Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices on December 28, 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.           52.35          51.07        27-12-05

Atlas Income Fund               Atlas Asset Mang.            Income                  536.10         525.59        28-12-05

Atlas Stock Mkt. Fund           Atlas Asset Mang.            Equity                  637.57         625.07        28-12-05

Crosby Dragon Fund              Crosby Asset Mang.           Equity                  124.85         122.35        28-12-05

Dawood Money Mkt. Fund          Dawood Capital Mang.         Income                107.0931       104.9932        26-12-05

Faysal Bal. Growth Fund         Faysal Asset Mang.           Balanced                128.49         125.85        27-12-05

Faysal Income & Growth Fund     Faysal Asset Mang.           Income                  103.40         102.38        27-12-05

National Investment Trust       National Inv.  Trust         Equity                   52.55          50.70        27-12-05

Meezan Islamic Fund             Al Meezan Investments        Islamic Equity           76.32          74.60        27-12-05

MSF - Perpetual                 Arif Habib Investments       Income                   46.18          46.15        27-12-05

MSF - 12/05                     Arif Habib Investments       Income                   52.17          52.12        27-12-05

MSF - 12/07                     Arif Habib Investments       Income                   49.13          49.08        27-12-05

MSF - 12/12                     Arif Habib Investments       Income                   54.84          54.79        27-12-05

Pakistan Income Fund            Arif Habib Investments       Income                   52.86          52.15        27-12-05

Pakistan Stock Market Fund      Arif Habib Investments       Equity                  118.48         115.52        26-12-05

Pakistan Cap Market Fund        Arif Habib Investments       Equity                   15.01          14.63        26-12-05

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United Money Mkt. Fund

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United Money Mkt. Fund          UBL Fund Managers Ltd.       Class ''A''             104.9941       104.9941        28-12-05

                                UBL Fund Managers Ltd.       Class ''C''             104.9941       103.9442        28-12-05

Unit Trust of Pakistan          ABAMCO                       Balanced              9,093.82       8,828.94        27-12-05

UTP Income Fund                 ABAMCO                       Income                  548.83         538.06        27-12-05

UTP Islamic Fund                ABAMCO                       Islamic Equity          763.23         740.99        27-12-05

UTP - Agg. Asset Alloc.         ABAMCO                       Equity                   89.24          86.63        27-12-05

UTP - Fund of Funds.            ABAMCO                       Equity                   56.56          55.44        27-12-05

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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                        38.78                27-12-05

ABAMCO Comp. Fund               ABAMCO                         Equity                        13.03                27-12-05

ABAMCO S.M. Fund                ABAMCO                         Equity                        20.52                27-12-05

ABAMCO Capital Fund             ABAMCO                         Equity                        18.80                27-12-05

AKD Index Tracker Fund          AKD Investments                Equity                        10.41                27-12-05

Al Meezan Mutual Fund           Al Meezan Investments          Equity                        16.82                27-12-05

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

Atlas Fund of Funds             Atlas Asset Mang.              Equity                        11.58                27-12-05

BSJS Balanced Fund              ABAMCO                         Balanced                      16.47                27-12-05

First Dawood M. Fund            Dawood Capital Mang.           Equity                        12.32                24-12-05

First Cap. Mutual Fund.         First Capital Inv. Ltd.        Equity                        11.11                27-12-05

Golden Arrow Stock Fund         AKD Investments                Equity                        10.48**              27-12-05

Meezan Balanced Fund            Al Meezan Investments          Islamic Balanced              12.19                26-12-05

Pakistan Premier Fund           Arif Habib Investments         Equity                        18.01                26-12-05

Pakistan S.A. Fund              Arif Habib Investments         Equity                        13.84                23-12-05

PICIC Investment Fund           PICIC Asset Mang.              Equity                        23.21*               23-12-05

PICIC Growth Fund               PICIC Asset Mang.              Equity                        57.49*               23-12-05

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

Safeway Mutual Fund             Safeway Mang.                  Equity                          N/A                       -

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