Karachi: NAFA Islamic Active Allocation Fund - I, II & III have been officially delisted from the Pakistan Stock Exchange (PSX) following the revocation of their status as open-end funds. The decision to delist these funds comes into effect from Tuesday, April 22, 2025, as confirmed by NBP Fund Management Limited, the management company overseeing these funds.

The delisting follows the successful distribution of net assets to the unit holders of the respective funds. This process was supported by auditor's certificates, which validated the distribution. The funds, which operated under the market category of open-end funds, will no longer be available for trading on the stock exchange.

According to information available from the Pakistan Stock Exchange (PSX), the revocation and subsequent delisting were part of a structured process managed by NBP Fund Management Limited. The company ensured that all regulatory and financial obligations were met before proceeding with the delisting.

The management company, NBP Fund Management Limited, facilitated the transition by ensuring unit holders received their due share of the net assets. This development impacts the financial portfolios of investors who were previously invested in these funds.

The delisting reflects a strategic decision by the management company to streamline operations and focus on other investment opportunities. The funds' closure comes after careful consideration and adherence to financial regulations, ensuring a smooth transition for all stakeholders involved.