Arab Today, arab today pakistan’s mutual funds industry grows by 44
Last Updated : GMT 09:53:09
Arab Today, arab today
Arab Today, arab today

Pakistan’s mutual funds industry grows by 44%

Arab Today, arab today

Arab Today, arab today Pakistan’s mutual funds industry grows by 44%

Karachi - Arabstoday

Pakistan mutual funds industry showed a healthy growth of 44 per cent in its value to reach Rs360 billion ($4 billion) by February as against June 2011 closings, when the entire industry stood at $2.78 billion. The equity funds category posted an average return of 6.8 per cent remarkably since June 2011, outperforming the Karachi Stock Exchange (KSE) 100-share index return of 3.1 per cent and KSE 30-share index return of 2.8 per cent for the same period. The mutual funds industry continued its upward trajectory in February appreciated by further 5.6 per cent in monthly terms in February, crossing $3.89 billion mark and reached at $4 billion as compared to $3.8 billion a month earlier. The open-ended funds’ size appreciated by 5 per cent on monthly basis, while that of closed-end funds? grew by 6 per cent to reach $3.75 billion and $244.44 million, respectively. During the month, major growth was witnessed in the money market funds category, which rose by 10 per cent to close at $1.53 billion in February 2012. Islamic equity funds also followed the suit and appreciated by 6 per cent against 8 per cent surge witnessed in local equities market. Open-end funds increased by a solid 50 per cent while closed-end funds? size declined by 11 per cent since then. The income funds category withheld almost the same levels in February 12 as earlier, at $933.33 million. However, on a cumulative basis during 8MFY12, the income funds category showed an enormous growth of 117 per cent in terms of size. As the central bank kept the discount rate unchanged at 12 per cent in its last monetary policy, the downward valuation adjustments were witnessed in T-bills and PIBs holdings, analyst Mazhir A Sabir said. As far as return of income funds is concerned, this category earned an average annualised return of 10.2 per cent during February 2012, down by 0.4 per cent over last month. During 8MFY12, the income funds also earned average return of 10.2 per cent on annualised basis, he added. The money market funds category constituting 42 per cent of the total size of the open-end funds (38 per cent of the entire industry) again outshined the industry and rose by 10 per cent in February 2012 to reach at $1.53 billion, against $1.39 billion in January 2012.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today pakistan’s mutual funds industry grows by 44 Arab Today, arab today pakistan’s mutual funds industry grows by 44

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today pakistan’s mutual funds industry grows by 44 Arab Today, arab today pakistan’s mutual funds industry grows by 44

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Italy regions back 'big bang' autonomy

GMT 07:10 2017 Monday ,23 October

Italy regions back 'big bang' autonomy
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Iraq's Barzani isolated by his drive

GMT 04:36 2017 Tuesday ,24 October

Iraq's Barzani isolated by his drive
Arab Today, arab today Maltese demand justice for murdered

GMT 06:08 2017 Monday ,23 October

Maltese demand justice for murdered
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Lost Australia diver swam miles

GMT 19:09 2017 Monday ,23 October

Lost Australia diver swam miles
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today EU targets German carmakers

GMT 05:41 2017 Tuesday ,24 October

EU targets German carmakers
Arab Today, arab today Tesla to build wholly-owned plant

GMT 07:55 2017 Monday ,23 October

Tesla to build wholly-owned plant
Arab Today, arab today Sherine Reda frustrated of latest terrorist attacks

GMT 09:03 2017 Monday ,23 October

Sherine Reda frustrated of latest terrorist attacks
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'

GMT 08:12 2017 Saturday ,21 October

Donia Abdel Aziz aspires to return to cinema

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:07 2017 Sunday ,22 October

15,000 Under Fives Die

GMT 12:54 2017 Saturday ,21 October

Malaysia Airlines picks new CEO

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 08:06 2017 Tuesday ,24 October

Second Palestinian mobile provider enters Gaza

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday