Karachi: The Alhamra Daily Dividend Fund (ALHDDF) reported a 9.76% return for the quarter ending September 30, 2026, as indicated in the unaudited quarterly report released by MCB Investment Management Limited. This performance surpassed the fund's benchmark, which recorded a 9.46% return for the same period.

The fund maintained a significant exposure in cash, allocating 97.2% of its assets towards the end of the quarter. The Net Assets of the fund reached Rs. 2,708 million, with a Net Asset Value (NAV) per unit standing at Rs. 100.

According to information available from the Pakistan Stock Exchange (PSX), the local financial landscape exhibited several noteworthy developments during this period. The country's current account deficit for the first two months of fiscal year 2027 was USD 543 million, reflecting an improvement from the USD 853 million deficit recorded in the same period the previous year.

Exports increased by 4.0%, while imports saw an 11.4% rise, leading to an 18.8% year-on-year increase in the trade deficit. Remittance inflows grew by 14.7% to USD 7.3 billion. Additionally, the State Bank of Pakistan's foreign exchange reserves rose to approximately USD 21.4 billion, up from USD 18.4 billion at the end of the last fiscal year.

The Consumer Price Index indicated an average headline inflation rate of 10.2% during the first quarter of fiscal year 2027, a significant rise from 4.3% in the previous year. This inflationary trend was largely driven by higher global oil prices.

In terms of economic growth, Pakistan's GDP increased by 3.7% in fiscal year 2026, with the agricultural, industrial, and services sectors expanding by 2.9%, 3.5%, and 4.1% respectively. Meanwhile, the Federal Board of Revenue's tax collection for the quarter was PKR 3,083 billion, surpassing the target by PKR 30 billion, marking a 6.7% year-on-year increase.