The Dar es Salaam Stock Exchange total market capitalisation surpassed TZS 40 trillion for the first time in its history during Week 37 of 2026, spanning September 7th to September 11th.
Total market capitalisation closed at TZS 40.61 trillion on Friday 11th September, a +2.97% weekly gain, extending a four-month rally that has added roughly +22% since TZS 33.26 trillion at end-May 2026.
Underneath the milestone, equity turnover fell -29.31% to TZS 61.07 billion, with TCCL (+10.28%) leading gainers.
Throughout this report, individual stock and index percentage changes reflect close-to-close moves between 4th September 2026 (Week 36 of 2026 closing day) and 11th September 2026 (Week 37 of 2026 closing day). Turnover, volume and deals comparisons reflect totals across the full trading weeks.
Equity Turnover and Volume
Equity Turnover excluding ETF trades reached TZS 61.07 billion, a sharp decline of -29.31% compared to Week 36 of 2026’s TZS 86.39 billion.
A total of 27,006,094 shares changed hands across 23,411 deals, a sharp decline of -23.39% versus Week 36 of 2026’s 35,250,858 shares.
NMB led all counters by volume with 13,439,471 shares traded, while NMB dominated by turnover, generating TZS 28.45 billion.
NMB, CRDB, and VODA have been persistent names among the top five counters by turnover across recent weeks.
ETF Trading
ETF trading across the two listed funds generated combined turnover of TZS 2.43 billion on volume of 2,034,553 units, a -56.10% decline versus Week 36 of 2026’s TZS 5.53 billion.
| ETF | Closing Price (TZS) 4th September 2026 | Closing Price (TZS) 11th September 2026 | Variation |
|---|---|---|---|
| IEACLC-ETF | 1,440 | 1,460 | +1.39% |
| VERTEX-ETF | 325 | 310 | -4.62% |
Foreign Investor Activity
Local investors accounted for 99.85% of buying and 89.66% of selling, against foreign investor shares of 0.15% and 10.34% respectively, producing a net foreign net selling position of USD 2,357,472 for the week.
This result extends a four-week streak of foreign net selling on the Dar es Salaam Stock Exchange.
| % Local Buying | % Foreign Buying | % Local Selling | % Foreign Selling | Net Foreign Flow (USD) |
|---|---|---|---|---|
| 99.85% | 0.15% | 89.66% | 10.34% | -2,357,472 |
Market Capitalisation
Historic milestone: Total market capitalisation surpassed the TZS 40 trillion mark for the first time in the Dar es Salaam Stock Exchange’s history at Friday’s close, ending Week 37 of 2026 at TZS 40,607.57 billion (TZS 40.61 trillion), a +2.97% change versus Week 36 of 2026’s TZS 39,435.04 billion. Total market capitalisation has now risen by approximately +22% from TZS 33,263.06 billion at end-May 2026 (Week 20), reflecting sustained investor demand across the exchange.
Domestic market capitalisation stood at TZS 28,276.59 billion, a +5.84% change compared with the prior week.
ETF market capitalisation reached TZS 230.98 billion, a +2.26% change versus Week 36 of 2026.
| Measure | 4th September 2026 (TZS billion) | 11th September 2026 (TZS billion) | Variation |
|---|---|---|---|
| Total Market Capitalisation | 39,435.04 | 40,607.57 | +2.97% |
| Domestic Market Capitalisation | 26,717.21 | 28,276.59 | +5.84% |
| ETF Market Capitalisation | 225.87 | 230.98 | +2.26% |
Indexes
All five indices closed higher relative to Week 36 of 2026, with Banks, Finance & Investment leading the field as the biggest mover.
The All Share Index (DSEI) gained +2.97%, the Tanzania Share Index (TSI) rose +5.84%, Industrial & Allied (IA) advanced +2.46%, Banks, Finance & Investment (BI) surged +7.04%, and Commercial Services (CS) climbed +5.47%.
