The Chai Tattle - 12th March 2026
The market closed on a damper unable to cover the losses on the first day of the trading week.
MesoQuill Research
Overall trading volume declined further as selling pressure took center stage with investors exiting their positions. Around 2/3rd of the equities had declines in their values, and this was seen across the indices which had decent declines, though not massive freefalls as observed in the latest two Mondays. Trading was also volatile going up during mid trading but falling back as some investors tried to lock in daily profits.
The delta distribution was overwhelmingly positive with mean delta for gains above 7.6% while for declines it was below -3.5%.
Top News
ZUMA, previously Bilal fibres has been removed from the non-compliant list following a change in its principal business.
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.
PRL has appointed Mr. Mohsin Ali Mangi as MD and CEO replacing Zafar ul Islam Usmani.
