Karachi, Al Habib Asset Management Limited informed Pakistan Stock that the name of the funds have been changed from First Habib Stock Fund (FHSF) to Al Habib Stock Fund (AHSF) and First Habib Islamic Stock Fund (FHISF) to Al Habib Islamic Stock Fund (AHISF).
Habib Asset Management Limited, an associated company of Bank AL Habib Limited was incorporated on September 30, 2005 as a Public Limited Company. The main objective of the company is to float open-end mutual funds for different class of investors. Habib Asset Management is presently managing First Habib Income Fund (FHIF), First Habib Stock Fund (FHSF), First Habib Cash Fund (FHCF) and First Habib Islamic Balanced Fund (FHIBF).