Meezan Pakistan ETF Offers Attractive Distribution Yield

Karachi: Meezan Pakistan ETF, under the symbol MZNPETF, is trading at a rate of PKR 10.96 today with a daily weighted average rate of 10.95. The fund has amassed PKR 70.344 million as of June, with a distribution yield of 12.5%. It carries a par value of PKR 10 and is traded in lots of 500. Since its listing in 2020, the ETF has reached a high rate of PKR 10.18 and a low rate of PKR 7.26 for January-October 2023, boasting a turnover of 7,137,500 and an iNAV of PKR 9.52.

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