Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices on November 22, 2005.

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Names                       Asset Manager            Category           Offer    Repurchase   Validity

of Fund                                                                 Price      Price       (Dates)

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Alfalah GHP Value Fund      Alfalah GHP Inv. Mang.   Asset Allocat.     51.62       50.36     22-11-05

Atlas Income Fund           Atlas Asset Mang.        Income            530.30      519.90     23-11-05

Atlas Stock Mkt. Fund       Atlas Asset Mang.        Equity            615.42      603.35     23-11-05

Crosby Dragon Fund          Crosby Asset Mang.       Equity            117.30      114.95     23-11-05

Dawood Money Mkt. Fund      Dawood Capital Mang.     Income          105.7541    103.6805     22-11-05

Faysal Bal. Growth Fund     Faysal Asset Mang.       Balanced          125.07      122.50     21-11-05

Faysal Income & Growth Fund Faysal Asset Mang.       Income            102.16      101.15     21-11-05

National Investment Trust   National Inv.  Trust     Equity             50.80       49.05     23-11-05

Meezan Islamic Fund         Al Meezan Investments    Islamic Equity     74.62       72.94     22-11-05

MSF - Perpetual             Arif Habib Investments   Income             45.88       45.83     23-11-05

MSF - 12/05                 Arif Habib Investments   Income             51.88       51.83     23-11-05

MSF - 12/07                 Arif Habib Investments   Income             48.72       48.67     23-11-05

MSF - 12/12                 Arif Habib Investments   Income             54.06       54.01     23-11-05

Pakistan Income Fund        Arif Habib Investments   Income             52.33       51.62     22-11-05

Pakistan Stock Market       Arif Habib Investments   Equity            117.59      114.65     22-11-05

Pakistan Cap Market Fund    Arif Habib Investments   Equity             14.99       14.62     22-11-05

United Money Mkt. Fund

                            United AMC               Class 'A'       104.0391    104.0391     23-11-05

                            United AMC               Class 'C'       104.0391    102.9987     23-11-05

Unit Trust of Pakistan      ABAMCO                   Balanced        8,654.12    8,402.04     22-11-05

UTP Income Fund             ABAMCO                   Income            542.88      532.23     22-11-05

UTP Islamic Fund            ABAMCO                   Islamic Equity    725.00      703.87     22-11-05

UTP - Agg. Asset Alloc.     ABAMCO                   Equity             80.98       78.62     22-11-05

UTP - Fund of funds.        ABAMCO                   Equity             52.53       51.53     22-11-05

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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              37.55           22-11-05

ABAMCO Comp. Fund             ABAMCO                      Equity              12.45           22-11-05

ABAMCO S.M. Fund              ABAMCO                      Equity              19.58           22-11-05

ABAMCO Capital Fund           ABAMCO                      Equity              17.96           22-11-05

Al Meezan M. Fund             Al Meezan Investments       Equity              16.52           22-11-05

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

Atlas Fund of Funds           Atlas Asset Mang.           Equity              11.15           22-11-05

BSJS Balanced Fund            ABAMCO                      Balanced            15.69           22-11-05

First Dawood M. Fund          Dawood Capital Mang.        Equity              10.89           21-11-05

First Cap. M. Fund.           First Capital Inv. Ltd      Equity              10.83           22-11-05

Golden Arrow Stock Fund       AKD Investments             Equity              10.03           22-11-05

Meezan Balanced Fund          Al Meezan Investments       Islamic Balanced    12.04           22-11-05

Pakistan Premier Fund         Arif Habib Investments      Equity              17.84           22-11-05

Pakistan S.A. Fund            Arif Habib Investments      Equity              13.72           22-11-05

PICIC Investment Fund         PICIC Asset Mang.           Equity              22.91           21-11-05

PICIC Growth Fund             PICIC Asset Mang.           Equity              67.73           21-11-05

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

Safeway Mutual Fund           Safeway Mang.               Equity                N/A                  -

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