Mutual Funds Association of Pakistan - MUFAP

Mutual Funds Association has issued open-end funds daily prices on October 18, 2005.

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Names                       Asset Manager            Category                Offer     Repurchase    Validity

of Fund                                                                      Price       Price        (Dates)

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Atlas Income Fund           Atlas Asset Mang.        Income                 524.85      514.56     18.10.2005

Atlas Stock Mkt. Fund       Atlas Asset Mang.        Equity                 610.20      598.24     18.10.2005

Crosby Dragon Fund          Crosby Asset Mang.       Equity                 115.10      112.75     17.10.2005

Dawood Money Mkt. Fund      Dawood Capital Mang.     Income               104.6399    102.5882     19.10.2005

Faysal Bal Growth Fund      Faysal Asset Mang.       Balanced               120.46      117.98     17.10.2005

Faysal Income &

Growth Fund                 Faysal Asset Mang.       Income                 100.16      100.16     17.10.2005

National Investment Trust   National Inv Trust       Equity                  46.65       45.05     18.10.2005

Meezan Islamic Fund         Al Meezan Investments    Islamic Equity          71.31       69.71     18.10.2005

MSF - Perpetual             Arif Habib Investments   Income                  45.54       45.49     18.10.2005

MSF - 12/05                 Arif Habib Investments   Income                  51.51       51.46     18.10.2005

MSF - 12/07                 Arif Habib Investments   Income                  48.26       48.21     18.10.2005

MSF - 12/12                 Arif Habib Investments   Income                  53.08       53.03     18.10.2005

Pakistan Income Fund        Arif Habib Investments   Income                  51.79       51.09     18.10.2005

Pakistan Stock Market       Arif Habib Investments   Income                 115.66      112.77     17.10.2005

United Money Mkt. Fund

                            United AMC                Income 'A''         103.1396    103.1396     19.10.2005

                            United AMC               Income 'C''          103.1396    102.1082     19.10.2005

Unit Trust of Pakistan      ABAMCO                   Balanced             8,600.00    8,349.00     18.10.2005

UTP Income Fund             ABAMCO                   Income                 537.00      526.25     18.10.2005

UTP Islamic Fund            ABAMCO                   Islamic Equity         722.75      701.50     18.10.2005

UTP - Agg. Asset Alloc.     ABAMCO                   Equity                  75.83       73.61     17.10.2005

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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       14.10.2005

ABAMCO Comp. Fund             ABAMCO                    Equity              12.41       14.10.2005

ABAMCO S.M. Fund              ABAMCO                    Equity              19.29       14.10.2005

ABAMCO Capital Fund           ABAMCO                    Equity              17.73       14.10.2005

Al Meezan M. Fund             Al Meezan Investments     Equity              15.78       18.10.2005

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

Atlas Fund of Funds           Atlas Asset Mang.         Equity              10.87       17.10.2005

BSJS Balanced Fund            ABAMCO                    Balanced            15.62       14.10.2005

First Dawood M. Fund          Dawood Capital Mang.      Equity              11.46       19.10.2005

First Cap. M. Fund.           First Capital Inv. Ltd    Equity              11.87       18.10.2005

Golden Arrow Stock Fund       AKD Investments           Equity              09.19       18.10.2005

Meezan Balanced Fund          Al Meezan Investments     Islamic Balanced    11.62       18.10.2005

Pakistan Premier Fund         Arif Habib Investments    Equity              17.69       17.10.2005

Pakistan Cap Market Fund      Arif Habib Investments    Equity              14.21       17.10.2005

Pakistan S.A. Fund            Arif Habib Investments    Equity              13.39       17.10.2005

PICIC Investment Fund         PICIC Asset Mang.         Equity              22.59       14.10.2005

PICIC Growth Fund             PICIC Asset Mang.         Equity              67.30       14.10.2005

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

Safeway Mutual Fund           Safeway Mang.             Equity                N/A                -

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