Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices on October 22, 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               N.A         N.A            -

Atlas Stock Mkt. Fund       Atlas Asset Mang.        Equity               N.A         N.A            -

Crosby Dragon Fund          Crosby Asset Mang.       Equity               N.A         N.A            -

Dawood Money Mkt. Fund      Dawood Capital Mang.     Income               N.A         N.A            -

Faysal Bal. Growth Fund     Faysal Asset Mang.       Balanced             N.A         N.A            -

Faysal Income & Growth Fund Faysal Asset Mang.       Income               N.A         N.A            -

National Investment Trust   National Inv Trust       Equity             45.75       44.15     21-10-05

Meezan Islamic Fund         Al Meezan Investments    Islamic Equity       N.A         N.A            -

MSF - Perpetual             Arif Habib Investments   Income             45.57       45.52     21-10-05

MSF - 12/05                 Arif Habib Investments   Income             51.54       51.49     21-10-05

MSF - 12/07                 Arif Habib Investments   Income             48.29       48.24     21-10-05

MSF - 12/12                 Arif Habib Investments   Income             53.12       53.07     21-10-05

Pakistan Income Fund        Arif Habib Investments   Income             51.86       51.16     21-10-05

Pakistan Stock Market       Arif Habib Investments   Equity            113.38      110.55     20-10-05

United Money Mkt. Fund

                            United AMC               Class 'A'            N/A         N/A            -

                            United AMC               Class 'C'            N/A         N/A            -

Unit Trust of Pakistan      ABAMCO                   Balanced        8,225.00    7,984.00     24-10-05

UTP Income Fund             ABAMCO                   Income            538.00      527.25     24-10-05

UTP Islamic Fund            ABAMCO                   Islamic Equity    680.75      660.75     24-10-05

UTP - Agg. Asset Alloc.     ABAMCO                   Equity             73.10       70.97     21-10-05

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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              35.30           21-10-05

ABAMCO Comp. Fund             ABAMCO                      Equity              11.64           21-10-05

ABAMCO S.M. Fund              ABAMCO                      Equity              18.12           21-10-05

ABAMCO Capital Fund           ABAMCO                      Equity              16.70           21-10-05

Al Meezan M. Fund             Al Meezan Investments       Equity                  -           21-10-05

Asian Stocks Fund             Asian Cap Mang              Equity                N/A                  -

Atlas Fund of Funds           Atlas Asset Mang            Equity              10.79           20-10-05

BSJS Balanced Fund            ABAMCO                      Balanced            14.99           21-10-05

First Dawood M. Fund          Dawood Capital Mang.        Equity              11.46           21-10-05

First Cap. M. Fund.           First Capital Inv Ltd       Equity              12.09           19-10-05

Golden Arrow Stock Fund       AKD Investments             Equity              08.92           21-10-05

Meezan Balanced Fund          Al Meezan Investments       Islamic Balanced    11.62           18-10-05

Pakistan Premier Fund         Arif Habib Investments      Equity              17.36           12010-05

Pakistan Cap Market Fund      Arif Habib Investments      Equity              13.97           20-10-05

Pakistan S.A. Fund            Arif Habib Investments      Equity              13.30           20-10-05

PICIC Investment Fund         PICIC Asset Mang            Equity              22.21           18-10-05

PICIC Growth Fund             PICIC Asset Mang            Equity              66.05           18-10-05

Prudential Stock Fund         Prudential Fund Mang        Equity                N/A                  -

Safeway Mutual Fund           Safeway Mang                Equity                N/A                  -

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