Karachi: National Investment Trust Limited (NITL) has announced a notable increase in its income for the half year ending December 31, 2024. This financial update was disclosed during the Board of Directors meeting, as referenced in their letter No. NIT/CAD/BOD-3 7012024-251070 dated January 20, 2025.

The NIT Pakistan Gateway Exchange Traded Fund, one of the key funds managed by the Trust, recorded a total comprehensive income of 30,345.00 million Rupees for the half year ending December 31, 2024. This marks a significant rise from the 17,602.00 million Rupees reported during the same period in 2023. For the quarter ending December 31, 2024, the fund achieved a comprehensive income of 27,914.00 million Rupees, compared to 13,098.00 million Rupees for the same quarter in the previous year.

This financial performance is particularly noteworthy, highlighting the fund's robust growth and the effectiveness of its investment strategies. According to information available from the Pakistan Stock Exchange (PSX), the fund's performance reflects positively on market sentiment and investor confidence in the fund's management.

The income statements, which are unaudited and condensed, provide an insightful view into the fund's financial health and growth trajectory. The NIT Pakistan Gateway Exchange Traded Fund's income growth is a testament to the strategic management and favorable market conditions experienced during the period.

NITL, a prominent player in the designated market category, continues to leverage its investment expertise to achieve strong financial results, thereby enhancing value for its investors. The annexed notes, from 1 to 17, form an integral part of this financial update, offering further details and context to the reported figures.