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The BriefNo. 291

Covers the close of 22 Oct 2026 verified close

Trading rebounds 43.8%, but three companies take most of the value

  • What happenedMore money changed hands in share trading on Thursday. Most of it involved three companies, limiting what the increase says about the rest.
  • WhyEquity trading totalled TZS 3.462 billion on 22 October, up 43.8% from 21 October. TZS means Tanzanian shillings; figures are rounded.
  • What is nextThe total includes large pre-arranged trades (block trades) and excludes fund units. Value shows activity, not motives.
DSE All-Share4,530.14▼ -0.14%DSEI · 22 Oct close · versus 21 Oct
Tanzania Share Index10,085.33▲ +0.13%TSI · 22 Oct close · versus 21 Oct
USD / TZS2,636.74BoT mean · 23 Oct sheet
Equity turnoverTZS 3.46bnEquity rows · 22 Oct · rounded; funds excluded

Thursday’s verified close

Trading rebounds, but three companies take most of the value

Most of Thursday’s share trading involved three companies. More money traded does not show that activity spread across the market. The DSE detailed table matches the per-security sum. Its opening total differs; this comparison consistently uses the equity table.

Index anatomy · Consecutive closes

Which shares explain the gap?

21 Oct 2026 to 22 Oct 2026. KCP market-cap decomposition, reconciled to the official index gap.

Index change · %

TSI · domestic+0.13%
DSEI · all−0.14%
+0.26 ppDomestic shares outperformed the full listed market.

Contribution to the index gap · pp

KCB+0.15
CRDB+0.12
NMB−0.11
Others, net+0.11
Official index gap+0.26 pp

KCB, CRDB, 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: -0.000017 pp. No balancing adjustment is applied.

Coverage: 28 companies. KCP classification dated 2026-10-19.

All contributions, percentage points
Sharepp
AFRIPRISE-0.000820
CRDB0.117295
DCB0.000000
DSE-0.000808
EABL0.000000
JATU0.000000
JHL0.000000
KA0.071843
KCB0.150235
MBP0.001010
MCB0.002784
MKCB-0.001055
MUCOBA0.000000
NICO-0.003458
NMB-0.112276
NMG0.002402
PAL0.000898
SWALA0.000000
SWIS0.000000
TBL-0.003312
TCC0.021333
TCCL0.017156
TOL0.001931
TPCC-0.002021
TTP0.000000
USL0.000000
VODA0.000000
YETU0.000000

Dollar reference

Friday’s dollar reference remains provisional

The Bank of Tanzania’s Friday dollar reference is slightly higher than Thursday’s final reading. Customer exchange rates can differ. The provisional 23 October mean is TZS 2,636.7419 per US dollar. The finalized 22 October mean is TZS 2,636.2344. The finalized record will test Friday’s provisional mean. This indicative reference excludes customer fees and is not a transaction quote.

Thursday final and Friday provisional dollar references

Observed 30-day range of dollar means; not customer quotes · TZS 2,630.89 per USD to TZS 2,646.23 per USD

  1. 22 October: finalizedTZS 2,636.23 per USD
  2. 23 October: provisionalTZS 2,636.74 per USD
Show as table
Thursday final and Friday provisional dollar references
ObservationDateValue
22 October: finalized2026-10-22TZS 2,636.23 per USD
23 October: provisional2026-10-23TZS 2,636.74 per USD

Opportunity Wire

Pangani Bridge progress leaves funding questions open

Daily News reports Pangani Bridge construction at 72% in a 21 October headline. The excerpt gives no opening date. Completion could add road-crossing capacity. The excerpt does not establish freight savings, payments or what its 124.6bn/- figure represents. A project update with funding details and an opening date would clarify delivery. The headline alone cannot establish those facts.

What the dated Pangani Bridge headline establishes
  1. Headline reports 72% construction completion
  2. No payment details or opening date in the excerpt
Show as table
What the dated Pangani Bridge headline establishes
ObservationDateValue
Headline reports 72% construction completion2026-10-21N/A
No payment details or opening date in the excerpt2026-10-21N/A

Coming up

The next tests, with timing stated

  1. Next verified DSE close

    It can show whether trading remains concentrated in the same companies.

  2. Finalized Bank of Tanzania dollar record

    It will test the provisional 23 October mean; customer rates remain separate.

  3. Pangani Bridge project update

    Funding and opening details would clarify what reported construction progress can deliver.

Information and education only, not advice or a forecast. DSE close: 22 October 2026. Other observations retain their own source dates.

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