Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices on November 02, 2005.

======================================================================================================

Names                       Asset Manager            Category           Offer    Repurchase   Validity

of Fund                                                                 Price      Price       (Dates)

======================================================================================================

Alfalah GHP Value Fund      Alfalah GHP Inv. Mang.   Asset Allocat.     51.25       50.00     31-10-05

Atlas Income Fund           Atlas Asset Mang.        Income            527.33      516.99     07-11-05

Atlas Stock Mkt. Fund       Atlas Asset Mang.        Equity            594.49      582.83     07-11-05

Crosby Dragon Fund          Crosby Asset Mang.       Equity            112.55      110.30     31-10-05

Dawood Money Mkt. Fund      Dawood Capital Mang.     Income          105.1924    103.1298     07-11-05

Faysal Bal. Growth Fund     Faysal Asset Mang.       Balanced          119.39      116.93     02-11-05

Faysal Income & Growth Fund Faysal Asset Mang.       Income            100.58      100.58     02-11-05

National Investment Trust   National Inv.  Trust     Equity             47.20       45.55     02-11-05

Meezan Islamic Fund         Al Meezan Investments    Islamic Equity     70.71       69.12     02-11-05

MSF - Perpetual             Arif Habib Investments   Income             45.73       45.68     07-11-05

MSF - 12/05                 Arif Habib Investments   Income             51.71       51.66     07-11-05

MSF - 12/07                 Arif Habib Investments   Income             48.46       48.41     07-11-05

MSF - 12/12                 Arif Habib Investments   Income             53.44       53.39     07-11-05

Pakistan Income Fund        Arif Habib Investments   Income             52.13       51.43     07-11-05

Pakistan Stock Market       Arif Habib Investments   Equity            113.19      110.36     02-11-05

United Money Mkt. Fund

                            United AMC               Class 'A'       103.6159    103.6159     07-11-05

                            United AMC               Class 'C'       103.6159    102.5797     07-11-05

Unit Trust of Pakistan      ABAMCO                   Balanced        8,212.00    7,972.00     01-11-05

UTP Income Fund             ABAMCO                   Income            539.75      529.00     01-11-05

UTP Islamic Fund            ABAMCO                   Islamic Equity    676.50      656.50     01-11-05

UTP - Agg. Asset Alloc.     ABAMCO                   Equity             77.52       75.25     02-11-05

======================================================================================================

CLOSED-END FUND NAVs:

======================================================================================================

Names of Fund                 Investment Advisor          Category            NAVs    Validity (Dates)

======================================================================================================

ABAMCO Growth Fund            ABAMCO                      Equity              36.81           02-11-05

ABAMCO Comp. Fund             ABAMCO                      Equity              11.91           02-11-05

ABAMCO S.M. Fund              ABAMCO                      Equity              18.64           02-11-05

ABAMCO Capital Fund           ABAMCO                      Equity              17.19           02-11-05

Al Meezan M. Fund             Al Meezan Investments       Equity              15.52           02-11-05

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

Atlas Fund of Funds           Atlas Asset Mang.           Equity              10.82           02-11-05

BSJS Balanced Fund            ABAMCO                      Balanced            15.10           02-11-05

First Dawood M. Fund          Dawood Capital Mang.        Equity              11.29           02-11-05

First Cap. M. Fund.           First Capital Inv. Ltd      Equity              10.45           02-11-05

Golden Arrow Stock Fund       AKD Investments             Equity               9.35           02-11-05

Meezan Balanced Fund          Al Meezan Investments       Islamic Balanced    11.57           02-11-05

Pakistan Premier Fund         Arif Habib Investments      Equity              17.25           02-11-05

Pakistan Cap Market Fund      Arif Habib Investments      Equity              14.02           02-11-05

Pakistan S.A. Fund            Arif Habib Investments      Equity              13.37           02-11-05

PICIC Investment Fund         PICIC Asset Mang.           Equity              21.84           31-10-05

PICIC Growth Fund             PICIC Asset Mang.           Equity              65.51           31-10-05

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

Safeway Mutual Fund           Safeway Mang.               Equity                N/A                  -

======================================================================================================