The DSEI has now posted gains for four consecutive weeks, underscoring a sustained recovery in broader market sentiment.
| Index | Closing Value 4th September 2026 | Closing Value 11th September 2026 | Variation |
|---|---|---|---|
| All Share Index (DSEI) | 4,523.81 | 4,658.31 | +2.97% |
| Tanzania Share Index (TSI) | 9,826.80 | 10,400.36 | +5.84% |
| Industrial & Allied (IA) | 5,033.35 | 5,157.37 | +2.46% |
| Banks, Finance & Investment (BI) | 22,383.13 | 23,958.59 | +7.04% |
| Commercial Services (CS) | 2,957.35 | 3,119.11 | +5.47% |
Stock Performances
The week’s standout performers were TCCL, which advanced +10.28%, NMB, which rose +8.42%, and TCC, which gained +6.67%, all measured against Week 36 of 2026.
On the losing side, DCB led declines with -9.18%, followed by TTP, which fell -5.26%, and KCB, which retreated -4.50%.
TCC has now posted gains for at least three consecutive weeks, underscoring sustained buying interest in the counter.
DSE, meanwhile, has registered losses for at least three consecutive weeks, pointing to persistent selling pressure on the stock.
| Stock | Closing Price (TZS) 4th September 2026 | Closing Price (TZS) 11th September 2026 | Variation |
|---|---|---|---|
| AFRIPRISE | 615 | 605 | -1.63% |
| CRDB | 2,730 | 2,900 | +6.23% |
| DCB | 490 | 445 | -9.18% |
| DSE | 6,410 | 6,390 | -0.31% |
| EABL | 6,030 | 5,920 | -1.82% |
| JATU | 270 | 270 | 0.00% |
| JHL | 8,650 | 8,650 | 0.00% |
| KA | 115 | 115 | 0.00% |
| KCB | 2,220 | 2,120 | -4.50% |
| MBP | 2,010 | 2,030 | +1.00% |
| MCB | 400 | 390 | -2.50% |
| MKCB | 3,700 | 3,730 | +0.81% |
| MUCOBA | 450 | 460 | +2.22% |
| NICO | 4,030 | 3,870 | -3.97% |
| NMB | 2,020 | 2,190 | +8.42% |
| NMG | 340 | 325 | -4.41% |
| PAL | 305 | 305 | 0.00% |
| SWALA | 450 | 450 | 0.00% |
| SWIS | 2,660 | 2,720 | +2.26% |
| TBL | 10,000 | 10,000 | 0.00% |
| TCC | 12,600 | 13,440 | +6.67% |
| TCCL | 3,600 | 3,970 | +10.28% |
| TOL | 1,830 | 1,760 | -3.83% |
| TPCC | 5,760 | 5,770 | +0.17% |
| TTP | 475 | 450 | -5.26% |
| USL | 30 | 30 | 0.00% |
| VODA | 1,050 | 1,110 | +5.71% |
| YETU | 510 | 510 | 0.00% |
Bond Market
Bond turnover totaled TZS 81.01 billion across 131 deals, a plunge of -34.76% compared to Week 36 of 2026’s TZS 124.17 billion.
The yield curve steepened as the 5-year yield fell sharply by -309.6 basis points while the 25-year yield edged higher by +36.6 basis points.
The most dramatic move came at the 15-year tenor, where yields collapsed by -466.1 basis points to settle at 9.5394%.
| Tenor | Coupon (weighted avg) | Weighted Average Yield 11th September 2026 | Weighted Average Yield 4th September 2026 | Change (bps) | Trade Count | Face Value Traded (TZS billion) |
|---|---|---|---|---|---|---|
| 5Y | 12.9461% | 10.3783% | 13.4742% | -309.6 | 9 | 2.1190 |
| 10Y | 11.2710% | 10.4725% | 10.8803% | -40.8 | 7 | 27.2698 |
| 15Y | 12.2317% | 9.5394% | 14.2006% | -466.1 | 6 | 18.2560 |
| 20Y | 12.5398% | 11.3198% | 10.3433% | +97.7 | 74 | 24.0492 |
| 25Y | 14.2732% | 11.0292% | 10.6634% | +36.6 | 26 | 9.1391 |
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