Karachi: AL Habib Asset Management Limited has disclosed its financial results for the quarter ending September 30, 2026, following a meeting of its Board of Directors on October 15, 2026. The results, which span across various funds under its management, indicate a varied financial performance.
The AL Habib Cash Fund reported a total income of 2.38 million for the quarter, up from 1.69 million in the same period last year. The fund's net income after taxation amounted to 2.18 million, marking a positive financial outcome.
In contrast, the AL Habib Money Market Fund experienced a slight decrease in its net income, recording 1.95 million compared to 2.06 million in the previous year. The decline can be attributed to lower profits from bank deposits and term deposit receipts. Total expenses for the fund were 0.17 million, slightly reduced from the previous year's 0.18 million.
The AL Habib Income Fund's financial results showed a moderate increase in net income, rising to 0.73 million from 0.62 million last year. The fund's total income was 0.73 million, with negligible expenses reported at 0.0002 million.
The AL Habib Asset Allocation Fund faced a challenging quarter, registering a net loss of 0.056 million, a reversal from the 0.12 million net income recorded in the same period of the previous year. The fund's total income turned negative at (0.046) million, driven by net losses on investments.
The AL Habib Stock Fund also underperformed, with a net loss of 1.09 million, a significant drop from the prior year's gain of 2.47 million. Total income plummeted to (0.91) million, reflecting substantial losses on investment revaluations.
Meanwhile, the AL Habib Islamic Cash Fund showed resilience with a net income of 0.76 million, an improvement from 0.70 million in the previous year. Total income for the fund was 0.83 million, with expenses at 0.076 million.
The AL Habib Islamic Income Fund experienced a very large or significant move, as its net income fell to 0.23 million from 0.54 million in the previous year. According to information available from the Pakistan Stock Exchange (PSX), this decline is notable amidst the broader market trends.
The AL Habib Islamic Savings Fund recorded a net income of 0.43 million, down from 0.52 million last year. Total income was 0.45 million, with expenses amounting to 0.021 million.
Lastly, the AL Habib Islamic Stock Fund reported a substantial downturn with a net loss of 0.58 million, in stark contrast to a net income of 1.97 million in the previous year. Total income was recorded at (0.50) million, indicating significant losses on investments.
The results reflect a mixed performance for AL Habib Asset Management Limited, with some funds showing improved profitability while others faced financial setbacks.