6% y/y; the next releases test that divergence.
early Aug 2026
US$2.7bn Tabora to Kigoma SGR award; primary confirmation
The contract remains press-reported; primary confirmation and financing terms are required before it is counted as verified capex.
coming weeks (unscheduled)
Compiled from public sources for information and education only; not investment advice, and not a forecast. Equity and index figures reconcile to the Dar es Salaam Stock Exchange verified close (23 Jul 2026); rates, FX and gold to the Bank of Tanzania; inflation to the NBS. The current Wire handoff contained no primary-grade candidate, so no unverified headline was promoted as fact. The US$2.7bn Tabora to Kigoma SGR award remains press-reported pending primary confirmation. The ~29 Jul auction is an inferred cadence, not an official BoT calendar entry. For live market updates see Markets.