Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices on Tuesday (May 16, 2006).

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Names                             Asset Manager                   Category             Offer      Repurchase      Validity

of Fund                                                                                 Price         Price        (Dates)

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AMZ Plus Income Fund              AMZ Asset Mang.                 Income              104.5504      103.2597      16-05-06

Alfalah GHP Value Fund            Alfalah GHP Inv. Mang.          Asset Allocat.         58.57         57.14      15-05-06

Askari Income Fund                Askari Inv Mang Ltd             Income - Class B      105.18        103.78      15-05-06

                                  Askari Inv Mang Ltd             Income - Class C      103.78        102.38      15-05-06

AKD Opportunity Fund              AKD Investments                 Equity                 49.55         48.05      15-05-06

Atlas Income Fund                 Atlas Asset Mang.               Income                560.47        549.48      16-05-06

Atlas Stock Mkt. Fund             Atlas Asset Mang.               Equity                738.15        723.68      16-05-06

Crosby Dragon Fund                Crosby Asset Mang.              Equity                133.75        131.05      16-05-06

Dawood Money Mkt. Fund            Dawood Capital Mang.            Income              111.0346      109.9352      16-05-06

Faysal Bal. Growth Fund           Faysal Asset Mang.              Balanced              120.09        117.45      15-05-06

Faysal Income & Growth Fund       Faysal Asset Mang.              Income                106.82        105.76      15-05-06

KASB Liquid Fund                  KASB Funds Ltd                  Money Market          100.15        100.15      15-05-06

KASB Liquid Fund

 (with contingent back-end load   KASB Funds Ltd                  Money Market          100.15         99.64      15-05-06

National Investment Trust         National Inv.  Trust            Equity                 54.25         52.35      15-05-06

NAFA Cash Fund                    National Fullerton Asset Man-                          10.05         10.05      11-05-06

Meezan Islamic Fund               Al Meezan Investments           Islamic Equity         85.21         83.29      15-05-06

MSF - Perpetual                   Arif Habib Investments          Income                 47.52         47.47      15-05-06

MSF - 12/07                       Arif Habib Investments          Income                 50.37         50.32      15-05-06

MSF - 12/12                       Arif Habib Investments          Income                 55.95         55.89      15-05-06

Pakistan Income Fund              Arif Habib Investments          Income                 55.18         54.44      15-05-06

Pak Int'l Islamic Fund - A        Arif Habib Investments          Islamic                51.05         49.77      12-05-06

Pakistan Stock Market             Arif Habib Investments          Equity                129.37        126.14      12-05-06

Pakistan Cap Market Fund          Arif Habib Investments          Equity                 16.21         15.80      12-05-06

United Growth & Income Fund       UBL Fund Managers Ltd           Income              110.1289      108.5014      15-05-06

                                                                  Growth              108.5014      105.2464      15-05-06

United Money Mkt. Fund            UBL Fund Managers Ltd           Class 'A'           108.9461      108.9461      15-05-06

                                                                  Class 'C'           108.9461      107.8566      15-05-06

Unit Trust of Pakistan            ABAMCO                          Balanced           10,495.30     10,189.60      15-05-06

UTP Income Fund                   ABAMCO                          Income                571.43        560.21      15-05-06

UTP Islamic Fund                  ABAMCO                          Islamic Equity        899.81        873.59      15-05-06

UTP - Agg. Asset Alloc.           ABAMCO                          Equity                 99.80         96.88      15-05-06

UTP - Fund of Funds.              ABAMCO                          Equity                 60.81         59.61      15-05-06

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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                 41.17                    15-05-06

ABAMCO Comp. Fund                 ABAMCO                          Equity                 11.55*                   15-05-06

ABAMCO S.M. Fund                  ABAMCO                          Equity                 22.44                    15-05-06

ABAMCO Capital Fund               ABAMCO                          Equity                 20.50                    15-05-06

AKD Index Tracker Fund            AKD Investments                 Equity                 11.94                    15-05-06

Al Meezan M. Fund                 Al Meezan Investments           Equity                 18.68                    15-05-06

Asian Stocks Fund                 Asian Cap. Mang.                Equity                     -                           -

Atlas Fund of Funds               Atlas Asset Mang.               Equity                 12.52                    15-05-06

BSJS Balanced Fund                ABAMCO                          Balanced               15.84*                   15-05-06

First Dawood M. Fund              Dawood Capital Mang.            Equity                 13.44                    12-05-06

First Cap. M. Fund.               First Capital Inv. Ltd          Equity                 13.45**                  12-05-06

Golden Arrow Stock Fund           AKD Investments                 Equity                 08.71***                 15-05-06

Meezan Balanced Fund              Al Meezan Investments           Islamic Balanced       13.20                    15-05-06

Pakistan Premier Fund             Arif Habib Investments          Equity                 19.47                    12-05-06

Pakistan S.A. Fund                Arif Habib Investments          Equity                 14.68                    12-05-06

PICIC Growth Fund                 PICIC Asset Mang.               Equity                 48.77***                 15-05-06

PICIC Investment Fund             PICIC Asset Mang.               Equity                 22.99                    15-05-06

PICIC Energy Fund                 PICIC Asset Mang.               Equity                 10.62                    15-05-06

Prudential Stock Fund             Prudential Fund Mang.           Equity                     -                           -

Safeway Mutual Fund               Safeway Mang                    Equity                     -                           -

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