It would be neat if it were possible but that isn't a straightforward way of acheiving this.
What we can do is load the data into a regular PL/SQL collection and then load that into an associative array. Whethter this is faster than just looping round the table is a matter of tatse: it probably doesn't matter unless we're dealing with loads of data.
Given this test data ...
SQL> select * from t23
2 order by c1
3 /
C1 C2
-- ---
AA ABC
BB BED
CC CAR
DD DYE
EE EYE
ZZ ZOO
6 rows selected.
SQL>
...we can populate an associative array in two steps:
SQL> set serveroutput on
SQL>
SQL> declare
2 type varassoc is table of varchar2(3) index by varchar2(2);
3 vars varassoc;
4
5 type nt is table of t23%rowtype;
6 loc_nt nt;
7
8 begin
9 select * bulk collect into loc_nt from t23;
10 dbms_output.put_line('no of recs = '||sql%rowcount);
11
12 for i in loc_nt.first()..loc_nt.last()
13 loop
14 vars(loc_nt(i).c1) := loc_nt(i).c2;
15 end loop;
16
17 dbms_output.put_line('no of vars = '||vars.count());
18
19 dbms_output.put_line('ZZ = '||vars('ZZ'));
20
21 end;
22 /
no of recs = 6
no of vars = 6
ZZ = ZOO
PL/SQL procedure successfully completed.
SQL>
The real question is probably whether populating an associative array performs better than just selecting rows in the table. Certainly if you have 11g Enterprise edition you should consider result set caching instead.