DSE All-Share
4,232.85
As at DSEI · 14 Aug close · latest verified
Permanent edition · Vol. I · No. 228
The Brief
Sunday, 16 August 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.
Tanzania Share Index
9,331.91
As at TSI · 14 Aug close · domestic board
USD / TZS
2,645.24
As at BoT mean · 14 Aug sheet
BoT rate
6.25%
As at CBR · Q3 2026
Inflation
4.2%
As at NBS · July 2026 headline
USD / TZS in this edition: BoT mean · 14 Aug sheet. Source: Bank of Tanzania daily rates ↗
This edition in 60 seconds
- 01NMB mechanics and a long-bond auction turn last week's gains into tests of market depth
- 02Shared index gains need broader participation to become a stronger weekly signal
- 03The next tape must show whether TZS 30.05bn can distribute beyond one leading name
The week ahead
NMB mechanics and a long-bond auction turn last week's gains into tests of market depth
Signal
4,232.85 enters Monday after a 1.18% Friday-to-Friday rise and 9,331.91 a 1.77% gain; five verified sessions carried TZS 30.05bn of equity turnover.
Why it matters
Thirteen of 28 comparable counters rose, but one name absorbed 49% to 76% of turnover in every session. On 19 August, NMB reaches its last cum-split day as the Bank of Tanzania holds a 15-year bond auction.
What to watch
Whether value broadens before NMB's 20 to 21 August suspension, and what the official 19 August auction result shows about long-end price discovery.
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 14 Aug 2026 · Source: Dar es Salaam Stock Exchange. Exact values and method remain in the static evidence table below.
Breadth test
Shared index gains need broader participation to become a stronger weekly signal
Signal
4,232.85 rose 1.18% Friday-to-Friday and 9,331.91 1.77%; Banks gained 2.19%, Industrials 1.33% and Commercial Services 0.05%.
Why it matters
The domestic index outpaced the All-Share and every published sector index ended higher, but the evidence still describes one completed week rather than a forecast for the next.
What to watch
Confirmation: DSEI and TSI keep the same direction while more than 13 comparable counters advance. Weakening evidence: the indices diverge or participation narrows.
Liquidity test
The next tape must show whether TZS 30.05bn can distribute beyond one leading name
Signal
Session turnover was TZS 9.75bn Monday, 3.96bn Tuesday, 4.83bn Wednesday, 4.26bn Thursday and 7.25bn Friday, totaling TZS 30.05bn.
Why it matters
CRDB led Monday and NMB led the other four sessions; the top name absorbed 49% to 76% of each session's value.
What to watch
Confirmation: meaningful turnover spreads across more counters. Weakening evidence: one name again takes most value, especially around NMB's scheduled interruption.
Company dispersion
Wide counter moves need turnover confirmation, not extrapolation
Signal
Friday-to-Friday, 13 of 28 comparable counters rose, seven fell and eight were unchanged; PAL led gains at 11.29% and MCB declines at 13.83%.
Why it matters
A positive index week still contained wide company dispersion and several unchanged marks, so price direction and participation remain separate reads.
What to watch
Confirmation: the leading and lagging moves persist with observable turnover. Weakening evidence: extremes fade on thin or absent trading while breadth clusters near unchanged.
Dated company catalyst
NMB's subdivision sequence is a market-mechanics test, not a value signal
Signal
The issuer notice sets 19 August as the last cum-split day, 20 to 21 August for trading suspension, and 24 August for the one-for-ten subdivision to become effective and trading to resume.
Why it matters
The subdivision changes the share count and unit price, not aggregate economic value; comparison across the event requires an adjusted basis.
What to watch
Confirmation: the announced sequence completes and liquidity resumes on the adjusted basis. Weakening evidence: timing changes or post-resumption activity remains concentrated.
Source: NMB Bank Plc issuer notice · first seen 2026-08-16
Go deeper →Dated rates catalyst
Wednesday's 15-year bond auction is the week's clean long-end test
Signal
The latest bill auction cleared at 2.1276% for 35 days, 3.4390% for 91 days, 5.1803% for 182 days and 6.7441% for 364 days; the official calendar places a 15-year bond reopening on 19 August.
Why it matters
The completed bill curve establishes the short-end context, while the bond auction supplies separate primary-market evidence at the long end.
What to watch
Confirmation or weakening comes only from the official auction terms and result. If publication is delayed, the checkpoint remains pending rather than inferred.
External-price test
Next same-source prints test a near-flat shilling and a larger gold move
Signal
The BoT USD/TZS mean moved from 2,644.79 on 7 August to 2,645.24 on 14 August, a 0.02% rise; Mining Commission world gold moved from USD 4,283 to USD 4,397 per ounce, up 2.66%.
Why it matters
The same-date comparison separates an almost unchanged official exchange-rate mean from a larger move in the official local gold reference series.
What to watch
Confirmation: the next observations preserve the gap on their own source clocks. Weakening evidence: the gap closes; either way, providers and vintages remain separate.
The Ghost · edition context
The model-book allocation read
The Ghost's hypothetical TZS 500m model ledger enters the week at +9.21% since inception at its 14 Aug mark. The observable tests are market breadth, value distribution, the 19 August rates print and NMB's dated mechanics; not trading signals.
Open the current Ghost tracker →What this edition watched
DSE breadth and turnover distribution
Thirteen of 28 comparable counters rose, but the leading name absorbed 49% to 76% of every session's turnover; the next closes test whether value broadens.
week of 17 Aug 2026
NMB one-for-ten share subdivision
19 August is the last cum-split date, trading is scheduled to pause on 20 to 21 August and subdivided shares are due to resume on 24 August; comparisons require the adjusted basis.
19 to 24 Aug 2026
BoT 15-year Treasury-bond auction
The official calendar provides the week's dated long-end price-discovery checkpoint; only the published terms and result complete the test.
19 Aug 2026
Next BoT Treasury-bill auction
Auction No. 1204 put the curve from 2.1276% at 35 days to 6.7441% at 364 days; the next result tests the short end on the same official basis.
26 Aug 2026
Official FX and gold observations
USD/TZS was almost unchanged Friday-to-Friday while the local world-gold reference rose 2.66%; each series requires its own next observation.
next same-source dated prints
Week-ahead edition under Convention W; a forward framing of Monday 17 through Friday 21 August 2026, frozen to the verified Friday close (14 August 2026). Equity, index, breadth and turnover figures reconcile to DSE authority files; TZS 30.05bn is the exact sum of five verified sessions from 10 to 14 August. Bank of Tanzania is the authority for FX, the CBR and government-securities dates and results; Mining Commission is the authority for the cited gold series; NMB dates use the reviewed issuer notice. The 24 August NMB resumption falls after the framed week and is shown only to complete the issuer's verified sequence. The Wire hand-off was read first; it contained no primary-grade candidate, so no unverified Wire claim was promoted. No foreign-flow split is inferred, no event outcome is predicted and undated checkpoints remain explicitly undated. Information and education only; not investment advice, a recommendation, a trade instruction or a price target. For live levels, see Markets.