Lahore, August 16, 2023 (PPI-OT): During FY23 the KSE-100 and KSE-30 index declined by -7.39% and -0.21% whereas KMI-30 improved by ~2.88%. The overall market declined due to numerous economic challenges, delays in the resumption of the IMF programmed, a growing fiscal deficit, soaring inflation, and increase in the policy rate. PACRA ranked funds comprise of three funds among the universe of twenty-one funds. The category average showed a negative return of -2.74%. While top performing fund in the category showed a return of ~2.99%. AKD Islamic Stock Fund ranked 1 Star.

Total return of AKD Islamic Stock Fund in 1-year is -17.92% against the stock market return of 2.8%. In the end Jun'23, Fund's generate income by investing ~89.61% in Equities whereas ~0.86% in cash. Sector-wise Fund invested ~22.83% in Power Generation and Distribution, ~17.06% in Textile Spinning, and ~16% in Food and Personal Care Products. Whereas ~9.16% in Refinery, ~7.62% in Automobile Parts and Accessories and ~27.34% in others at the end Jun'23.

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: [email protected]

Website: www.pacra.com