Pakistan Company News

Transmission of Quarterly Report for the Period Ended March 31, 2019 of Pakistan Strategic Alocation Fund

Karachi, Pakistan Strategic Alocation Fund informed Pakistan Stock Exchange that Quarterly Report of the Company for the period ended March 31, 2019 have been transmitted through PUCARS and is also available on Company’s website.

MCB Pakistan Islamic Stock Fund (MCB-PISF) (Formerly: Pakistan Strategic Allocation Fund) (PSAF) is an open end shariah complaint Equity Fund which primarily invests in shariah compliant stocks according to screening criteria provided by the Shariah Advisory Council. The Fund takes advantage of equity market volatility and buys equities when they are underpriced and sells equities when they are overpriced. DCF (discounted cash flow) valuations are pivotal for stocks selection in the portfolio. The fund is mostly invested in liquid stocks.

The symbol “OEFPSAF” is being used by the stock exchange for the Pakistan Strategic Allocation Fund.