Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices on January 01, 2006.

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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.           52.53          51.25        31-12-05

Atlas Income Fund               Atlas Asset Mang.            Income                  536.63         526.11        02-01-06

Atlas Stock Mkt. Fund           Atlas Asset Mang.            Equity                  643.74         631.12        02-01-06

Crosby Dragon Fund              Crosby Asset Mang.           Equity                  127.60         125.05        29-12-05

Dawood Money Mkt. Fund          Dawood Capital Mang.         Income                107.3936       105.2879        31-12-05

Faysal Bal. Growth Fund         Faysal Asset Mang.           Balanced                129.24         126.58        30-12-05

Faysal Income & Growth Fund     Faysal Asset Mang.           Income                  103.48         102.45        30-12-05

National Investment Trust       National Inv.  Trust         Equity                   53.15          51.25        28-12-05

Meezan Islamic Fund             Al Meezan Investments        Islamic Equity           77.25          75.51        30-12-05

MSF - Perpetual                 Arif Habib Investments       Income                   46.21          46.16        31-12-05

MSF - 12/05                     Arif Habib Investments       Income                   52.51          52.46        31-12-05

MSF - 12/07                     Arif Habib Investments       Income                   49.14          49.09        31-12-05

MSF - 12/12                     Arif Habib Investments       Income                   54.81          54.76        31-12-05

Pakistan Income Fund            Arif Habib Investments       Income                   52.92          52.21        31-12-05

Pakistan Stock Market Fund      Arif Habib Investments       Equity                  119.89         116.89        30-12-05

Pakistan Cap Market Fund        Arif Habib Investments       Equity                   15.23          14.85        30-12-05

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United Money Mkt. Fund

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                                UBL Fund Managers Ltd        Class 'A'             105.0532       105.0532        30-12-05

                                UBL Fund Managers Ltd        Class 'C'             105.0532       104.0027        30-12-05

Unit Trust of Pakistan          ABAMCO                       Balanced              9,159.97       8,893.17        29-12-05

UTP Income Fund                 ABAMCO                       Income                  549.14         538.36        29-12-05

UTP Islamic Fund                ABAMCO                       Islamic Equity          762.42         746.03        29-12-05

UTP - Agg. Asset Alloc.         ABAMCO                       Equity                   89.55          86.93        29-12-05

UTP - Fund of Funds.            ABAMCO                       Equity                   56.95          55.82        29-12-05

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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                   38.90                       29-12-05

ABAMCO Comp. Fund               ABAMCO                       Equity                   13.16                       29-12-05

ABAMCO S.M. Fund                ABAMCO                       Equity                   20.58                       29-12-05

ABAMCO Capital Fund             ABAMCO                       Equity                   18.91                       29-12-05

AKD Index Tracker Fund          AKD Investments              Equity                   10.48                       30-12-05

Al Meezan Mutual Fund           Al Meezan Investments        Equity                   17.04                       30-12-05

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

Atlas Fund of Funds             Atlas Asset Mang.            Equity                   11.75                       30-12-05

BSJS Balanced Fund              ABAMCO                       Balanced                 16.59                       29-12-05

First Dawood M. Fund            Dawood Capital Mang.         Equity                   12.36                       31-12-05

First Cap. Mutual Fund.         First Capital Inv. Ltd       Equity                   11.13                       28-12-05

Golden Arrow Stock Fund         AKD Investments              Equity                10. 56**                       30-12-05

Meezan Balanced Fund            Al Meezan Investments        Islamic Balanced         12.30                       30-12-05

Pakistan Premier Fund           Arif Habib Investments       Equity                   18.30                       30-12-05

Pakistan S.A. Fund              Arif Habib Investments       Equity                   13.89                       30-12-05

PICIC Investment Fund           PICIC Asset Mang.            Equity                 23.31 *                       30-12-05

PICIC Growth Fund               PICIC Asset Mang.            Equity                 57.47 *                       30-12-05

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

Safeway Mutual Fund             Safeway Mang.                Equity                     N/A                              -

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