Open End Mutual Funds (Unit Trusts)

The open end mutual funds.

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Types of       Asset      Offer/   Red/        Validity

Names of       Manager    Sale     Rep           Date/s

Funds                     Price    Price

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Equity Funds

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PSM                       106.81  104.14     06.02.2004

Meezan          Al Meezan

Islamic Fund    Inv. Mgt   60.55   59.34     09.02.2004

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Debt/Income Funds

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PIF             AHIML      54.19   53.46     07.02.2004

MSF- Perpetual  AHIML      46.75   46.66     07.02.2004

MSF-12/05       AHIML      51.01   50.91     07.02.2004

MSF-12/07       AHIML      49.98   49.88     07.02.2004

MSF-12/12       AHIML      47.36   47.27     07.02.2004

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