HBL Growth Fund Announces 12% Distribution for June as Shares Soar

Karachi, The HBL Growth Fund, a closeended mutual fund listed under the symbol HGFA on the Pakistan Stock Exchange (PSE), has announced a 12% distribution for its shareholders for the period ending June. The fund, which had a paidup capital of Rs. 2,835 million, saw its share price peak at Rs. 9.45, with a daily weighted average rate of Rs. 6.95, and a low of Rs. 2512000. The mutual fund, which has been a part of the stock market since 1980, did not disclose its Earnings Per Share (EPS) for the JanuaryMarch 2024 period. The previous book closure was on June 7th, maintaining a market lot of 500.