Tanzania Share Index 10,066.80 ▼ 0.25%USD / TZS 2,633.12Equity turnover TZS 2.49bn 15 Oct 2026 verified close
Tanzania Intelligence

The Brief

Vol. I · No. 285
Friday, 16 October 2026
Verified closeDSE · BoT · frozen to the covered session15 Oct 2026 verified close

A daily reading of Tanzania’s markets, capital and policy, with regional and global forces when they materially change the read. Information and education, never advice.

The Brief is written the morning after the market closes. This edition analyses Thursday, 15 October 2026; the most recent verified session. Its figures are frozen to that close; for today’s live moves see Markets.

DSE All-Share
4,572.41▼ 0.37%
DSEI · 15 Oct close · versus 13 Oct
Tanzania Share Index
10,066.80
TSI · 15 Oct · domestic
USD / TZS
2,633.12
BoT mean · 16 Oct sheet
91-day T-bill
3.49%
BoT WAR · latest auction
364-day T-bill
6.28%
BoT WAR · latest auction
Today in 60 seconds
  1. Share-price measures fell as two banks led trading
  2. Two banks took most of the trading value
  3. The dollar reference edges higher, still provisional
WatchNext verified DSE closeNext official session; publication time unconfirmed
Read the full Brief ↓

Did the domestic market and the headline index move together or apart over the covered quarter?

The domestic market against the headline index

Cumulative TSI return minus cumulative DSEI return · frozen at the 2026-10-15 covered session

+0.47 ppCurrent spread+1.98 ppHighest spread-0.94 ppLowest spread
Coverage 2026-07-20 → 2026-10-15 Vintage 2026-10-15 · final Revision current · v0
The domestic market against the headline index. Exact values underlying the chart.
DateRelationshipCumulative gap (pp)
2026-07-20Cumulative TSI minus DSEI0
2026-07-21Cumulative TSI minus DSEI0.16
2026-07-22Cumulative TSI minus DSEI0.25
2026-07-23Cumulative TSI minus DSEI0.35
2026-07-24Cumulative TSI minus DSEI-0.75
2026-07-27Cumulative TSI minus DSEI0.25
2026-07-28Cumulative TSI minus DSEI0.64
2026-07-29Cumulative TSI minus DSEI0.73
2026-07-30Cumulative TSI minus DSEI0.71
2026-07-31Cumulative TSI minus DSEI0.78
2026-08-03Cumulative TSI minus DSEI0.7
2026-08-04Cumulative TSI minus DSEI0.58
2026-08-05Cumulative TSI minus DSEI0.36
2026-08-06Cumulative TSI minus DSEIN/A
2026-08-07Cumulative TSI minus DSEI0.03
2026-08-10Cumulative TSI minus DSEI0.4
2026-08-11Cumulative TSI minus DSEI0.64
2026-08-12Cumulative TSI minus DSEI0.43
2026-08-13Cumulative TSI minus DSEI0.35
2026-08-14Cumulative TSI minus DSEI0.6
2026-08-17Cumulative TSI minus DSEI0.41
2026-08-18Cumulative TSI minus DSEI0.3
2026-08-19Cumulative TSI minus DSEI0.02
2026-08-20Cumulative TSI minus DSEI0.16
2026-08-21Cumulative TSI minus DSEI0.08
2026-08-24Cumulative TSI minus DSEI0.46
2026-08-26Cumulative TSI minus DSEI0.98
2026-08-27Cumulative TSI minus DSEIN/A
2026-08-28Cumulative TSI minus DSEI1.63
2026-08-31Cumulative TSI minus DSEIN/A
2026-09-01Cumulative TSI minus DSEI1.23
2026-09-02Cumulative TSI minus DSEI0.18
2026-09-03Cumulative TSI minus DSEI-0.9
2026-09-04Cumulative TSI minus DSEI-0.94
2026-09-07Cumulative TSI minus DSEI0.49
2026-09-08Cumulative TSI minus DSEI1.04
2026-09-09Cumulative TSI minus DSEI1.09
2026-09-10Cumulative TSI minus DSEI1.98
2026-09-11Cumulative TSI minus DSEI1.84
2026-09-14Cumulative TSI minus DSEI1.61
2026-09-15Cumulative TSI minus DSEI1.4
2026-09-16Cumulative TSI minus DSEI1.55
2026-09-17Cumulative TSI minus DSEI0.67
2026-09-18Cumulative TSI minus DSEI0.78
2026-09-21Cumulative TSI minus DSEI1.42
2026-09-22Cumulative TSI minus DSEI1.45
2026-09-23Cumulative TSI minus DSEI1.41
2026-09-24Cumulative TSI minus DSEI1.49
2026-09-25Cumulative TSI minus DSEI1.53
2026-09-28Cumulative TSI minus DSEI1.22
2026-09-29Cumulative TSI minus DSEI1.16
2026-09-30Cumulative TSI minus DSEI1.36
2026-10-01Cumulative TSI minus DSEI1.06
2026-10-02Cumulative TSI minus DSEI1.03
2026-10-05Cumulative TSI minus DSEI0.97
2026-10-06Cumulative TSI minus DSEI1
2026-10-07Cumulative TSI minus DSEI0.91
2026-10-08Cumulative TSI minus DSEI0.64
2026-10-09Cumulative TSI minus DSEI0.66
2026-10-12Cumulative TSI minus DSEI0.63
2026-10-13Cumulative TSI minus DSEI0.35
2026-10-15Cumulative TSI minus DSEI0.47

