The Chai Tattle - 2nd March 2026
A brief summary of the economic market at end of day looking at indicators and metrics not found elsewhere.
MesoQuill Research
The escalating war between US, Israel and Iran made its way to the Pakistan Stock Exchange which was experiencing an unprecedented selloff as investors tried to take cash and offload their positions with the benchmark index dropping a record 16000+ points.
The breakdown of delta makes little sense to do as there were just a handful of equities that increased while the rest decreased.
Top News
Trading was halted on the PSX in the first 35 minutes as the KSE30 dropped more than 5%.
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.
Oil has jumped more than 10% in the market as insurance from Lloyd's and others jumps tenfold and shipping through the strait of Hormuz comes to a standstill.
