DSE All-Share
4,523.81
As at DSEI · 4 Sep close · daily move
Weekly visual edition · Vol. I · No. 246
The Weekly Brief
Saturday, 5 September 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
9,826.80
As at TSI · 4 Sep close · daily move
USD / TZS
2,637.53
As at BoT mean · 5 Sep 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 broad market rose while Tanzania-listed shares ended lower
- 02DSEI gained 1.78% while TSI lost 0.98%
- 03Five sessions carried TZS 86.391bn in equity turnover
The week in review
The broad market rose while Tanzania-listed shares ended lower
Signal
DSEI ended at 4,523.81, 1.78% above 28 August. TSI ended at 9,826.80, 0.98% below 28 August. Five verified sessions recorded TZS 86.391bn in equity turnover.
Why it matters
The two indices cover different groups of shares, so the opposite moves show that the week was not uniform across the market.
What to watch
The next verified sessions will test whether domestic shares recover and whether trading value remains concentrated in a few counters.
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 move together or apart over the covered quarter?
The domestic market against the headline index
As at 4 Sep 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 2026-09-04
Source: Dar es Salaam Stock Exchange ↗
TZS 14.89bn
MonNMB · 86.0%TZS 16.39bn
TueNMB · 81.4%TZS 4.01bn
WedNMB · 49.3%TZS 42.93bn
ThuCRDB · 76.8%TZS 8.18bn
FriCRDB · 54.8% 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
86.39bn 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. 8 declined. The index hid the split.
As at 2026-09-04
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▼ 8 down= 8 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 2026-08-26
Source: Bank of Tanzania ↗
Central Bank Rate6.25%
2026-09-0491D3.40%
2026-08-26182D5.05%
2026-08-26364D6.65%
2026-08-26The 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 2026-09-04
Source: DSE and Bank of Tanzania
DSEI
Local-currency index change+1.78%
Mechanical USD translation+1.88%
TSI
Local-currency index change−0.98%
Mechanical USD translation−0.89%
USD/TZS weakened -0.09% 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 2026-09-04
Source: KCP Weekly Brief and stated public authorities
01
Equities
DSEI rose while TSI fell, and Thursday supplied almost half of weekly turnover.
Next test · Common index direction and broader trading value.02Fixed income
The 10-year Treasury bond auction yield reached 10.69% on 2 September.
Next test · The next same-tenor auction result and demand evidence.03FX
The BoT USD/TZS mean fell 0.09% from Friday to Friday.
Next test · Whether official sheets extend the small move.04Commodities
The Mining Commission world-gold reference fell 2.34% over the same dates.
Next test · Whether same-source readings hold the lower level.05The Book
The week rewarded separating broad-index direction from domestic-share performance.
Next test · Verified evidence 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 2026-09-04
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.
Index direction
DSEI gained 1.78% while TSI lost 0.98%
Signal
DSEI ended at 4,523.81, 1.78% above 28 August. TSI ended at 9,826.80, 0.98% below 28 August.
Why it matters
DSEI includes the broader exchange, while TSI tracks Tanzania-listed shares. Their split means one headline could not describe every market segment.
What to watch
What carries forward: whether the two official indices move back in the same direction during the next complete week.
Source: DSE official index history, 28 August and 4 September 2026 · first seen 2026-09-04
Go deeper →Weekly trading value
Five sessions carried TZS 86.391bn in equity turnover
Signal
Equity turnover, the value of shares traded, totalled TZS 86.391bn across five verified sessions. Thursday supplied TZS 42.930bn of that amount.
Why it matters
One session supplied almost half of the week's value. The complete total is valid, but it does not show evenly distributed activity.
What to watch
What carries forward: whether the next week keeps a similar total without depending on one unusually large session.
Source: DSE verified session history, 31 August to 4 September 2026 · first seen 2026-09-04
Go deeper →Trading participation
Advancing observations outnumbered declines across the week
Signal
Market breadth counts how many traded counters rose, fell or stayed unchanged. The five sessions recorded 45 advances, 37 declines and 18 unchanged observations.
Why it matters
These are session observations, not 100 different companies. They show the balance of daily participation without implying that every rising counter traded heavily.
What to watch
What carries forward: whether advances continue to outnumber declines and whether turnover becomes broader at the same time.
Source: DSE executed-counter history, 31 August to 4 September 2026 · first seen 2026-09-04
Go deeper →Company endpoints
NMG led gains while PAL recorded the largest decline
Signal
NMG rose 23.64% and KCB rose 11.56% from Friday to Friday. PAL fell 12.86% and MBP fell 6.94%.
Why it matters
Endpoint price changes show direction, not how easily each share traded. Volume and order-book depth must be checked separately.
What to watch
What carries forward: whether the largest moves retain trading support in the next verified sessions.
Source: DSE official close history, 28 August and 4 September 2026 · first seen 2026-09-04
Go deeper →Government securities
The 10-year Treasury bond auction yield reached 10.69%
Signal
The 10-year auction yield was 10.69% on 2 September. That was 0.30 percentage points above the prior same-tenor auction.
Why it matters
The yield is the annual rate implied by the auction price. It does not guarantee every saver the same result after access rules, fees or tax.
What to watch
What carries forward: the next official 10-year auction result and its dated demand evidence.
FX and gold
The shilling strengthened slightly while gold ended lower
Signal
The BoT USD/TZS mean fell 0.09% from 28 August to 4 September. The Mining Commission gold reference fell 2.34% over the same dates.
Why it matters
A lower USD/TZS mean indicates a slightly stronger shilling. The two source-price changes use different markets and do not prove a shared cause.
What to watch
What carries forward: whether the next official observations extend either move on the same source basis.
The Ghost · edition context
The model-book allocation read
The Ghost remains a hypothetical education layer at +12.68% since inception. The week changed the evidence terrain through split index direction, uneven turnover and a higher 10-year auction yield, not through a uniform market signal.
Open the current Ghost tracker →What this edition watched
DSE index direction
Test whether DSEI and TSI return to the same direction.
Next verified sessions
Weekly turnover distribution
Test whether trading value remains dependent on one large session.
Friday, 11 September
Executed market breadth
Check whether advances keep outnumbering declines alongside broader trading value.
Next complete week
BoT 10-year bond auction
Compare the next same-tenor yield and demand evidence on their own dates.
Next official auction
Information and education only. This Weekly Brief covers five verified DSE sessions from 31 Aug to 4 Sep 2026 and is frozen to the verified close (4 Sep 2026). Weekly turnover and executed-breadth figures are complete for that window; Friday concentration remains session-only. It is not investment advice, a recommendation or a solicitation. For live market updates, see Markets.