The Chai Tattle - 13th March 2026
The market closed on a damper unable to cover the losses on the first day of the trading week.
MesoQuill Research
Trading activity on the last day of the week is muted, especially during Ramzan, but is drop, while expected, is worrisome as investors are checked out of the market, as has been the case throughout the week. Key indices declined but the declines were not massive and make sense as investors exited their positions pulling prices down. Crude prices rising even as oil reserves have been released into the market is having an effect on market participation.
The delta distribution was overwhelmingly positive with mean delta for gains above 7.6% while for declines it was below -3.5%.
Top News
PTML, a subsidiary of PTCL, secured spectrum across two bands in the 5G auction for $156.75mn.
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.
Select Technologies, a subsidiary of Airlink, is going the IPO route.