Read: Above zero means the domestic index led. Below zero means the all-share led. A flat line near zero means their paths were similar.

Index scope differs. The measure adds only sessions with comparable published returns and is not a portfolio return. The excluded session remains disclosed in the values table.

DSE Tape Check

Market breadth
Negative tilt
7 rose, 10 fell
Advancers against decliners on the verified DSE close.
Turnover concentration
Block-driven
One name carried the tape
CRDB Bank was 54% of turnover; index moves overstate how broad the day really was.

Descriptive flags from the verified DSE close; not signals, predictions, or advice. The official close, fully broken down; After the Bell →

Thursday’s 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.

Why it matters

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.

Source: Dar es Salaam Stock Exchange, verified 13 and 15 October closes · Edition 16 Oct 2026
Go deeper →
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.

Why it matters

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.

Source: Dar es Salaam Stock Exchange · Edition 16 Oct 2026 · Data verified · interpretation: Medium confidence
Go deeper →
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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.

Source: Bank of Tanzania · Edition 16 Oct 2026 · Data verified · interpretation: Medium confidence
Go deeper →
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.

Source: sudanspost.com · Edition 16 Oct 2026 · Data as reported · interpretation: Medium confidence
Go deeper →
The Ghost

The model book

The hypothetical Ghost model book recorded +17.24% since inception at the 15 October mark. Modified Dietz, its calculation method, accounts for contribution timing. This is a model result, not a live portfolio or a daily index return.

Ghost relevance: how today’s rates, FX, gold and inflation read against a hypothetical model-book; educational, not advice.

Open the Ghost tracker → The terrain it reads →
Week ahead; what to watch
WhenEventWhy it matters
Next official session; publication time unconfirmedNext verified DSE closeShows whether trading spreads beyond the two banks that dominated 15 October.
No confirmed publication timeFinalized Bank of Tanzania dollar sheetTests the provisional 15 and 16 October references; neither is a customer quote.
No confirmed response or construction dateSouth Sudan inland depot requestTanzania’s response and a land agreement would clarify whether the request can advance.
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Information and education only, not advice or a forecast. DSE close: 15 October 2026. Other observations retain their own source dates.

