Karachi: The Board of Directors of JS Investments Limited has released the quarterly report for the JS Islamic Money Market Fund, highlighting significant developments for the period ending September 30, 2026. The report, unveiled on October 30, 2026, underscores the Fund's robust performance amidst turbulent economic conditions.

Economic conditions in Pakistan during the first quarter of FY27 were marked by global geopolitical tensions and energy market disruptions, leading to increased costs for energy and food. Despite these challenges, Pakistan's economic momentum continued with a recorded real GDP growth of 3.7% for FY26. Although fiscal consolidation and stronger reserves provided some resilience, inflationary pressures resurged, emphasizing the need for ongoing monetary and fiscal discipline.

The domestic fixed income market experienced a notable repricing in Q1 FY27, with the State Bank of Pakistan maintaining a policy rate of 11.5%. The period saw an increase in 3-year and 5-year yields to 12.73% and 12.72% respectively, while the 3-month secondary market yield remained steady at 11.64%. Average headline inflation for the quarter rose to 10.28%, influencing the fixed income outlook and reinforcing expectations for prolonged monetary restraint.

According to information available from the Pakistan Stock Exchange (PSX), the JS Islamic Money Market Fund reported a return of 10.83% for the quarter, surpassing its benchmark return of 10.01%. The Fund's net assets grew from PKR 8.08 billion as of June 30, 2026, to PKR 9.51 billion by September 30, 2026, marking a very large or significant move. The total expense ratio for the period was 0.35%, including government levies of 0.11%.

The Pakistan Credit Rating Agency Limited (PACRA) has maintained an Asset Manager Rating of AM1 with a Stable Outlook for JS Investments Limited, reflecting its governance and consistent operational performance. The Fund's stability rating remains at AA(f), indicating a high level of stability.