DAR ES SALAAM, Oct. 20 -- EGIONAL stock markets are diverging, with Dar es Salaam Stock Exchange (DSE) losing approximately 0.27 billion US dollars in market value, equivalent to 712bn/-, between September 30 and October 16, 2026, as bank shares led the decline.

Total market capitalisation fell 1.75 per cent to 39.86tri/- . The Banks, Finance and Investment Index dropped about 3.9 per cent, while the Industrial and Allied Index gained 0.8 per cent, indicating a sector-led correction rather than a broad market retreat.

The decline reflects the influence of a few large counters. NMB Bank, CRDB Bank and KCB Group accounted for approximately 60.5 per cent of total market capitalisation at the end of September. By October 16, CRDB had fallen...