Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices on Thursday (May 18, 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              104.5802      103.2891      18-05-06

Alfalah GHP Value Fund            Alfalah GHP Inv. Mang.          Asset Allocat.         58.63         57.20      17-05-06

Askari Income Fund                Askari Inv Mang Ltd             Income - Class B      105.23        103.83      18-05-06

                                  Askari Inv Mang Ltd             Income - Class C      103.83        102.43      18-05-06

AKD Opportunity Fund              AKD Investments                 Equity                 49.65         48.20      17-05-06

Atlas Income Fund                 Atlas Asset Mang.               Income                560.76        549.76      18-05-06

Atlas Stock Mkt. Fund             Atlas Asset Mang.               Equity                738.65        724.17      18-05-06

Crosby Dragon Fund                Crosby Asset Mang.              Equity                132.40        129.75      18-05-06

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

Faysal Bal. Growth Fund           Faysal Asset Mang.              Balanced              119.39        116.76      17-05-06

Faysal Income & Growth Fund       Faysal Asset Mang.              Income                106.77        105.71      17-05-06

KASB Liquid Fund                  KASB Funds Ltd                  Money Market          100.24        100.24      18-05-06

KASB Liquid Fund

 (with contingent back-end loan   KASB Funds Ltd                  Money Market          100.24         99.73      18-05-06

National Investment Trust         National Inv.  Trust            Equity                 54.25         52.40      17-05-06

NAFA Cash Fund                    National Fullerton Asset        -                      10.07         10.07      17-05-06

Meezan Islamic Fund               Al Meezan Investments           Islamic Equity        84..97         83.06      17-05-06

MSF - Perpetual                   Arif Habib Investments          Income                 47.56         47.51      18-05-06

MSF - 12/07                       Arif Habib Investments          Income                 50.41         50.36      18-05-06

MSF - 12/12                       Arif Habib Investments          Income                 56.01         55.95      18-05-06

Pakistan Income Fund              Arif Habib Investments          Income                 55.23         54.48      18-05-06

Pak Int''l Islamic Fund - A        Arif Habib Investments          Islamic                50.79         49.52      17-05-06

Pakistan Stock Market             Arif Habib Investments          Equity                127.02        123.84      17-05-06

Pakistan Cap Market Fund          Arif Habib Investments          Equity                 15.98         15.58      17-05-06

United Growth & Income Fund       UBL Fund Managers Ltd           Income              110.2374      108.6083      18-05-06

                                                                  Growth              108.6083      105.3501      18-05-06

United Money Mkt. Fund            UBL Fund Managers Ltd             Class ''A''         109.0004      109.0004      17-05-06

                                                                   Class ''C''          109.0004      107.9104      17-05-06

Unit Trust of Pakistan            ABAMCO                          Balanced           10,485.06     10,179.66      17-05-06

UTP Income Fund                   ABAMCO                          Income                571.81        560.59      17-05-06

UTP Islamic Fund                  ABAMCO                          Islamic Equity        898.73        872.54      17-05-06

UTP - Agg. Asset Alloc.           ABAMCO                          Equity                 99.41         96.51      17-05-06

UTP - Fund of Funds.              ABAMCO                          Equity                 60.08         58.89      17-05-06

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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                 41.26                    17-05-06

ABAMCO Comp. Fund                 ABAMCO                          Equity                11.51*                    17-05-06

ABAMCO S.M. Fund                  ABAMCO                          Equity                 22.46                    17-05-06

ABAMCO Capital Fund               ABAMCO                          Equity                 20.51                    17-05-06

AKD Index Tracker Fund            AKD Investments                 Equity                 11.93                    17-05-06

Al Meezan M. Fund                 Al Meezan Investments           Equity                 18.64                    17-05-06

Asian Stocks Fund                 Asian Cap. Mang.                Equity                     -                           -

Atlas Fund of Funds               Atlas Asset Mang.               Equity                 12.58                    17-05-06

BSJS Balanced Fund                ABAMCO                          Balanced               15.84                    17-05-06

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

First Cap. M. Fund.               First Capital Inv. Ltd          Equity               13.13**                    17-05-06

Golden Arrow Stock Fund           AKD Investments                 Equity              08.71***                    17-05-06

Meezan Balanced Fund              Al Meezan Investments           Islamic Balanced       13.17                    17-05-06

Pakistan Premier Fund             Arif Habib Investments          Equity                 19.09                    17-05-06

Pakistan S.A. Fund                Arif Habib Investments          Equity                 14.43                    17-05-06

PICIC Growth Fund                 PICIC Asset Mang.               Equity              48.82***                    17-05-06

PICIC Investment Fund             PICIC Asset Mang.               Equity                 23.06                    17-05-06

PICIC Energy Fund                 PICIC Asset Mang.               Equity                 10.57                    17-05-06

Prudential Stock Fund             Prudential Fund Mang.           Equity                     -                           -

Safeway Mutual Fund               Safeway Mang.                   Equity                     -                           -

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