Day: May 8, 2023

Karachi. ALHAMRA DAILY DIVIDEND FUND (ALHDDF), managed by MCB Arif Habib Savings and Investments Limited, has announced a daily dividend distribution of Re. .046 per unit to the unit holders whose names appeared in the unit holder register at the close of May 6, 2023. The payout was approved by the CEO on behalf of the Board of Directors.

This daily dividend distribution highlights the commitment of MCB Arif Habib Savings and Investments Limited to provide regular and consistent returns to its investors. The fund is designed to cater to investors who are seeking regular income from their investments.

Karachi, MCB Arif Habib Savings and Investments Limited, the management company of Pakistan Cash Management Fund (PCF), has announced the daily dividend distribution for May 6, 2023. The Chief Executive Officer, on behalf of the Board of Directors, approved the payout of Re. 0.0275 per unit to the unit holders whose names appeared in the unit holder register at the close of May 6, 2023.

The daily dividend distribution is a regular feature of PCF, which aims to provide investors with competitive returns while maintaining low risk. The fund invests in a diversified portfolio of short-term money market instruments and seeks to provide investors with stable income through regular dividend payouts.

Karachi, Habib Insurance Company Limited has announced that its 80th Annual General Meeting (AGM) will be held on May 29, 2023, in Karachi to transact business as mentioned in the agenda. The shareholders may also attend the meeting through a video conference facility managed by the Company.

The AGM will include consideration and adoption of the Annual Audited Financial Statements of the Company for the year ended December 31, 2022, together with the Directors' and Auditors' Report thereon. The Board of Directors has recommended the payment of cash dividend at the rate of 12.5%, i.e., Rs. 0.625 per share of Rs. 5/- each for the year ended December 31, 2022, which will also be considered for approval.

The AGM will also consider the appointment of auditors for the year ending December 31, 2023, and fix their remuneration. M/s. Grant Thornton Anjum Rahman, Chartered Accountants, being eligible, have offered themselves for appointment.

Additionally, the shareholders will also consider special business in the form of a resolution authorizing the Company to invest by way of purchasing shares of associated companies, including Bank AL Habib Limited, Habib Metropolitan Bank Limited, Indus Motor Company Limited, Shabbir Tiles & Ceramics Limited, and Thal Limited. The Company is also authorized to invest up to Rs. 700 million in units of funds managed by AL Habib Asset Management Limited within a period of two years.

The Chief Executive and Chief Financial Officer will be jointly authorized to make the aforesaid investments and delegate the powers to any officers of the Company as deemed appropriate.

Karachi, MCB Arif Habib Savings and Investments Limited, the management company of ALHAMRA ISLAMIC MONEY MARKET FUND (ALHIMMF), has announced the daily dividend distribution for May 6, 2023.

According to the announcement, a dividend of Re. 0.0504 per unit will be paid to the unit holders whose names appeared in the unit holder register at the close of 06-MAY-23.

The Chief Executive Officer of MCB Arif Habib Savings and Investments Limited, on behalf of the Board of Directors, approved the payout.

Karachi, JS Momentum Factor Exchange Traded Fund (JSMFETF) has announced that its portfolio will undergo rebalancing effective May 8, 2023. This move follows the rebalancing of the JS Momentum Factor Index, which serves as the underlying index for the fund.

As a result, the dissemination of the indicative net asset value (iNAV) will be suspended during the rebalancing period. The fund will intimate the exchange once the portfolio is rebalanced, and the iNAV will resume its normal dissemination.

Rebalancing is a process that periodically adjusts the composition of a portfolio to maintain its desired asset allocation and investment strategy. In the case of JSMFETF, the rebalancing is a result of changes in the underlying index's composition, which is designed to capture the performance of high momentum stocks.

JS Investments Limited, the investment manager for JSMFETF, asset Management Company in Pakistan. The company manages a wide range of funds, including mutual funds, pension funds, and separately managed accounts.

Investors in JSMFETF can expect to benefit from the rebalancing, as it ensures that the fund remains aligned with its investment strategy and captures the performance of high momentum stocks.