Karachi: MCB Investment Management Limited, the asset management arm of MCB Funds, has declared a dividend payout for the ALHAMRA Daily Dividend Fund (ALHDDF). This announcement pertains to the distribution for the day ending September 18, 2024.

According to information available from the Pakistan Stock Exchange (PSX), the ALHAMRA Daily Dividend Fund will distribute a daily dividend of Rs. 0.0479 per unit. This distribution is applicable to all registered unit holders at the close of business on September 18, 2024. The Chief Executive Officer of MCB Investment Management Limited, acting on behalf of the fund's Board of Directors, confirmed the dividend payout.

This distribution reflects the fund's commitment to providing consistent returns to its investors through the mechanism of daily dividends. The designated market category for this fund is the fixed income sector, which typically appeals to investors seeking regular income distributions.

The announcement underscores MCB Funds' focus on sustaining investor confidence by maintaining a steady flow of returns, despite the varying economic conditions.