AL Habib Money Market Fund Completes First Year of Operation

Karachi (PPI Bot): The AL Habib Money Market Fund, another new fund introduced to the Pakistan Stock Exchange in 2022, has completed its first financial year. The fund, with an offer price and redemption price both set at Rs 103 and Rs 100 respectively, did not announce any distributions for the year. This performance is indicative of the fund’s early-stage development and its alignment with the broader trends in the money market segment. The fund’s fiscal year ends in June.