Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices on October 25, 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            526.05      515.74     25-10-05

Atlas Stock Mkt. Fund       Atlas Asset Mang.        Equity            589.04      577.49     25.10-05

Crosby Dragon Fund          Crosby Asset Mang.       Equity            112.55      110.00     26-10-05

Dawood Money Mkt. Fund      Dawood Capital Mang.     Income          104.9217    102.8644     26-10-05

Faysal Bal. Growth Fund     Faysal Asset Mang.       Balanced          118.70      116.26     25-10-05

Faysal Income & Growth Fund Faysal Asset Mang.       Income            100.38      100.38     25-10-05

National Investment Trust   National Inv.  Trust     Equity             46.55       44.90     25-10-05

Meezan Islamic Fund         Al Meezan Investments    Islamic Equity     70.26       68.68     25-10-05

MSF - Perpetual             Arif Habib Investments   Income             45.61       45.56     25-10-05

MSF - 12/05                 Arif Habib Investments   Income             51.58       51.53     25-10-05

MSF - 12/07                 Arif Habib Investments   Income             48.33       48.28     25-10-05

MSF - 12/12                 Arif Habib Investments   Income             53.16       53.11     25-10-05

Pakistan Income Fund        Arif Habib Investments   Income             51.93       51.23     25-10-05

Pakistan Stock Market       Arif Habib Investments   Equity            112.86      110.04     24-10-05

United Money Mkt. Fund

                            United AMC               Class 'A'       103.3158    103.3158     26-10-05

                            United AMC               Class 'C'       103.3158    102.2826     26-10-05

Unit Trust of Pakistan      ABAMCO                   Balanced        8,331.00    8,087.00     25-10-05

UTP Income Fund             ABAMCO                   Income            538.75      528.00     25-10-05

UTP Islamic Fund            ABAMCO                   Islamic Equity    693.25      672.75     25-10-05

UTP - Agg. Asset Alloc.     ABAMCO                   Equity             74.09       71.93     24-10-05

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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              36.06           24-10-05

ABAMCO Comp. Fund             ABAMCO                      Equity              11.85           24-10-05

ABAMCO S.M. Fund              ABAMCO                      Equity              18.59           24-10-05

ABAMCO Capital Fund           ABAMCO                      Equity              17.10           24-10-05

Al Meezan M. Fund             Al Meezan Investments       Equity              15.81           21-10-05

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

Atlas Fund of Funds           Atlas Asset Mang.           Equity              10.80           24-10-05

BSJS Balanced Fund            ABAMCO                      Balanced            15.11           24-10-05

First Dawood M. Fund          Dawood Capital Mang.        Equity              11.37           25-10-05

First Cap. M. Fund.           First Capital Inv. Ltd      Equity              10.47*          25-10-05

Golden Arrow Stock Fund       AKD Investments             Equity               9.06           25-10-05

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

Pakistan Premier Fund         Arif Habib Investments      Equity              17.24           24-10-05

Pakistan Cap Market Fund      Arif Habib Investments      Equity              13.89           24-10-05

Pakistan S.A. Fund            Arif Habib Investments      Equity              13.31           24-10-05

PICIC Investment Fund         PICIC Asset Mang.           Equity              21.36           21-10-05

PICIC Growth Fund             PICIC Asset Mang.           Equity              63.39           21-10-05

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

Safeway Mutual Fund           Safeway Mang.               Equity                N/A                  -

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