AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi, In another announcement from the Pakistan Stock Exchange (PSE), the HBL Investment Fund, trading under the symbol HIFA, displayed commendable performance with a closing rate of 2.95 rupees and a slightly higher daily weighted average rate of 2.99 rupees. The fund’s paid-up capital was revealed to be 2,841.25 million rupees, indicating its significant footprint within the mutual fund sector.
For the period of January to March 2024, the fund declared a 4% distribution, evidencing its commitment to generating shareholder value amidst varying market conditions. With a par value set at 10 rupees and a market lot requirement of 500, HBL Investment Fund has been an active participant in the Pakistan Stock Exchange since its listing in 2004. The fund’s earnings per share (EPS) for the fiscal year 2022/2023 stood at 2.31 rupees, suggesting a steady financial performance.