Financial results of Pakistan Stock Market Fund for period ended March 31, 2016

Karachi, Pakistan Stock Market Fund informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on April 18, 2016.

The agenda of the meeting was discussion of profit and loss account for the nine month period ended March 31, 2016 which portrayed a profit of Rs. 178,652.

Further, nil payment of cash dividend, bonus shares and right shares was agreed.

MCB Pakistan Stock Market Fund (MCB-PSM) (Formerly: Pakistan Stock Market Fund PSM) is an open end equity fund that invests in quality stocks listed in Pakistan.

The fund is actively managed and fundamental research drives the investment process. Fundamental outlook of sectors/companies and DCF (discounted cash flow) valuations are the primary factors in sectors’ allocation and stock selection. Major portion of the fund’s portfolio is high quality liquid stocks. The funds which are not invested in equities are required to be kept in bank deposits and short-term money market instruments/ placements. MCB-PSM is a long only fund and cannot undertake leveraged investments.

The symbol “OEFPSMF” is being used by the stock exchange for Pakistan Stock Market Fund.