Lahore, February 14, 2023 (PPI-OT):During CY22 the KSE-30 index benchmark declined by -15.22% 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 five funds among the universe of twenty-eight funds. The category average showed a negative return of -16.5%.

While the top-performing fund in the category showed a return of -5.44%. NBP Stock Fund ranked 3 Star. Total return of NBP Stock Fund in 1-year is ~ -16.8%. In the end Dec’22, Fund’s generate income by investing ~2.0% in Debt and Money Market securities and to generate capital appreciation by investing ~97.5% in equity and equity related securities. Sector wise Fund invest in Commercial Banks ~25.7% and ~26.7% in others whereas ~18.8% in Oil and Gas Exp.

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