Performance Overview of ABL Islamic Income Fund and ABL Islamic Stock Fund

Karachi: The ABL Islamic Income Fund and ABL Islamic Stock Fund, part of Pakistan Stock Exchange’s open-end mutual funds, have reported their performance for the year ending in June 2023. The ABL Islamic Income Fund showed an offer price of Rs. 11.13 and a redemption price of Rs. 10.94, while the ABL Islamic Stock Fund was listed at an offer price of Rs. 14.05 and a redemption price of Rs. 13.73.

According to the Pakistan Stock Exchange, both funds had their last book closures on 27-Jun-2022. The ABL Islamic Income Fund, listed since 2010, and the ABL Islamic Stock Fund, listed since 2013, are designed to cater to investors seeking Shariah-compliant investment opportunities. The funds’ performance reflects the trends and investor preferences in the Islamic finance sector within the Pakistan market.