Lahore, February 14, 2023 (PPI-OT):During CY22 the KMI-30 index (the benchmark) declined by 4.76% 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 comprise three funds among the universe of twenty-one funds. While the category average showed a negative return of -11.94%, the top-performing fund in the category showed a return of 1.83%. AKD Islamic Stock Fund (the “Fund”) ranked 2-Star. Total return of AKD Islamic Stock Fund in 1-year is -18.47%.

In the end Dec’22, the Fund generated income by investing ~0.65% in Debt and Money Market Securities and to generate capital appreciation invested ~97.67% in Equity and Equity related securities. Sector wise, the Fund invested ~20.61% in Commercial Banks, ~17.83% in power generation and distribution, ~16.53% in refinery, ~10.54% in food and personal care products, ~9.29% in pharmaceuticals and remaining ~25.20% 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