The Chai Tattle - 26th March 2026

The close of the week brought panic back into the market as talks of a ground invasion from the US looks likely in Iran setting off macroeconomic fears.

The benchmark index dropped more than 5400 points and the broad market more than 2800 points as the possibility of ground warfare in Iran becomes more probable spooking the energy markets which translated into further selloff on the PSX where majority trades tried to offload from their positions. Volume became more diminished, but the range of trades remained in the same ballpark.

Given the large declines in the indexes the skewness towards the left is as expected.

Top News

RMPL has received a Public Intention to acquire from companies and individuals associated with the Mansha family that would give them controlling share of the company.

Earnings

CRESTEX informed that CBL has aquired an additional 9.2mn shares bringing their ownership to 10.9mn share accounting for almost 11% ownership.

279.60 PKR

490,500 PKR

The Sajid Hussain Shah is no longer the CFO for BIFO and a successor will be announced in the near future.

SGPL's Chief Executive has sold 20k shares at a price of 15rs.