Karachi: NBP Fund Management Limited's recently released annual report for the NBP Islamic Gold Fund reveals a challenging financial performance for the period ending June 30, 2026. The fund reported a total loss of Rs 20.73 million from May 4, 2026, to June 30, 2026, marking a significant downturn in its financial results.

The income statement for the NBP Islamic Gold Fund highlights a net unrealized diminution on re-measurement of investments classified as financial assets at fair value through profit or loss, totaling Rs 23.92 million. This re-measurement significantly contributed to the total loss for the period. The fund's income sources, including profit on bank balances of Rs 1,913 and price adjustment charges of Rs 1,369, were insufficient to offset the losses incurred from investment activities.

Expenses for the fund during this period amounted to Rs 821,000. The expenses included remuneration for the Central Depository Company of Pakistan Limited as the trustee, Sindh Sales Tax on trustee remuneration, and other operational costs such as auditors' remuneration and securities transaction costs. These expenses contributed to the net loss of Rs 21.55 million for the period before taxation, which remained unchanged after taxation due to the absence of any tax obligations.

According to information available from the Pakistan Stock Exchange (PSX), the financial performance of the NBP Islamic Gold Fund reflects broader market volatility and challenges in the investment landscape. The fund's net loss for the period after taxation remained at Rs 21.55 million, with no earnings distributed to unit holders during this time.

As the fund navigates these financial challenges, the report underscores the need for strategic adjustments and risk management to stabilize and improve future performance.