DSE All-Share
4,539.27
As at DSEI · 23 Oct close · daily change
Weekly visual edition · Vol. I · No. 292
The Weekly Brief
Saturday, 24 October 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
10,114.38
As at TSI · 23 Oct close · daily change
USD / TZS
2,637.82
As at BoT mean · 24 Oct sheet
Central Bank Rate
6.25%
As at Bank of Tanzania · Q4 2026 policy
USD / TZS in this edition: BoT mean · 24 Oct sheet. Source: Bank of Tanzania daily rates ↗
This edition in 90 seconds
- 01The headline fell, but domestic shares gained
- 02A falling All-Share index hid a domestic gain
- 03Two banks took four shillings in every five
The week in review: 19 to 23 October
The headline fell, but domestic shares gained
Signal
The broad share-price measure fell this week while the domestic measure rose. The market’s direction depended on which companies counted.
Why it matters
All-Share fell 0.73% and the domestic index rose 0.35% between Friday closes. Industrial shares gained, while banks slipped.
What to watch
Coverage and company weights matter. Friday close: DSEI 4,539.27, TSI 10,114.38. Neither index says how widely gains were shared.
The visual flagship · edition-bound analysis
One week. One market story. Test it against the evidence.
Start with DSEI versus TSI, then test the money, breadth, rates, currency,with additional lenses only where this edition supplies them. Every lens stays frozen to this edition's stated observations.
Close anatomy
Was the market move broadly funded?
23 Oct 2026 verified close
8 of 19 moving counters advanced, while 92.4% of turnover passed through CRDB, NMB, NICO.
Market participation
8 up / 11 down- Advanced 8
- Declined 11
- Unchanged 2
21 traded counters. Each square is one counter.
Turnover concentration
92.4% top 3CRDB 53.2%NMB 35.6%NICO 3.5%Other 7.6%
Largest verified moves
Not the full board- USL+20.00%
- AFRIPRISE+7.91%
- TCCL+3.96%
- NMG-24.56%
- TTP-10.71%
- PAL-8.33%
Index anatomy
Which shares explain the gap?
Period: 16 Oct 2026 to 23 Oct 2026
A verified, source-dated domestic and cross-listed company classification is unavailable for this period.
No contribution is estimated.
02 · Turnover concentration
How much traded, and how much did one counter carry?
The week’s money had 5 very different shapes.
As at 2026-10-23
Source: Dar es Salaam Stock Exchange ↗
TZS 2.84bn
MonNMB · 44.9%TZS 4.20bn
TueNMB · 41.5%TZS 2.41bn
WedNMB · 49.0%TZS 3.46bn
ThuNMB · 35.6%TZS 3.82bn
FriCRDB · 53.2% 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
16.73bn 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?
6 advanced. 18 declined. The index hid the split.
As at 2026-10-23
Source: DSE verified close history ↗
▲ 6 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▼ 18 down= 4 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 2026-10-21
Source: Bank of Tanzania ↗
Central Bank Rate6.25%
2026-10-2391D3.64%
2026-10-21182D5.57%
2026-10-21364D6.13%
2026-10-21The 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?
Index directions differed; read each local change beside its USD translation.
As at 2026-10-23
Source: DSE and Bank of Tanzania
DSEI
Local-currency index change−0.73%
Mechanical USD translation−0.85%
TSI
Local-currency index change+0.35%
Mechanical USD translation+0.23%
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.
Share prices
A falling All-Share index hid a domestic gain
Signal
The broad market measure fell, but the measure for domestic companies rose. Different company coverage can change the picture.
Why it matters
From 16 to 23 October, All-Share fell 0.73% while the domestic index rose 0.35%. Industrials gained 3.21%; banks fell 0.16%.
What to watch
An index combines company prices with unequal weights. These changes do not prove that gains were widespread or explain investor motives.
The weekly trading record
Two banks took four shillings in every five
Signal
Most of the week’s share trading went through two banks. A busy market was not equally busy across companies.
Why it matters
The five sessions totalled TZS 16.73bn. CRDB and NMB contributed 81.3%, calculated from each company’s reported traded value.
What to watch
Turnover is the value traded, not fresh funding for a company. The total includes reported blocks and cannot establish buying motives.
Currency
The dollar reference rose again
Signal
A dollar required slightly more shillings than on the previous Friday. This changes how a shilling result translates into dollars.
Why it matters
The finalized mean rose from TZS 2,633.1199 on 16 October to 2,636.7419 on 23 October, a 0.14% increase.
What to watch
This is a reference rate, not a customer quote. A dollar-converted share result also depends on exchange timing, fees and dividends.
Government borrowing
Shorter and longer bill rates moved apart
Signal
The new auction did not move every borrowing rate in the same direction. The 91-day rate rose while the 364-day rate fell.
Why it matters
On 21 October, the 364-day yield was 6.1342%, against 6.2839% on 7 October. The 91-day yield rose from 3.4908% to 3.6357%.
What to watch
Yield is the annualised return implied by the auction price. These results do not establish customer returns after fees or tax.
Opportunity Wire
Faster student-loan payments remain a proposal
Signal
The student-loan board is considering faster payments. The proposal does not establish new loan money or a launch date.
Why it matters
Daily News reported the proposal on 22 October. Paying sooner could shorten students’ wait, without increasing their loan amounts.
What to watch
A formal implementation notice would clarify the payment channel and timing. The retained report excerpt gives no funding details.
Source: dailynews.co.tz · published 2026-10-22
Go deeper →The Ghost · edition context
The model-book allocation read
The hypothetical Ghost model book recorded +17.33% since inception at the 23 October mark. Modified Dietz accounts for contribution timing; this is not a weekly return or a live portfolio.
Open the current Ghost tracker →What this edition watched
Next official DSE close
Shows whether the domestic and broad indices keep moving differently; company-level prices are needed to assess breadth.
Next verified session; publication time unconfirmed
Next bill-auction result
Tests whether the split between 91-day and 364-day yields persists.
No next date verified in the frozen auction record
Student-loan payment implementation
A named payment channel and timetable would distinguish a proposal from a service students can use.
Launch date not disclosed in the retained report
Information and education, not advice or a solicitation. Week: 19 to 23 October 2026, five verified DSE sessions. DSE frozen to the verified 23 October close. Weekly index changes compare 16 and 23 October; the strip and movers show Friday session changes. DSE means Dar es Salaam Stock Exchange. DSEI covers all listings, including cross-listed companies; TSI covers domestic companies. Indices combine prices with unequal weights, exclude dividends and do not establish how many shares rose. Weekly equity turnover totals TZS 16,732,526,815, summed from 28 company rows in each of five reports; ETFs and bonds are excluded, reported block trades included. Friday alone totals TZS 3,823,271,810. Prose rounds weekly changes to two decimals and the two-bank share to one; charts retain four-decimal index changes and exact turnover amounts. Currency comparison: finalized 16 and 23 October BoT means. The strip separately uses the provisional 24 October sheet. BoT means Bank of Tanzania; USD means US dollars; TZS means Tanzanian shillings; bn means billion. Auction comparison: 7 and 21 October, not a weekly return. The HESLB (Higher Education Students’ Loans Board) story retains its 22 October publication and proposal status; the excerpt does not establish new funding, implementation or a launch date. These observations do not establish a common cause. Terms: /learn/glossary. Live updates: Markets.