The Chai Tattle - 11th June 2026
The budget tomorrow did not spark much in terms of activity.
MesoQuill Research
FNEL led an asynchronous day on the stock market accounting for more than 15% of the total turnover as overall trade activity remained low. The energy markets are still spooked as they wait for development on the war and the budget and how it will play into investor sentiment.
The finance minister provided top level economic numbers stating that Pakistan has missed its growth target and the expectation is that tomorrow it will be announced that the FBR target for the FY will be north of 15tn in taxes raised.
The return profile is negatively skewed, with more than 52% of the equities declining in value and less than 40% having a positive delta, however the market weight means that the benchmark index increased incrementally in value.
Top News
Bank Makramah has received an intimation from D/M Holdings led consortium to purchase significant shareholding rights of the bank.
Searle announced that its subsidiary, Nextar has entered in MOU with ATCO Laboratories and MDM to manufacture their products.
