The Chai Tattle - 17th March 2026
Market jitters keep investors away as clarity on policy enablement measures fails to garner confidence.
MesoQuill Research
Investors are now fully switched off from the equity market as trading was very low and there was some good news with the indices gaining good value but it is just window dressing at this point with the number of trades just above 210k. Part of the reason for investors staying away is Pakistan being sensitive to macroeconomic shocks.
The market delta was skewed positively but with very low liquidity - 30% more than 100k and 56% more then 10k implies there is little to extract from this.
Top News
BFARGO announced successful trial completion of its new facility at M3-Industrial city. It also announced developments in its Poultry and Egg Powder lines.
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.
SECP has issued notices to over 41 SOEs for failure in submitting audited or annual reports.
