HBL Income and Islamic Asset Allocation Funds Declare Distributions

Karachi, In recent announcements to the Pakistan Stock Exchange (PSE), the HBL Income Fund and HBL Islamic Asset Allocation Fund disclosed their distribution figures. The HBL Income Fund reported a 5.00% distribution for 2022 and Rs 5.50 per unit for 2023, with an offer price of 124.02 and a redemption price of 121.95. Launched in 2007, this fund has continued to provide steady returns. On the other hand, the HBL Islamic Asset Allocation Fund, with an inception year of 2016, announced a 7.00% distribution for 2022 and Rs 0.30 per unit, highlighting an offer price of 140.43 and a redemption price of 137.33. However, the Plan – 1 associated with the Islamic Asset Allocation Fund reported no distributions and no offer or redemption prices, indicating no activity for the period.

Check Also

SAI President Criticizes SBP’s Modest Rate Cut, Calls for More Aggressive Reductions

Karachi, Muhammad Kamran Arbi, President of the Site Association of Industry (SAI), has publicly criticized the State Bank of Pakistan's (SBP) recent decision to reduce the interest rate by only 1.5%. Arbi described the cut as "insufficient" for addres...

The post SAI President Criticizes SBP’s Modest Rate Cut, Calls for More Aggressive Reductions appeared first on Pakistan Business News.