Tanzania Stock Market Loses US$166 Million in a Week

The Tanzania stock market saw a significant loss of US$166 million in value over the week ending October 2, 2026. The Dar es Salaam Stock Exchange (DSE) dropped by 1.08 percent, with total market value falling to TSh40.4 trillion (US$15.3 billion). NMB Bank, the largest company on the exchange by market value, was the primary contributor to the decline, with its shares dropping 4.23 percent, from 2,130 to 2,040 shillings.

This single company's drop resulted in TSh450 billion (US$170 million) being subtracted from its value. Maendeleo Bank experienced the steepest decline at 7.44 percent, while DCB Commercial Bank and Afriprise Investment each fell by 4.76 percent and 4.49 percent, respectively. Despite these losses, there were some gains, with Nation Media Group rising by 8.62 percent and National Investment Company (ticker Nicol) increasing by 4.43 percent.

The DSE All Share Index fell to 4,631.77 points, and the Tanzania Share Index dropped 1.57 percent to 10,255.60 points. Among sector gauges, the Banks, Finance and Investment Index plummeted by 2.22 percent. Trading volume in the market rose by 1.47 percent, reaching TSh27.87 billion (US$10.6 million). However, the number of shares traded decreased by 8.68 percent, falling from 12.77 million to 11.66 million.

CRDB Bank and NMB Bank accounted for more than four-fifths of the trading value. Foreign investors made up a minority of buyers, comprising 6.48 percent of purchases by value and 33.18 percent of sales from July to September 2026. The Tanzania stock market, despite its small size, has shown a stronger upward trend compared to previous periods.