DSE All-Share
4,250.04
As at DSEI · 21 Aug close · latest verified
Weekly visual edition · Vol. I · No. 232
The Weekly Brief
Saturday, 22 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
9,321.17
As at TSI · 21 Aug close · domestic board
USD / TZS
2,643.56
As at BoT mean · 22 Aug sheet
BoT rate
6.25%
As at CBR · Q3 2026
Inflation
4.2%
As at NBS · July 2026 headline
This edition in 90 seconds
- 01The All-Share rose, the domestic tape slipped and liquidity thinned into Friday
- 02DSEI edged higher while the domestic index slipped
- 03Verified turnover totaled TZS 23.30bn, then Friday closed as the lightest session
The week in review
The All-Share rose, the domestic tape slipped and liquidity thinned into Friday
Signal
4,250.04 rose 0.41% Friday-to-Friday while 9,321.17 fell 0.12%; five verified sessions carried TZS 23.30bn of turnover.
Why it matters
The week was not a broad risk-on tape: banks dominated money flow, Friday was the lightest session and single-name dispersion stayed wide.
What to watch
Whether next week reconnects index direction, turnover depth and broader participation after the split weekly close.
The visual flagship · seven linked lenses
One week. One market story. Seven ways to test it.
Start with DSEI versus TSI, then test the money, breadth, rates, currency, hypothetical model-book terrain and household transmission chain. Every lens stays frozen to this edition's stated observations.
Did the domestic market and the headline index tell the same story over the covered quarter?
The domestic market against the headline index
As at 21 Aug 2026 · Source: Dar es Salaam Stock Exchange. Exact values and method remain in the static evidence table below.
02 · Turnover concentration
How much traded, and how much did one counter carry?
The week’s money had 5 very different shapes.
As at 2026-08-21
Source: Dar es Salaam Stock Exchange ↗
TZS 4.77bn
MonNMB · 62.6%TZS 6.84bn
TueNMB · 63.0%TZS 7.15bn
WedNMB · 59.2%TZS 3.16bn
ThuCRDB · 49.1%TZS 1.38bn
FriCRDB · 58.6% Session turnover Leading counter shareExplainTurnover concentrationShare of turnover in the leading counterTurnover concentration is the share of total traded value accounted for by one counter or a stated group of counters.How it is calculatedSelected counter turnover ÷ total session turnover × 100.What it does not meanA high share does not establish unusual demand, fair value or repeatable liquidity.Source or method: KCP calculation from DSE traded valueSee it in context →Open the full glossary →Definition only · information and education, not advice
23.30bn shillings traded across 5 sessions, but the darker segment shows why activity and breadth are different questions.
03 · Breadth map
Did the board move with the headline?
12 advanced. 9 declined. The index hid the split.
As at 2026-08-21
Source: DSE verified close history ↗
▲ 12 upExplainDirectional breadthShare of moving counters that advancedDirectional breadth is the share of counters with a price move that advanced rather than declined.How it is calculatedAdvancers ÷ (advancers + decliners). Unchanged and non-trading counters are excluded.What it does not meanIt is not the share of all listed counters, and it says nothing about how much money traded in each name.Source or method: KCP calculation from DSE close countsSee it in context →Open the full glossary →Definition only · information and education, not advice▼ 9 down= 7 unchanged
Only counters with a close inside the weekly window and a prior comparable close enter this map. Names without an in-window print are excluded, not labelled unchanged.
04 · Rates hurdle
What did safe local-currency paper yield?
The short end sat below policy; the 364-day point cleared it.
As at 2026-08-19
Source: Bank of Tanzania ↗
CBR reference6.25%
2026-08-19CBR6.25%
2026-08-1991-day WAR3.44%
2026-08-12182-day WAR5.18%
2026-08-12364-day WAR6.74%
2026-08-12The comparison is a hurdle-rate lens, not a ranking or recommendation. Tenor, duration, liquidity and reinvestment remain different across the instruments shown.
05 · Local vs hard currency
What remained after translating the week through USD/TZS?
A softer shilling reduced, but did not erase; the index gains.
As at 2026-08-21
Source: DSE and Bank of Tanzania
DSEI
Local-currency index change+0.41%
Mechanical USD translation+0.45%
TSI
Local-currency index change−0.12%
Mechanical USD translation−0.08%
USD/TZS weakened -0.04% over the matched weekly window. The hard-currency line is (1 + local index change) ÷ (1 + FX change) − 1; it is an index translation, not an investable portfolio return, and excludes dividends, costs and tax.
06 · Ghost terrain impact
Which evidence changed the hypothetical model-book risk map?
The week changed the terrain, not the mandate.
As at 2026-08-21
Source: KCP Weekly Brief and stated public authorities
01
Equities
DSEI rose 0.41% Friday-to-Friday while TSI fell 0.12%, leaving a split weekly tape.
