Karachi: MCB Investment Management Limited released its condensed interim income statement for the Alhamra Islamic Active Allocation Fund for the quarter ending September 30, 2026. The report, dated October 20, 2026, showed a notable decrease in the fund's financial performance compared to the same period last year.

The fund's total income for the third quarter of 2026 fell to a negative 1,909, a substantial decline from the 20,113 reported in the corresponding quarter of 2025. This decrease was primarily driven by a net loss of 2,251 in net unrealised appreciation on investments classified as 'at fair value through profit or loss,' compared to a gain of 15,005 in the previous year. Furthermore, the gain on the sale of investments dropped to 191 from 4,844, while mark-up on balances with banks decreased to 151 from 264.

Total expenses for the quarter increased to 592 from 444 in the previous year. This rise was attributed to higher auditors' remuneration and legal and professional charges, which were 274 and 104 respectively, compared to 180 and 85 in the prior year. Subscription, settlement, and bank charges also rose to 63 from 5.

The fund reported a net loss before taxation of 2,501 for the quarter, a sharp contrast to the profit of 19,669 recorded in the same period last year. There was no taxation for this period, maintaining the net loss at 2,501.

According to information available from the Pakistan Stock Exchange (PSX), the financial results reflect a very large or significant move in the fund's income and expenses, impacting the overall profitability of the Alhamra Islamic Active Allocation Fund.

The report further detailed that there was no allocation of net income for the period in terms of capital gains or otherwise, as the total net income stood at zero, compared to an allocation of 16,747 for the quarter ending September 30, 2025.