DSE All-Share
4,250.04
As at DSEI · 21 Aug close · latest verified
Permanent edition · Vol. I · No. 233
The Brief
Sunday, 23 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 · 23 Aug sheet
BoT rate
6.25%
As at CBR · Q3 2026
Inflation
4.2%
As at NBS · July 2026 headline
This edition in 60 seconds
- 01A split index tape, lighter Friday liquidity and stable FX set up the next evidence tests
- 02The first test is whether DSEI and TSI reconnect after a split week
- 03Friday left the next turnover test at a lower starting point
The week ahead
A split index tape, lighter Friday liquidity and stable FX set up the next evidence tests
Signal
4,250.04 enters Monday after a 0.41% Friday-to-Friday rise while 9,321.17 fell 0.12%; five verified sessions carried TZS 23.30bn of turnover.
Why it matters
The completed week did not give one clean market message: headline index support, domestic softness, bank-led value and near-flat USD/TZS each point to a separate source clock.
What to watch
Confirmation would be broader participation and renewed turnover depth from 24 August. Weakening evidence would be another split tape with one banking counter carrying most value.
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.
Index test
The first test is whether DSEI and TSI reconnect after a split week
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 next week starts with the headline index above the prior Friday but the domestic board slightly lower, so index direction and local participation must be read separately.
What to watch
Confirmation: DSEI and TSI move together with sector support. Weakening evidence: the All-Share holds while the domestic board and sector indices remain soft.
Liquidity test
Friday left the next turnover test at a lower starting point
Signal
Across the five verified sessions, DSE tape history records TZS 23.30bn of turnover; Friday contributed TZS 1.38bn.
Why it matters
The weekly total was measurable, but the lightest session came last and the leading counter still absorbed close to half or more of each session.
What to watch
Confirmation: value returns across more counters. Weakening evidence: another session where one banking name absorbs most traded value.
Breadth test
Single-name dispersion needs traded support before it becomes a stronger signal
Signal
Among 30 comparable histories, 14 counters rose, nine fell and seven were unchanged; TOL led gains and PAL led declines.
Why it matters
The board was not uniformly weak, but large company-level moves can overstate signal quality when the next-session value is thin or absent.
What to watch
Confirmation: leading gainers and laggards keep visible turnover. Weakening evidence: the board clusters back around unchanged closes.
Rates test
The rate setup stays event-dated, not a daily market call
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
The hurdle-rate read should move only when the official auction record moves; the current curve is an anchor, not a forecast.
What to watch
Confirmation: the next official auction preserves the curve shape. Weakening evidence: a dated BoT result changes the short-end or 364-day marker.
FX and gold test
Stable USD/TZS and stronger gold references create different hard-currency questions
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 begins the week with near-flat shilling evidence and a stronger same-source gold reference, so the two should not be collapsed into one story.
What to watch
Confirmation: BoT sheets keep USD/TZS near this band while gold holds the higher reference. Weakening evidence: either source reverses on its own dated series.
Policy test
Fresh Wire items are context until a source adds figures, clauses or dates
Signal
The Wire hand-off is fresh for 23 Aug but carries no primary-source count; its newest items are mostly policy, energy, port and tourism signals without DSE market figures.
Why it matters
That makes the hand-off useful for watchlist context, but not enough to publish a quantified capital event without a named authority and measurable terms.
What to watch
Confirmation: official documents add figures, tenders, clauses or operating metrics. Weakening evidence: items remain rhetoric without a dated measurable record.
Source: Wire hand-off verified to named sources · first seen 2026-08-23
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 index reconnection
Test whether the All-Share and domestic board move together after last week split.
24 Aug and the next verified sessions
Turnover distribution
Check whether value broadens beyond one banking counter after Friday lighter tape.
Next verified DSE sessions
BoT and hard-currency markers
Keep FX, gold and rates tied to their own source clocks before changing the read.
Next official dated sheets and auctions
Information and education only. This Week-ahead Brief is frozen to the verified DSE close (21 Aug 2026) and frames observable tests for the week of 24 Aug to 28 Aug 2026. It is not investment advice, a recommendation or a solicitation. For live market updates, see Markets.