ABL Islamic Funds Show Mixed Performance in Current Fiscal Year

Karachi, The Pakistan Stock Exchange (PSE) has released detailed financial information for various open-end mutual funds as of December 4, 2023. The ABL Islamic Cash Fund, listed in 2020, reported an offer price of PKR 10.11 and a redemption price of PKR 10 as of the year-end in June, with no distributions for 2021 or 2022.

The ABL Islamic Dedicated Stock Fund, introduced in 2022, showed an offer and redemption price of PKR 7.29 as of June 2023, with no listed distributions since its previous book closure on June 27, 2022.

ABL Islamic Financial Planning Fund, listed in 2016, had various sub-plans with mixed performances. The Active Allocation Plan reported an offer price of PKR 103.12 and a redemption price of PKR 100.78, with a 7.14% distribution in 2021 and none in 2022. The Aggressive Allocation Plan showed an offer price of PKR 116.29 and a redemption price of PKR 113.66, with a significant 11.31% distribution in 2021.

The Capital Preservation Plan I, Conservative Allocation Plan, and Strategic Allocation Plans I, II, III, and IV of the ABL Islamic Financial Planning Fund demonstrated varying results. Notably, the Conservative Allocation Plan reported an offer price of PKR 123.04, a redemption price of PKR 120.25, and a 1.29% distribution in 2021.

Finally, the ABL Islamic Income Fund and ABL Islamic Stock Fund, listed in 2010 and 2013 respectively, showed distinct performances. The Islamic Income Fund had an offer price of PKR 11.14, a redemption price of PKR 10.95, and a 4.20% distribution in 2021, with a specific distribution of Re 0.2970 per unit in 2023. The Islamic Stock Fund reported an offer price of PKR 17.78, a redemption price of PKR 17.37, and a 5.00% distribution in 2021.