Lahore, February 14, 2023 (PPI-OT):During CY22 the KSE-100 index benchmark declined by -9.36% due to political turbulence, heightened economic risks arising from devastating floods, elevated inflation, slowing economic growth, PKR devaluation, and declining foreign exchange reserves. PACRA ranked funds, includes the twenty-eight Funds. The First Capital Mutual Fund ranked 3-Star.

Total return of the Fund in 1-year is ~ -14.6%. In the end Dec’22, Fund’s generate income by investing ~23.8% in Debt and Money Market securities and to generate capital appreciation by investing ~72.4% in equity and equity related securities. Sector wise Fund invest in Commercial Banks ~12.6% and ~24.1% in others whereas ~10.4% in Oil and Gas Exploration Companies.

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