Karachi: National Investment Trust Limited (NIT) has released its unaudited financial statements for the third quarter ending September 30, 2024. The disclosure, directed to the Pakistan Stock Exchange, highlights the financial activities of multiple funds managed by NIT, including gains from investments and income from dividends. According to information available from the Pakistan Stock Exchange (PSX), the trust managed a diverse portfolio comprising unit trusts, Islamic equity, and government bond funds, among others.

The NIT Pakistan Gateway Exchange Traded Fund, one of the highlighted funds, reported a net income of 2.43 million rupees for the quarter. This performance marks a decline from the previous year's income of 4.49 million rupees during the same period. The fund experienced a mix of gains and losses, with notable income coming from dividends amounting to 894,000 rupees and net unrealized appreciation on investments totaling 3.28 million rupees.

Expenses for the quarter included remuneration to the National Investment Trust Limited as the management company, Sindh sales tax on this remuneration, and various fees related to the fund's operations such as trustee fees and charges by the Central Depository Company of Pakistan Limited. These expenses impacted the net income, reflecting the costs associated with managing the fund's operations.

The trust also submitted comprehensive income statements, which reported a consistent net income figure, highlighting the operational outcomes without significant changes in other comprehensive income.

This financial release, providing transparency on the fund's performance and management expenses, aims to inform shareholders and market participants about the trust's financial health and operational efficiency during the quarter.