DSE All-Share
4,658.31
As at DSEI · 11 Sep close · daily move
Weekly visual edition · Vol. I · No. 253
The Weekly Brief
Saturday, 12 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
10,400.36
As at TSI · 11 Sep close · daily move
USD / TZS
2,638.16
As at BoT mean · 12 Sep sheet
BoT rate
6.25%
As at CBR · Q3 2026
Inflation
4.3%
As at NBS · August 2026 headline
This edition in 90 seconds
- 01Share indices rose as less money changed hands
- 02Domestic shares led a week of rising indices
- 03Trading value fell even as both indices rose
The week in review
Share indices rose as less money changed hands
Signal
Friday close: DSEI 4,658.31, TSI 10,400.36. Weekly trading value: TZS 61.068bn.
Why it matters
Higher indices did not establish deeper trading.
What to watch
Next week: 18 September.
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 11 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 2026-09-11
Source: Dar es Salaam Stock Exchange ↗
TZS 17.31bn
MonCRDB · 58.8%TZS 12.56bn
TueCRDB · 50.2%TZS 6.23bn
WedNMB · 44.4%TZS 8.33bn
ThuNMB · 69.4%TZS 16.64bn
FriNMB · 72.8% 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
61.07bn 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?
10 advanced. 10 declined. The index hid the split.
As at 2026-09-11
Source: DSE verified close history ↗
▲ 10 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▼ 10 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 2026-09-09
Source: Bank of Tanzania ↗
Central Bank Rate6.25%
2026-09-1191D3.42%
2026-09-09182D4.92%
2026-09-09364D6.47%
2026-09-09The 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 2026-09-11
Source: DSE and Bank of Tanzania
DSEI
Local-currency index change+2.97%
Mechanical USD translation+2.96%
TSI
Local-currency index change+5.84%
Mechanical USD translation+5.82%
USD/TZS weakened 0.02% 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 2026-09-11
Source: KCP Weekly Brief and stated public authorities
01
Equities
Both indices rose, but weekly trading value fell.
Next test · Comparable index and participation records.02Fixed income
The 9 September Treasury-bill auction carried distinct yields by maturity.
Next test · Same-tenor comparisons at the next official auction.03FX
The official Friday-to-Friday shilling comparison changed little.
Next test · Dated BoT means, separate from customer conversion rates.04Commodities
The price-transmission lens retains separate source dates for fuel, crops and inflation.
Next test · Official observations before connecting changes across markets.05The Book
A share index alone did not describe every model-book exposure.
Next test · Dated marks and contributions in the full hypothetical record.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 2026-09-11
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
Domestic shares led a week of rising indices
Signal
Both official share indices rose. DSEI gained 2.97% and TSI gained 5.84% from 4 to 11 September.
Why it matters
TSI tracks domestic listings. Its larger rise showed that the domestic market outpaced the broader index during this window.
What to watch
Next verified index comparison.
Source: DSE official index endpoints, 4 and 11 September 2026 · first seen 2026-09-11
Go deeper →Trading value
Trading value fell even as both indices rose
Signal
Five sessions recorded TZS 61.068bn in traded shares. This was 29.31% below the preceding five-session week.
Why it matters
Higher indices did not mean more money changed hands. Traded shares recorded 42 advances, 33 declines and 28 unchanged observations. These count each company separately each day, not distinct companies.
What to watch
Next complete trading week.
Source: DSE verified session records, 31 August to 11 September 2026 · first seen 2026-09-11
Go deeper →Government securities
Longer Treasury bills carried higher published yields
Signal
The 9 September auction reported annual yields of 2.29%, 3.42%, 4.92% and 6.47% across the four tenors.
Why it matters
Yield expresses income relative to price on an annual basis. The comparison spans different maturities; it is not four interchangeable products.
What to watch
Next official auction result.
Currency
The official shilling comparison changed little
Signal
The BoT mean moved from TZS 2,638.9608 to 2,637.9658 per US dollar between the two Fridays. That was a 0.04% decline.
Why it matters
A lower USD/TZS quote means fewer shillings per dollar. This small reference-rate move is distinct from a bank customer’s actual conversion rate.
What to watch
Next dated BoT exchange-rate sheet.
Prices
Headline inflation rose; food inflation slowed
Signal
July to August: headline inflation 4.2% to 4.3%; food inflation 4.1% to 3.7%, year on year.
Why it matters
Food prices rose more slowly. They did not fall.
What to watch
Next monthly NBS CPI release.
Source: NBS CPI, August 2026, released 8 September · first seen 2026-09-11
Go deeper →The Ghost · edition context
The model-book allocation read
Hypothetical Ghost: +16.89% since inception, marked 11 September.
Open the current Ghost tracker →What this edition watched
Trading value and participation
Compare five complete sessions.
Friday, 18 September
Bill auction
Compare the same maturity.
Next official auction
Education only, not investment advice or a solicitation. Covered close: 11 Sep 2026. Weekly index endpoints: 4 and 11 September. Trading window: 7 to 11 September.