The Chai Tattle - 24th March 2026

The main indices rose on hopes that a diplomatic resolution might be possible on the war in Iran but market activity remains muted.

The trading day started with an obnoxious bullish momentum that quickly turned around and displayed volatility throughout the trading session. Part of trading momentum based on renewed hopes in diplomatic resolution of the war but that seems to not be happening. The market did react strongly to announcement by fertilizer companies penning agreements with MARI for gas supply.

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

MARI has entered into agreements with EFERT, FFC, and FATIMA to enhance gas supply and installation of compression facilities.

Earnings

PTA has approved amalgamation between PTML and Telenor Pakistan.

279.65 PKR

475,000 PKR

The board at AGP has approved a buyback plan for 5.6mn shares with the aim of capital optimization.

TPLT has settled its Sukuk certificates prior to maturity that were issued on March 30, 2021, on March 19, 2026.