The Chai Tattle - 3rd March 2026
The market rebounds after a record halt but are there signs of stability.
MesoQuill Research
The market indices rebounded following yesterday's chaotic day, but trading was volatile and most of the equities still lost in value and the gain can understandably attributed to investor trying to buy the dip but geopolitically the situation has not changed, and each day will be unexpected till there is clarity.
As visible in the graphs below the skewness was negative but some of that was negated by capital flow to KSE100 stocks.
Top News
The board for CPHL has approved IPO initiation for subsidiary - Citi Veterinary Pharma Limited.
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.
