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Karachi, The HBL Investment Fund, identified by the symbol HIFA, has maintained a steady presence in the mutual fund market with its latest announcement of a 4% distribution for the year. The fund, with a paid-up capital of 2,841.25 million Rupees, exhibited stability with both its today’s rate and daily weighted average rate standing at 2.85 Pakistani Rupees. HIFA, having been listed in the year 2007, witnessed a substantial turnover of 8,260,000 units during January and February 2024. This announcement comes amidst various challenges in the financial markets, with the fund’s previous book closure dated June 7th.
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