Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices on October 28, 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            526.63      516.30     31-10-05

Atlas Stock Mkt. Fund       Atlas Asset Mang.        Equity            583.99      572.54     31-10-05

Crosby Dragon Fund          Crosby Asset Mang.       Equity            112.40      110.15     27-10-05

Dawood Money Mkt. Fund      Dawood Capital Mang.     Income          105.0031    102.9442     29-10-05

Faysal Bal. Growth Fund     Faysal Asset Mang.       Balanced          118.46      116.03     28-10-05

Faysal Income & Growth Fund Faysal Asset Mang.       Income            100.45      100.45     28-10-05

National Investment Trust   National Inv. Trust      Equity             46.70       45.05     27-10-05

Meezan Islamic Fund         Al Meezan Investments    Islamic Equity     70.30       68.72     27-10-05

MSF - Perpetual             Arif Habib Investments   Income             45.63       45.58     28-10-05

MSF - 12/05                 Arif Habib Investments   Income             51.61       51.56     28-10-05

MSF - 12/07                 Arif Habib Investments   Income             48.36       48.31     28-10-05

MSF - 12/12                 Arif Habib Investments   Income             53.27       53.22     28-10-05

Pakistan Income Fund        Arif Habib Investments   Income             51.98       51.28     28-10-05

Pakistan Stock Market       Arif Habib Investments   Equity            111.84      109.04     27-10-05

United Money Mkt. Fund

                            United AMC                Class 'A'      103.3655    103.3655     28-10-05

                            United AMC                Class 'C'      103.3655    102.3378     28-10-05

Unit Trust of Pakistan      ABAMCO                   Balanced        8,242.00    8,001.00     31-10-05

UTP Income Fund             ABAMCO                   Income            539.00      528.25     31-10-05

UTP Islamic Fund            ABAMCO                   Islamic Equity    685.25      665.25     31-10-05

UTP - Agg. Asset Alloc.     ABAMCO                   Equity             74.86       72.67     28-10-05

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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              36.34           28-10-05

ABAMCO Comp. Fund             ABAMCO                      Equity              11.70           28-10-05

ABAMCO S.M. Fund              ABAMCO                      Equity              18.46           28-10-05

ABAMCO Capital Fund           ABAMCO                      Equity              16.99           28-10-05

Al Meezan M. Fund             Al Meezan Investments       Equity              15.47           27-10-05

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

Atlas Fund of Funds           Atlas Asset Mang.           Equity              10.80           28-10-05

BSJS Balanced Fund            ABAMCO                      Balanced            14.94           28-10-05

First Dawood M. Fund          Dawood Capital Mang.        Equity              11.31           26-10-05

First Cap. M. Fund.           First Capital Inv. Ltd      Equity              10.40           27-10-05

Golden Arrow Stock Fund       AKD Investments             Equity               8.96           26-10-05

Meezan Balanced Fund          Al Meezan Investments       Islamic Balanced    11.53           27-10-05

Pakistan Premier Fund         Arif Habib Investments      Equity              17.06           27-10-05

Pakistan Cap Market Fund      Arif Habib Investments      Equity              13.80           27-10-05

Pakistan S.A. Fund            Arif Habib Investments      Equity              13.27           27-10-05

PICIC Investment Fund         PICIC Asset Mang.           Equity              21.59           26-10-05

PICIC Growth Fund             PICIC Asset Mang.           Equity              64.59           26-10-05

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

Safeway Mutual Fund           Safeway Mang.               Equity                N/A                  -

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