Dar es Salaam Stock Exchange Week 35 of 2026: Equity Turnover Surges +124.77% to TZS 52.37 Billion as NMB (+20.34%) Leads as Best Stock Performer

During Week 35 of 2026, spanning August 24th to August 28th, equity turnover on the Dar es Salaam Stock Exchange surged +124.77% compared to Week 34 of 2026, with NMB (+20.34%, split-adjusted) emerging as the top gainer following a 10:1 share subdivision effective 24th August, in a four-day trading week shortened by Maulid Day on 25th August.

Throughout this report, individual stock and index percentage changes reflect close-to-close moves between 21st August 2026 (Week 34 of 2026 closing day) and 28th August 2026 (Week 35 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 52.37 billion, a surge of +124.77% compared to Week 34 of 2026’s TZS 23.30 billion.

A total of 24,452,958 shares changed hands across 23,207 deals, a surge of +236.76% versus Week 34 of 2026’s 7,261,335 shares.

NMB led all counters by volume with 18,236,217 shares traded, while NMB dominated by turnover, generating TZS 36.06 billion — approximately 69% of the week’s equity turnover, activity that was amplified by the 10:1 stock split effective 24th August.

NMB, CRDB, and VODA have been persistent top-five turnover names across recent weeks.

ETF Trading

ETF trading across the two listed funds generated combined turnover of TZS 1.41 billion on volume of 1,143,799 units, a +16.69% increase versus Week 34 of 2026’s TZS 1.21 billion.

Foreign Investor Activity

Local investors accounted for 99.85% of buying and 60.85% of selling, against foreign investor shares of 0.15% and 39.15% respectively, producing a net foreign net selling position of USD 7,727,923 for the week.

This extends a four-week streak of foreign net selling on the exchange.

Market Capitalisation

Total market capitalisation closed Week 35 of 2026 at TZS 38,743.54 billion, a +4.57% change versus Week 34 of 2026’s TZS 37,048.62 billion.

Domestic market capitalisation stood at TZS 26,982.09 billion, representing a +6.47% increase from Week 34 of 2026.

ETF market capitalisation reached TZS 220.08 billion, a +3.83% gain over the prior week.

Indexes

Four of the five indices closed higher relative to Week 34 of 2026, with Banks, Finance & Investment posting the sharpest move of the week.

The All Share Index (DSEI) gained +4.58%, the Tanzania Share Index (TSI) rose +6.47%, Industrial & Allied (IA) slipped -1.54%, Banks, Finance & Investment (BI) surged +9.95%, and Commercial Services (CS) added +2.88%.

The DSEI has now closed higher for three consecutive weeks.

Stock Performances

NMB led the week’s advancers with a split-adjusted gain of +20.34% following a 10:1 share subdivision effective 24th August, followed by MBP at +17.39% and PAL at +11.11%, all measured against Week 34 of 2026.

On the losing side, MCB suffered the steepest decline at -8.14%, with DCB retreating -7.92% and TCCL slipping -7.00%.

KCB and MBP have now posted gains for three or more consecutive weeks.

DSE and TBL, meanwhile, have continued to slide, extending their losing streaks to at least three consecutive weeks.

* NMB’s Week 34 closing price is shown on a split-adjusted basis (actual unadjusted Week 34 close was TZS 17,700). NMB carried out a 10:1 stock subdivision effective 24th August 2026; the variation shown is calculated on a split-adjusted basis.

Bond Market

Bond turnover totaled TZS 35.22 billion across 89 deals, a sharp decline of -15.98% compared to Week 34 of 2026’s TZS 41.92 billion.

The yield curve steepened as the short end fell sharply, with the 5-year yield dropping -213.8 basis points, while the long end proved more resilient, with the 25-year yield easing a comparatively modest -41.3 basis points.

The most pronounced move came at the 10-year tenor, where yields fell -414.5 basis points to close at 10.6527%.