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 four funds among the universe of twenty-eight funds. The category average showed a negative return of -4.96%. While top performing fund in the category showed a return of ~8.17%.
AKD Opportunity Fund ranked 3 Star. Total return of AKD Opportunity Fund in 1-year is -12.03% which performed well from stock market negative return of -7.39%. In the end Jun’23, Fund’s generate income by investing ~97.23% in equities and ~0.93% in cash. Sector wise Fund majority invested ~25.26% in Invest Bank /Inv. Cos, ~23.94% in Textile Spinning, ~19.34% in Insurance and ~17.17% 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