Dar es Salaam shares fell 4.9% in October as bank stocks declined

Wednesday 11th November 2026

By inAfrika Newsroom

The Dar es Salaam Stock Exchange All Share Index fell 4.9% in October to 4,424, according to a Kadoo Securities review of exchange data published on 11 November. The Tanzania Share Index also fell 4.9%, to 9,836, as weakness in bank shares outweighed gains in industrial stocks.

Investors traded TZS 96.93 billion in equities over 21 sessions, the broker’s report showed. Overall market capitalisation fell 4.9% to TZS 38.57 trillion. The banking, finance and investment index fell 8.4%, while the industrial and allied index rose 4.9%.

NMB Bank shares fell 10.8% over the month. Kadoo said that large negotiated trades in the bank’s shares and foreign selling put pressure on the market, particularly in the final week. Foreign investors sold TZS 37.1 billion more in shares than they bought over the month.

Government bonds changed hands for TZS 644.27 billion over the month, against a face value of TZS 539.85 billion. The market review measures trades in existing securities, separately from government bond auctions.

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