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The Brief · Friday, 16 October 2026 · Vol. I · No. 285

Share-price measures fell as two banks led trading

Share-price measures fell on Thursday. Most trading went through two banks, so the total gives a limited picture of other shares.

Covers 15 Oct 2026 verified close · Published 2026-10-16 · Read the lead · Soma kwa Kiswahili

The edition’s key figures

This edition in 60 seconds

  1. Market recordShare-price measures fell as two banks led tradingRead →
  2. Capital recordAcross Tanzania’s marketsRead →
  3. Where the trading wentTwo banks took most of the trading valueRead →
  4. Dollar referenceThe dollar reference edges higher, still provisionalRead →

The lead · 15 Oct 2026 verified close

Share-price measures fell as two banks led trading

Signal

Share-price measures fell on Thursday. Most trading went through two banks, so the total gives a limited picture of other shares.

The evidence

DSEI, the All-Share index, closed at 4,572.41, down 0.37%. TSI, the domestic index, closed at 10,066.80, down 0.25%, on 15 October.

What to watch

The comparison is with 13 October, before the holiday. An index combines prices with unequal weights; it does not explain trading motives.

Close anatomy · 2026-10-15

Was the session’s fall broadly shared?

How widely did prices move?

7 rose · 10 fell

7 rose · 10 fell · 3 unchanged

20 of 28 listed shares traded; 8 had no trades.

DSE · 2026-10-15

Where did the money trade?

90.9% in three shares

CRDB 54.0% · NMB 33.3% · NICO 3.7% · Others 9.1%

Share of equity turnover: TZS 2.49bn.

DSE · 2026-10-15
Largest rises
PAL+3.45%
MUCOBA+2.44%
TCCL+1.96%
Largest falls, traded shares
SWIS-6.10%
TOL-5.08%
NICO-4.34%

NMG showed -4.62% as a reference-price change with no DSE trades. It sits outside executed breadth and the faller list.

Index anatomy · Consecutive closes

Which shares explain the gap?

13 Oct 2026 to 15 Oct 2026. KCP market-cap decomposition, reconciled to the official index gap.

Index change · %

TSI · domestic−0.25%
DSEI · all−0.37%
+0.12 ppDomestic shares outperformed the full listed market.

Contribution to the index gap · pp

EABL+0.12
KA+0.07
NMB−0.06
Others, net−0.02
Official index gap+0.12 pp

EABL, KA, NMB have the largest absolute contributions, including offsetting effects. This is not a valuation judgment.

Method and limits

Domestic names: cap change divided by starting domestic cap, minus cap change divided by starting all-market cap. Cross-listed names: subtract the all-market component. KCP checks every company, the implied share basis and each cap-total/index relationship at every retained verified close in the period. This is not official DSE company attribution. Turnover does not enter the calculation. Incompatible basis changes withhold the calculation.

Contributions are rounded; small unallocated residual: -0.000053 pp. No balancing adjustment is applied.

Coverage: 28 companies. KCP classification dated 2026-09-03.

All contributions, percentage points
Sharepp
AFRIPRISE0.000836
CRDB-0.029904
DCB0.000000
DSE-0.001637
EABL0.118580
JATU0.000000
JHL0.000000
KA0.071013
KCB0.000000
MBP-0.001030
MCB-0.001408
MKCB-0.003240
MUCOBA0.000378
NICO-0.011288
NMB-0.057243
NMG0.007074
PAL0.001832
SWALA0.000000
SWIS-0.006182
TBL0.037162
TCC0.002290
TCCL0.017494
TOL-0.005930
TPCC0.004122
TTP0.000000
USL0.000000
VODA-0.025645
YETU0.000000

Capital System Pulse

Across Tanzania’s markets

Six readings, each with its own date. Price and NAV changes do not establish capital flows.

Which ETF grew faster?

IEACLC +10.7%

DSE closing-price change, 2026-07-14 to 2026-10-15. VIS −4.5%. Not total return.

Where the trading went

Two banks took most of the trading value

Signal

CRDB and NMB accounted for most share trading on Thursday. This measures money traded, not the number of investors.

Evidence

The two banks took 87.3% of TZS 2.49 billion traded on 15 October. Figures are rounded; block trades are included and funds excluded.

What to watch

The next verified close will show whether trading spreads to other shares. A large trading share does not establish confidence or motives.

Dollar reference

The dollar reference edges higher, still provisional

Signal

The central bank’s dollar reference rose slightly from Thursday. Both daily observations remain provisional and can change.

Why it matters

Bank of Tanzania’s 16 October mean is TZS 2,633.12 per US dollar, against 2,631.99 on 15 October. Both are rounded indicative references.

What to watch

Finalized records will test these provisional values. Customer rates and fees can differ; the reference is not a transaction quote.

Opportunity Wire

South Sudan requests land for cargo storage

Signal

Sudans Post reports a South Sudan request for cargo-storage land in Tanzania. No site, cost or opening date is confirmed.

Why it matters

The 15 October report describes an inland container depot. If developed, it could give traders another place to handle goods moving through Tanzania.

What to watch

Tanzania’s response and any land agreement are the next tests. The report gives no response deadline or financing commitment.

What to watch

The next tests, without prediction

  1. Next verified DSE close

    Shows whether trading spreads beyond the two banks that dominated 15 October.

    Next official session; publication time unconfirmed

  2. Finalized Bank of Tanzania dollar sheet

    Tests the provisional 15 and 16 October references; neither is a customer quote.

    No confirmed publication time

  3. South Sudan inland depot request

    Tanzania’s response and a land agreement would clarify whether the request can advance.

    No confirmed response or construction date

Editor’s note

I distinguish falling share-price measures from the spread of trading. Two banks still dominated traded value, which does not reveal investor motives. I keep today’s provisional dollar reference separate from Thursday’s market close. The reported depot request is not a land allocation or a funded project; its cost and opening date remain unknown.

Information and education only, not advice or a forecast. DSE close: 15 October 2026. Other observations retain their own source dates.

Share-price measures fell as two banks led trading | KANZA CAPITAL PARTNERS