AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Lahore, August 16, 2023 (PPI-OT): During FY23 the KSE-100 and KSE-30 index declined by -0.21% and -7.39% whereas KMI-30 improved by ~2.88%. The overall market declined due to numerous economic challenges, delays in the resumption of the IMF program, a growing fiscal deficit, soaring inflation, and increase in the policy rate. PACRA ranked funds comprise of four funds among the universe of twenty-eight funds.
The category average showed a negative return of -4.96%. While top performing fund in the category showed a return of ~8.17%. Faysal Stock Fund ranked 2 Star. Total return of Faysal Stock Fund in 1-year is -12.73% which performed well from stock market negative return of -0.21%. In the end Jun’23, Fund’s generate income by investing ~75.40% in equities and ~7.28% in cash. Sector wise Fund majority invested ~53.16% in Insurance, ~16.28% in Investment Banks/ Inv. Cos/ Securities Cos. and ~2.90% in others.
For more information, contact:
Analyst,
The Pakistan Credit Rating Agency Limited (PACRA)
Awami Complex, FB1, Usman Block New Garden Town,
Lahore, Pakistan
Tel: +92-42-5869504-6
Fax: +92-42-5830425
Email: hammad.rashid@pacra.com
Website: www.pacra.com
The post PACRA Assigns Star Ranking to Faysal Stock Fund 1-Year appeared first on Pakistan Business News.