AKD Investment Management Limited Reports Half-Yearly Financial Results

Karachi, According to information available from the Pakistan Stock Exchange (PSX), AKD Investment Management Limited (AKDIML), the Management Company of several funds including AKD Opportunity Fund (AKDOF), Golden Arrow Stock Fund (GASF), and AKD Islamic Stock Fund (AKDISSF), is pleased to announce its financial results for the half year ended December 31, 2023. The Board of Directors highlighted notable financial performances across its range of funds.

The AKD Opportunity Fund reported a return of 21.80%, although it lagged behind the benchmark KSE-100 Index which posted a return of 50.66%. Similarly, the Golden Arrow Stock Fund achieved a return of 42.59% against the same index. On the other hand, the AKD Islamic Stock Fund outperformed its benchmark, the KMI-30 Index, with a return of 72.33% compared to the index’s 48.03%.

Other funds managed by AKDIML also showed positive results. The AKD Cash Fund had a return of 21.88%, slightly above its benchmark return of 21.44%. The AKD Islamic Income Fund delivered a return of 19.84%, substantially outperforming its benchmark’s 9.10% return. The AKD Aggressive Income Fund and AKD Islamic Daily Dividend Fund also reported returns of 19.67% and 19.17% respectively, compared to their benchmarks.

In addition to financial performances, the management structure of AKDIML includes key figures such as Mr. Khalid Mehmood as Chairman and Mr. Imran Motiwala as CEO. The company operates under a strong governance framework with various committees like the Audit and Risk Management Committee and the Human Resource and Remuneration Committee to oversee operations.

AKDIML continues to strive for high standards of regulatory compliance and risk management, aiming to provide inflation-adjusted returns and distinguish itself in service quality and professional excellence.