Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices on December 23, 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.           52.49          51.21      23-12-2005

Atlas Income Fund               Atlas Asset Mang.            Income                  535.41         524.91      26-12-2005

Atlas Stock Mkt. Fund           Atlas Asset Mang.            Equity                  638.25         625.74      26-12-2005

Crosby Dragon Fund              Crosby Asset Mang.           Equity                  126.10         123.60      22-12-2005

Dawood Money Mkt. Fund          Dawood Capital Mang.         Income                107.0024       104.9043      24-12-2005

Faysal Bal. Growth Fund         Faysal Asset Mang.           Balanced                128.64         125.99      23-12-2005

Faysal Income & Growth Fund     Faysal Asset Mang.           Income                  103.29         102.26      23-12-2005

National Investment Trust       National Inv. Trust          Equity                   52.85          51.00      23-12-2005

Meezan Islamic Fund             Al Meezan Investments        Islamic Equity           76.75          75.02      22-12-2005

MSF - Perpetual                 Arif Habib Investments       Income                   46.14          46.09      23-12-2005

MSF - 12/05                     Arif Habib Investments       Income                   52.17          52.12      23-12-2005

MSF - 12/07                     Arif Habib Investments       Income                   49.09          49.04      23-12-2005

MSF - 12/12                     Arif Habib Investments       Income                   54.78          54.73      23-12-2005

Pakistan Income Fund            Arif Habib Investments       Income                   52.81          52.10      23-12-2005

Pakistan Stock Market Fund      Arif Habib Investments       Equity                  119.16         116.18      22-12-2005

Pakistan Cap Market Fund        Arif Habib Investments       Equity                   15.09          14.71      22-12-2005

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United Money Mkt. Fund

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                                UBL Fund Managers Ltd        Class ''A''             104.8758      104. 8758      24-12-2005

                                UBL Fund Managers Ltd        Class ''C''             104.8758       103.8270      24-12-2005

Unit Trust of Pakistan          ABAMCO                       Balanced               9100.34       8,835.27      23-12-2005

UTP Income Fund                 ABAMCO                       Income                  548.21         537.45      23-12-2005

UTP Islamic Fund                ABAMCO                       Islamic Equity          765.67         743.36      23-12-2005

UTP - Agg. Asset Alloc.         ABAMCO                       Equity                   89.70          87.08      23-12-2005

UTP - Fund of Funds.            ABAMCO                       Equity                   56.86          55.73      23-12-2005

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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                        39.03              23-12-2005

ABAMCO Comp. Fund               ABAMCO                         Equity                        13.08              23-12-2005

ABAMCO S.M. Fund                ABAMCO                         Equity                        20.57              23-12-2005

ABAMCO Capital Fund             ABAMCO                         Equity                        18.86              23-12-2005

AKD Index Tracker Fund          AKD Investments                Equity                        10.42              22-12-2005

Al Meezan Mutual Fund           Al Meezan Investments          Equity                        16.90              22-12-2005

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

Atlas Fund of Funds             Atlas Asset Mang.              Equity                        11.62              23-12-2005

BSJS Balanced Fund              ABAMCO                         Balanced                      16.49              23-12-2005

First Dawood M. Fund            Dawood Capital Mang.           Equity                        12.32              23-12-2005

First Cap. Mutual Fund.         First Capital Inv. Ltd         Equity                        11.14              22-12-2005

Golden Arrow Stock Fund         AKD Investments                Equity                     10. 50**              22-12-2005

Meezan Balanced Fund            Al Meezan Investments          Islamic Balanced              12.27              22-12-2005

Pakistan Premier Fund           Arif Habib Investments         Equity                        18.15              22-12-2005

Pakistan S.A. Fund              Arif Habib Investments         Equity                        13.88              22-12-2005

PICIC Investment Fund           PICIC Asset Mang.              Equity                       23.20*              22-12-2005

PICIC Growth Fund               PICIC Asset Mang.              Equity                       57.38*              22-12-2005

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

Safeway Mutual Fund             Safeway Mang.                  Equity                          N/A                       -

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