Karachi: The Board of Directors of Lakson Investments Limited has approved the financial results for its collective investment schemes for the half-year period ending December 31, 2024. The decision was made during a meeting held on February 19, 2025, at the Lakson Square Building in Karachi.

The financial results pertain to the following collective investment schemes: Lakson Money Market Fund, Lakson Islamic Money Market Fund, Lakson Income Fund, Lakson Equity Fund, Lakson Tactical Fund, Lakson Islamic Tactical Fund, and Lakson Asset Allocation Developed Markets Fund. These results, as per the board’s decision, will be made available through the PUCAR portal shortly.

A review of the Lakson Islamic Money Market Fund reveals a net income of 109.80 million for the half-year ending December 31, 2024, a decrease from the 250.12 million reported during the same period in the previous year. The fund’s total income stood at 113.50 million, compared to 256.28 million in 2023. Total expenses decreased significantly to 3.71 million from 6.15 million in 2023.

According to information available from the Pakistan Stock Exchange (PSX), the Lakson Islamic Money Market Fund reported realized losses on the sale of investments at fair value through profit and loss, amounting to 0.89 million, contrasting with a loss of 0.06 million in the previous year. However, the fund experienced a net unrealized gain from the appreciation of investments classified as financial assets, totaling 0.25 million.

In comparison, the Lakson Money Market Fund reported total income of 82.65 million for the same period, an increase from 66.39 million in 2023. The fund’s total expenses rose to 8.22 million from 5.52 million in the previous year. The resulting net income for the period was 74.43 million, up from 60.86 million in 2023.

The company plans to publish the detailed financial statements for these funds in the near future. Lakson Investments Limited continues to operate within the designated market category, focusing on asset management and investment services across its range of funds.