Pakistan News

    Number Of Mutual Funds In Pakistan

  • Mutual funds hold Rs482 billion

    KARACHI: The size of the mutual funds industry stood at Rs482 billion on March 31, 2015, down by Rs15bn, or 3 per cent, from Rs497bn the earlier month...

    The amount was spread over three categories: Open-end mutual funds that claim the biggest share of the pie amounting to Rs454bn; closed-end mutual funds at Rs17bn and pension funds at Rs11bn...

  • Guidelines issued for CPPI-based mutual funds

    ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has issued requirements for managing internationally renowned Constant Proportion Portfolio Insurance (CPPI) methodology based mutual funds to ensure their sustainable growth...

    These funds — launched by asset management companies (AMCs) in recent years — aim to preserve capital at maturity of the fund while providing exposure to equity market or other assets, based...

  • Mutual funds, not brokers, dictate the bourse now

    On Tuesday, when the KSE-100 index tanked 2,153 points, the record single-day decline, investors went into a panic selling in the lead of mutual funds which sold equity worth $11...

    While all local and foreign participants — including individuals and institutions such as banks, corporates and insurance companies, extended their selling spree — mutual funds absorbed all of the sell-off with net buying of $15...

  • Mutual funds strive for growth in new products

    Over the last few years, the local mutual fund industry has shown sizeable growth in terms of assets as well as product offerings...

    At the end of last month, asset under management (AUM) of the mutual fund industry, comprising of 20 companies, stood at Rs482bn...

  • Mutual funds exempted from IFRS-10

    ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has exempted mutual funds from International Financial Reporting Standards-10 (IFRS-10)...

    The requirements of consolidation under section 237 of the 1984 Companies Ordinance and IFRS-10 will not apply to investment by companies in mutual funds established under trust structure, the SECP said in a statement on Friday...

  • Stocks continue to soar for second consecutive day as mutual funds, banks spring into action

    com, a fund manager at an asset-management company, said the most probable reason for today's rally was participation of mutual funds as underweighted funds took positions for the year ahead, encouraged by the optimism seen in the past two days...

    He said recently there was a recomposition of the KMI index with changes in weights assigned to major companies such as the Pakistan State Oil (PSO), Dawood Hercules (DH), Hub Power Company...

  • Let mutual funds subscribe to energy sukuk

    The issue, subscription and listing of the Pakistan Energy Sukuk-1 (PES-1) of Rs200 billion — billed as the largest Sharia-compliant financial instrument ever listed on the Pakistan Stock Exchange (PSX) — were completed in the autumn of 2019...

    The required sum of Rs200bn was raised through subscription by eight banks, namely Meezan Bank, Faysal Bank, BankIslami Pakistan, Dubai Islamic Bank Pakistan, MCB Islamic Bank, Al Baraka Bank...

  • Stocks rally 531 points on mutual fund buying

    The gainers were led by the mutual funds, which made hefty purchases of value stocks at bargain prices on the relief offered by the Securities and Exchange Commission of Pakistan with regulatory change that seeks to waive the requirement for maintaining a minimum of 5pc of assets in cash...

    Fresh liquidity found its way into equities as was seen in the figures released by the National Clearing Company of Pakistan showing mutual funds...

  • Xi to Indian PM: China, India must build mutual trust

    BEIJING: Chinese President Xi Jinping told Indian Prime Minister Narendra Modi that the two Asian giants should build mutual trust by "controlling their differences" and strengthening cooperation...

    "We must work together to enhance mutual trust, control our differences and problems to avoid them interfering with bilateral relations," Xi was quoted as telling Modi, according to a statement on the website of China's foreign ministry...

  • Film-makers asked to look towards Italy for mutual benefits

    The Italian consulate in Karachi on Thursday held an event in which they sought to bring together members of Pakistan’s film and culture community at a seminar titled Destination Italy...

    Introducing the guests, media personality Imran Aslam said: “The possibilities of a collaboration between Italy and Pakistan are numerous...

  • Inquiry shows three zoo black bucks died from mutual fight

    KARACHI: An inquiry report recently submitted to the commissioner Karachi has declared that a ‘mutual fight’ led to the death of ‘three male black bucks’ at the zoo a week ago, it emerged on Thursday...

    “We all officers discussed the matter, examined the post-mortem report and saw pictures of the animal remains and have come to the conclusion that it is a clear case of a mutual fight among male black bucks...

  • Putin my fan? It’s mutual says Trump

    WASHINGTON: Mutual admiration between Donald Trump and President Vladimir Putin continued to flower on Friday, when the Republican presidential frontrunner praised Russia’s leader as forceful and popular...

  • More
Back to top