The Chai Tattle - 11th March 2026
The market closed on a damper unable to cover the losses on the first day of the trading week.
MesoQuill Research
A volatile day on the market as volume is suffering as investors stay away from the market as the war more or less has come to Pakistan. Provincial and Federal governments have instituted fuel saving measures which will have further dent on investor confidence. The market seem more spooked in Europe as all major indices were down, but Asian markets were up with the exception of India.
The delta distribution was overwhelmingly positive with mean delta for gains above 7.6% while for declines it was below -3.5%.
Top News
QTECH, formerly Chakwal spinning mills have announced that they have entered into a new business line - IT.
PNSC informed that NLC, encouraged by a letter form PM stating that in principle NLC should acquire up to 30% shareholding in PNSC, is going to be pursued by NLC.
Earnings
REV & NI figures are in 000's.
CCP has given the green signal for InDrive to acquire majority shareholding in KRRAVE - an ecommerce platform.
