Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices on November 17, 2005.

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Names                       Asset Manager            Category           Offer    Repurchase   Validity

of Fund                                                                 Price      Price       (Dates)

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Alfalah GHP Value Fund      Alfalah GHP Inv. Mang.   Asset Allocat.     51.35       50.10     17-11-05

Atlas Income Fund           Atlas Asset Mang.        Income            529.52      519.14     18-11-05

Atlas Stock Mkt. Fund       Atlas Asset Mang.        Equity            608.73      596.79     18-11-05

Crosby Dragon Fund          Crosby Asset Mang.       Equity            117.50      115.15     17-11-05

Dawood Money Mkt. Fund      Dawood Capital Mang.     Income          105.5890    103.5187     18-11-05

Faysal Bal. Growth Fund     Faysal Asset Mang.       Balanced          123.92      121.37     17-11-05

Faysal Income & Growth Fund Faysal Asset Mang.       Income           102.101      101.01     17-11-05

National Investment Trust   National Inv.  Trust     Equity             49.55       47.85     17-11-05

Meezan Islamic Fund         Al Meezan Investments    Islamic Equity     73.47       71.82     17-11-05

MSF - Perpetual             Arif Habib Investments   Income             45.83       45.78     18-11-05

MSF - 12/05                 Arif Habib Investments   Income             51.82       51.77     18-11-05

MSF - 12/07                 Arif Habib Investments   Income             48.64       48.59     18-11-05

MSF - 12/12                 Arif Habib Investments   Income             53.93       53.88     18-11-05

Pakistan Income Fund        Arif Habib Investments   Income             52.29       51.58     18-11-05

Pakistan Stock Market       Arif Habib Investments   Equity            116.61      113.69     17-11-05

Pakistan Cap Market Fund    Arif Habib Investments   Equity             14.46    14-11-05     17-11-05

United Money Mkt. Fund

                            United AMC               Class ''A''       103.9087    103.9087     18-11-05

                            United AMC               Class ''C''       103.9087    102.8696     18-11-05

Unit Trust of Pakistan      ABAMCO                   Balanced        8,521.06    8,272.86     17-11-05

UTP Income Fund             ABAMCO                   Income            542.84      531.50     17-11-05

UTP Islamic Fund            ABAMCO                   Islamic Equity    715.22      694.38     17-11-05

UTP - Agg. Asset Alloc.     ABAMCO                   Equity             79.30       76.99     17-11-05

UTP - Fund of funds.        ABAMCO                   Equity             52.71       51.16     17-11-05

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CLOSED-END FUND NAVs:

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Names of Fund                 Investment Advisor          Category            NAVs    Validity (Dates)

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ABAMCO Growth Fund            ABAMCO                      Equity              37.11           17-11-05

ABAMCO Comp. Fund             ABAMCO                      Equity              12.26           17-11-05

ABAMCO S.M. Fund              ABAMCO                      Equity              19.16           17-11-05

ABAMCO Capital Fund           ABAMCO                      Equity              17.58           17-11-05

Al Meezan M. Fund             Al Meezan Investments       Equity              16.22           17-11-05

Asian Stocks Fund             Asian Cap. Mang.            Equity                N/A                  -

Atlas Fund of Funds           Atlas Asset Mang.           Equity              11.07           17-11-05

BSJS Balanced Fund            ABAMCO                      Balanced            15.46           17-11-05

First Dawood M. Fund          Dawood Capital Mang.        Equity              11.81           17-11-05

First Cap. M. Fund.           First Capital Inv. Ltd      Equity              10.69           17-11-05

Golden Arrow Stock Fund       AKD Investments             Equity               9.86           17-11-05

Meezan Balanced Fund          Al Meezan Investments       Islamic Balanced    11.90           17-11-05

Pakistan Premier Fund         Arif Habib Investments      Equity              17.62           17-11-05

Pakistan S.A. Fund            Arif Habib Investments      Equity              13.56           17-11-05

PICIC Investment Fund         PICIC Asset Mang.           Equity              22.80           15-11-05

PICIC Growth Fund             PICIC Asset Mang.           Equity              67.81           15-11-05

Prudential Stock Fund         Prudential Fund Mang.       Equity                N/A                  -

Safeway Mutual Fund           Safeway Mang.               Equity                N/A                  -

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