Next test · Whether domestic breadth reconnects with the headline index next week.02Fixed income
CBR held at 6.25%; the latest bill curve still runs from 3.44% at 91 days to 6.74% at 364 days.
Next test · The next BoT auction on its own official date.03FX
The BoT USD/TZS mean was near-flat from 15 Aug to 22 Aug.
Next test · Whether the next sheets keep the same narrow band.04Commodities
Mining Commission world gold references rose 3.25% from 15 Aug to 21 Aug.
Next test · Whether same-source gold readings hold the higher level.05The Book
This terrain favours evidence discipline over action: split equities, concentrated liquidity and stable FX each tell a different story.
Next test · Whether broader participation appears before any model-book interpretation changes.The Ghost is a hypothetical educational model book. This panel explains terrain impact on its model-book allocation; it is not a signal, instruction or recommendation.
07 · Cost-of-living chain
How can currency pressure travel toward the household basket?
Four clocks. One transmission chain. No forecast.
As at 2026-08-21
Source: BoT · EWURA · MIT · NBS
Each link keeps its own authority and observation clock. The layout shows plausible transmission channels; it does not claim that one observation caused the next.
Equities
DSEI edged higher while the domestic index slipped
Signal
4,250.04 rose 0.41% Friday-to-Friday, while 9,321.17 fell 0.12%; Banks, Industrials and Services all ended slightly lower.
Why it matters
The headline index held up better than the domestic board, so the week was more about composition than broad acceleration.
What to watch
What carries forward: whether next week reconnects the domestic index with the All-Share or keeps a split tape.
Liquidity
Verified turnover totaled TZS 23.30bn, then Friday closed as the lightest session
Signal
Across the five verified sessions, DSE tape history records TZS 23.30bn of turnover; Friday contributed TZS 1.38bn.
Why it matters
NMB led the first three sessions and CRDB led the last two, keeping the money map concentrated even as total weekly value remained measurable.
What to watch
What carries forward: whether value returns after Friday's lighter close or remains dependent on one banking counter per session.
Breadth
Fourteen counters rose, nine fell and seven were unchanged from Friday to Friday
Signal
Among 30 comparable histories, 14 counters rose, nine fell and seven were unchanged; TOL led gains and PAL led declines.
Why it matters
A small positive All-Share week still hid wider single-name dispersion, especially outside the largest banks.
What to watch
What carries forward: whether the extreme moves keep trading support or settle back into the unchanged middle of the board.
Rates
The hurdle-rate picture stayed anchored by the August bill curve
Signal
BoT data show CBR at 6.25%, 91-day WAR at 3.44%, 182-day at 5.18% and 364-day at 6.74% on the latest bill record.
Why it matters
There was no need to manufacture a weekly rate move: the official auction series is event-dated, not daily market tape.
What to watch
What carries forward: the next official bill auction and the latest bond record on their own BoT dates.
FX and gold
The shilling was near-flat while official gold references rose
Signal
BoT USD/TZS moved from 2,645.24 on 15 Aug to 2,643.56 on 22 Aug; Mining Commission world gold rose 3.25% from 15 Aug to 21 Aug.
Why it matters
The hard-currency lens was not driven by shilling stress this week; the larger same-source move sat in gold references.
What to watch
What carries forward: whether the next BoT sheets keep USD/TZS near this band and whether gold references hold the higher level.
Policy
Fresh Wire items were procedural rather than new capital commitments
Signal
The Wire hand-off flagged public procurement regulations, port coordination and budget-process planning as official or operator-sourced items, but not new financing events.
Why it matters
The week added institutional context around execution risk, not a quantified project, tender award or listed-company cash-flow event.
What to watch
What carries forward: named tenders, budget figures, port operating metrics or clauses that turn process signals into measurable capital evidence.
Source: Wire hand-off verified to named sources · first seen 2026-08-21
Go deeper →The Ghost · edition context
The model-book allocation read
The Ghost remains a hypothetical education layer at +9.04% since inception. This week changed the terrain mainly through split equity direction and concentrated liquidity, not through a clean cross-asset signal.
Open the current Ghost tracker →What this edition watched
DSE turnover distribution
Test whether Friday's lighter tape was temporary or the start of lower participation.
Next verified sessions
BoT bill auction
Keep the hurdle-rate read tied to auction-dated evidence, not inferred daily moves.
Next official auction
Wire policy signals
Convert procedural notices into measurable capital evidence only when the authority gives it.
When source documents add figures or clauses
Information and education only. This Weekly Brief covers verified DSE sessions from 17 Aug to 21 Aug 2026 and is frozen to the verified close (21 Aug 2026). It is not investment advice, a recommendation or a solicitation. For live market updates, see Markets.