The Chai Tattle - 30th April 2026

Market is spooked as oil shortages actually show up on ships and storage places pushing the price of Brent higher.

The markets are officially spooked before the Labor Day holiday as oil shortages are now tangibly being observed across storage facilities and no news cites a de-escalation or negotiation in the war between Iran and US. This has spooked Pakistani investors as a flurry of selling activity took place on the market, which can be signified by the fact that the benchmark index has fallen more than 7k points in 4 days!

Returns as expected were negatively skewed.

Top News

AGP announced that they have landed contracts to manufacture Xanax, Viagra, and the Oilatum product range in Pakistan.

Earnings

LOTCHEM announced that they have deployed a battery energy storage system for better energy management.

Rs 279.20

Rs 483,500

VIS Credit Rating agency has assigned an A/A2 credit rating to the company CLVL