Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices on December 13, 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.      52.60       51.32    12-12-05

Atlas Income Fund           Atlas Asset Mang.        Income             533.50      523.04    13-12-05

Atlas Stock Mkt. Fund       Atlas Asset Mang.        Equity             637.37     624.487    13-12-05

Crosby Dragon Fund          Crosby Asset Mang.       Equity             125.10      122.60    12-12-05

Dawood Money Mkt. Fund      Dawood Capital Mang.     Income           106.6700    104.5784    13-12-05

Faysal Bal. Growth Fund     Faysal Asset Mang.       Balanced           128.61      125.97    09-12-05

Faysal Income & Growth Fund Faysal Asset Mang.       Income             102.90      101.88    09-12-05

National Investment Trust   National Inv.  Trust     Equity              53.50       51.65    12-12-05

Meezan Islamic Fund         Al Meezan Investments    Islamic Equity      77.43       75.69    12-12-05

MSF - Perpetual             Arif Habib Investments   Income              46.05       46.00    12-12-05

MSF - 12/05                 Arif Habib Investments   Income              52.08       52.03    12-12-05

MSF - 12/07                 Arif Habib Investments   Income              48.98       48.93    12-12-05

MSF - 12/12                 Arif Habib Investments   Income              54.55       54.50    12-12-05

Pakistan Income Fund        Arif Habib Investments   Income              52.62       51.91    12-12-05

Pakistan Stock Market Fund  Arif Habib Investments   Equity             119.66      116.67    09-12-05

Pakistan Cap Market Fund    Arif Habib Investments   Equity              15.24       14.86    09-12-05

United Money Mkt. Fund       United AMC              Class 'A'        104.5711    104.5711    13-12-05

                            United AMC               Class 'C'        104.5711    103.5254    13-12-05

Unit Trust of Pakistan      ABAMCO                   Balanced         8,986.04    8,724.30    12-12-05

UTP Income Fund             ABAMCO                   Income             546.67      535.94    12-12-05

UTP Islamic Fund            ABAMCO                   Islamic Equity     756.80      734.75    12-12-05

UTP - Agg. Asset Alloc.     ABAMCO                   Equity              87.15       84.60    12-12-05

UTP - Fund of Funds.        ABAMCO                   Equity              54.69       53.61    12-12-05

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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              37.63           14-10-05

ABAMCO Growth Fund            ABAMCO                      Equity              39.21           12-12-05

ABAMCO Comp. Fund             ABAMCO                      Equity              13.02           12-12-05

ABAMCO S.M. Fund              ABAMCO                      Equity              20.52           12-12-05

ABAMCO Capital Fund           ABAMCO                      Equity              18.76           12-12-05

AKD Index Tracker Fund        AKD Investments             Equity              10.39           09-12-05

Al Meezan Mutual Fund         Al Meezan Investments       Equity              17.03           12-12-05

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

Atlas Fund of Funds           Atlas Asset Mang.           Equity             11. 42           12-12-05

BSJS Balanced Fund            ABAMCO                      Balanced            16.39           12-12-05

First Dawood M. Fund          Dawood Capital Mang.        Equity              12.48           12-12-05

First Cap. Mutual  Fund.      First Capital Inv. Ltd      Equity              11.28           12-12-05

Golden Arrow Stock Fund       AKD Investments             Equity              10.55           12-12-05

Meezan Balanced Fund          Al Meezan Investments       Islamic Balanced    12.29           12-12-05

Pakistan Premier Fund         Arif Habib Investments      Equity              18.29           09-12-05

Pakistan S.A. Fund            Arif Habib Investments      Equity              13.98           09-12-05

PICIC Investment Fund         PICIC Asset Mang.           Equity              23.35 *         09-12-05

PICIC Growth Fund             PICIC Asset Mang.           Equity              58.17 *         09-12-05

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

Safeway Mutual Fund           Safeway Mang.               Equity                N/A                  -

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