Arif Habib Investments – Daily Prices for October 17, 2014

Name of the Fund                                                               Date          Offer     Repurchase         NAV

Pakistan Stock Market Fund (PSM)                                         October 17, 2014   66.83      65.05

Pakistan Income Fund (PIF)                                               October 17, 2014   55.11      53.64

Pakistan Capital Market Fund      PCMF                                   October 17, 2014    9.83       9.57

Pakistan International Element Islamic Fund of Arif Habib (PIEIF-A)      October 17, 2014   53.26      51.84

MetroBank Sovereign Fund Pakistan (MSFP)                                 October 17, 2014   52.75      51.69

Pakistan Strategic Allocation Fund                                       October 17, 2014   10.20       9.93

Pakistan Cash Management Fund (PCF)                                      October 20, 2014   51.3120    51.3120

Pakistan Income Enhancement Fund (PIEF)                                  October 17, 2014   54.08      52.64

MCB Cash Management Optimizer                                            October 20, 2014  102.5778   102.5778

MCB Dynamic Allocation Fund                                              October 17, 2014   77.4318    74.3330

MCB Dynamic Cash Fund                                                    October 17, 2014  106.3450   104.2170

MCB Islamic Income Fund – TYPE A                                         October 17, 2014  103.8989   101.8199

Pakistan Pension Fund – Equity                                           October 17, 2014                                287.98

Pakistan Pension Fund – Debt                                             October 17, 2014                                181.61

Pakistan Pension Fund – Money Market                                     October 17, 2014                                184.17

Pakistan Islamic Pension Fund – Equity                                   October 17, 2014                                295.39

Pakistan Islamic Pension Fund – Debt                                     October 17, 2014                                171.39

Pakistan Islamic Pension Fund -Money Market                              October 17, 2014                                157.49

Note: Back-end load applies wherever applicable as per offering document.