Archive; past editions59
Share-price measures fell; two banks dominated tradingThursday, 15 October 2026Share-price measures fell; trading stayed concentratedWednesday, 14 October 2026Indices rose, with trading concentrated in two banksTuesday, 13 October 2026Share prices rose, but the gains were unevenMonday, 12 October 2026Friday’s rise left share prices lower for the weekSaturday, 10 October 2026Share-price measures fell on a quieter trading dayFriday, 9 October 2026Share-price measures fell as more money changed handsThursday, 8 October 2026Share-price measures rose as less money changed handsWednesday, 7 October 2026Share-price measures fell while trading value barely changedTuesday, 6 October 2026More money traded in shares as both price indices fellMonday, 5 October 2026Domestic shares fell faster than the wider marketSaturday, 3 October 2026Share trading slowed as both price indices fellFriday, 2 October 2026Share trading rose as both price indices edged higherThursday, 1 October 2026More money traded in shares while both indices fellWednesday, 30 September 2026Both share indices fell as trading value roseTuesday, 29 September 2026Share prices rose, but two banks carried most trading valueMonday, 28 September 2026Can the share-price rise hold across more of the market?Sunday, 27 September 2026Domestic shares rose faster than the wider marketSaturday, 26 September 2026Share indices rose, while two banks carried most trading valueFriday, 25 September 2026Share-price measures fell; two banks carried most trading moneyThursday, 24 September 2026Shares rose, but one bank carried most trading valueWednesday, 23 September 2026Share prices rose, and more traded companies advanced than declinedTuesday, 22 September 2026Share indices fell, with most trading in two banksMonday, 21 September 2026Wednesday tests borrowing costs after a weaker share-trading weekSunday, 20 September 2026Shares fell as less money changed handsSaturday, 19 September 2026Share indices fell as NMB dominated tradingFriday, 18 September 2026Both indices fell as trading stayed narrowThursday, 17 September 2026Indices split, trading stayed concentratedWednesday, 16 September 2026Indices rose, trading stayed narrowTuesday, 15 September 2026Friday gains, concentrated tradingMonday, 14 September 2026Will trading value catch up with rising indices?Sunday, 13 September 2026Share indices rose as less money changed handsSaturday, 12 September 2026Both main indices rose as two banks carried most tradingFriday, 11 September 2026Both main indices rose as equity turnover fell by halfThursday, 10 September 2026The broad index fell while domestic shares edged higherWednesday, 9 September 2026Both main indices rose again, while two banks carried most trading valueTuesday, 8 September 2026Both main indices rose, but two banks still carried most trading valueMonday, 7 September 2026Index direction, trading breadth and Wednesday's bill auction set the next testsSunday, 6 September 2026The broad market rose while Tanzania-listed shares ended lowerSaturday, 5 September 2026CRDB supplied more than three quarters of Thursday's equity turnoverFriday, 4 September 2026Wednesday's DSE close combined a higher DSEI with a lower TSIThursday, 3 September 2026Tuesday's indices weakened while NMB carried most trading valueWednesday, 2 September 2026Monday eased while one bank carried most trading valueTuesday, 1 September 2026Friday rose, but one bank still carried most trading valueMonday, 31 August 2026Comparability, liquidity breadth and Wednesday's bond auction set the next evidence testsSunday, 30 August 2026Index returns stayed unavailable as Friday liquidity remained concentratedSaturday, 29 August 2026DSE index returns went unavailable as NMB carried 89.8% of turnoverFriday, 28 August 2026Mobile access widened as the verified tape strengthened and bill yields fellThursday, 27 August 2026Swissport’s cash conversion strengthened while DSE index returns remained unavailableWednesday, 26 August 2026The DSE scale changed while the underlying equity tape remained activeTuesday, 25 August 2026The DSE indices eased as CRDB carried most verified turnoverMonday, 24 August 2026A split index tape, lighter Friday liquidity and stable FX set up the next evidence testsSunday, 23 August 2026The All-Share rose, the domestic tape slipped and liquidity thinned into FridaySaturday, 22 August 2026DSEI edged up as CRDB led the verified turnover poolFriday, 21 August 2026DSEI rose as NMB carried 59.2% of turnoverThursday, 20 August 2026Friday's wider advance still depended on three counters for 84.7% of turnoverMonday, 17 August 2026NMB mechanics and a long-bond auction turn last week's gains into tests of market depthSunday, 16 August 2026Both indices rose, but five-session turnover still depended on a few namesSaturday, 15 August 2026Both headline indices accelerated; NMB still carried 66.1% of turnoverFriday, 14 August 2026