DSE All-Share
4,602.26
As at DSEI · 18 Sep close · daily move
Weekly visual edition · Vol. I · No. 260
The Weekly Brief
Saturday, 19 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
10,166.24
As at TSI · 18 Sep close · daily move
USD / TZS
2,641.20
As at BoT mean · 19 Sep sheet
BoT rate
6.25%
As at Central Bank Rate · Q3 2026
Inflation
4.3%
As at NBS · August 2026 headline
This edition in 90 seconds
- 01Shares fell as less money changed hands
- 02Domestic shares led the weekly decline
- 03Less money changed hands across the week
The week in review
Shares fell as less money changed hands
Signal
Tanzania’s main share-price measures fell this week. Less money changed hands in share trading.
Why it matters
Domestic shares fell more than the broader market. Friday close: DSEI 4,602.26, TSI 10,166.24.
What to watch
Next week tests whether trading broadens as prices change.
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 18 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 2026-09-18
Source: Dar es Salaam Stock Exchange ↗
TZS 6.33bn
MonNMB · 53.2%TZS 16.86bn
TueNMB · 76.5%TZS 10.18bn
WedNMB · 34.0%TZS 15.39bn
ThuNMB · 90.5%TZS 4.30bn
FriCRDB · 55.3% 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
53.05bn 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?
5 advanced. 15 declined. The index hid the split.
As at 2026-09-18
Source: DSE verified close history ↗
▲ 5 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▼ 15 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%
2026-09-1891D3.42%
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 2026-09-18
Source: DSE and Bank of Tanzania
DSEI
Local-currency index change−1.20%
Mechanical USD translation−1.32%
TSI
Local-currency index change−2.25%
Mechanical USD translation−2.37%
USD/TZS weakened 0.12% 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 2026-09-18
Source: KCP Weekly Brief and stated public authorities
01
Equities
Domestic shares fell more than the all-share index.
Next test · Price direction and completed trading are distinct.02Fixed income
The bill auction remains dated 9 September.
Next test · Same-maturity comparisons preserve the auction clock.03FX
One dollar required slightly more shillings.
Next test · Official means differ from customer conversion rates.04Commodities
No weekly gold comparison is asserted in this edition.
Next test · Fuel, crop and inflation observations keep separate dates.05The Book
The model is hypothetical and spans different assets.
Next test · Contributions stay separate from performance.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 2026-09-18
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
Domestic shares led the weekly decline
Signal
The all-share index fell 1.20%; the domestic index fell 2.25% between 11 and 18 September.
Why it matters
Banks and finance fell 4.32%, while services rose 9.22%. The broad decline did not describe every sector.
What to watch
Next week: price direction alongside the number of shares that trade.
Trading value
Less money changed hands across the week
Signal
Equity trading totalled TZS 53.054 billion across five sessions, 13.12% below the prior week.
Why it matters
Trading value measures completed exchanges, not new capital raised. Friday’s TZS 4.301 billion is one session, not the week.
What to watch
Next week: total trading and how widely it spreads across companies.
Source: DSE Daily Market Reports, 7 to 18 September 2026; sum of daily equity totals in TZS million divided by 1,000 · first seen 2026-09-18
Go deeper →Rates and policy
Earlier auction yields carry into the next week
Signal
The latest bill auction remains 9 September: annual yields were 2.29%, 3.42%, 4.92% and 6.47%.
Why it matters
Yield is annual return implied by price. The 6.25% policy rate serves a different purpose; neither is a customer’s assured net return.
What to watch
Next official bill result, compared at the same maturity.
Currency
One United States dollar cost slightly more shillings
Signal
The official mean rose 0.13% from TZS 2,637.9658 to 2,641.3390 per United States dollar between the two Fridays.
Why it matters
A higher quote means more shillings per dollar. Customer rates and charges differ; the chart omits the provisional 14 September reading.
What to watch
Next dated sheet; the strip separately shows the provisional 19 September mean.
Prices
Slower food inflation still means rising food prices
Signal
August’s annual inflation was 4.3%, up from July’s 4.2%. Food inflation slowed from 4.1% to 3.7%.
Why it matters
These are monthly readings released on 8 September, not weekly price changes. A slower increase does not mean a cheaper food basket.
What to watch
Next National Bureau of Statistics consumer-price release.
Source: National Bureau of Statistics (NBS), Mainland Tanzania NCPI, August 2026, released 8 September; annual changes, not weekly changes · first seen 2026-09-18
Go deeper →The Ghost · edition context
The model-book allocation read
Hypothetical Ghost: +17.06% since inception, marked 18 September. Contributions are separate from performance; not a real portfolio.
Open the current Ghost tracker →What this edition watched
Equity prices and trading value
Compare five complete sessions; an index rise alone does not establish broader trading.
Week ending 25 September
Treasury-bill auction result
Compare the same maturity and preserve the auction date.
Next official result, date unconfirmed
Official currency observations
Separate indicative means from customer rates and charges.
Next dated Bank of Tanzania sheet
Information and education, not advice or a solicitation. DSE close: 18 Sep 2026. Weekly index endpoints: 11 and 18 September. Trading window: 14 to 18 September. FX strip: provisional 19 September sheet; chart: final observations through 18 September. Inflation is monthly. Live updates: Markets.