Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices on Monday (May 22, 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              104.6663      103.3741      20-05-06

Alfalah GHP Value Fund            Alfalah GHP Inv. Mang.          Asset Allocat.         57.98         56.57      19-05-06

Askari Income Fund                Askari Inv Mang Ltd             Income - Class B      105.31        103.91      20-05-06

                                  Askari Inv Mang Ltd             Income - Class C      103.91        102.51      20-05-06

AKD Opportunity Fund              AKD Investments                 Equity                 48.85         47.35      19-05-06

Atlas Income Fund                 Atlas Asset Mang.               Income                561.04        550.04      20-05-06

Atlas Stock Mkt. Fund             Atlas Asset Mang.               Equity                724.35        710.15      20-05-06

Crosby Dragon Fund                Crosby Asset Mang.              Equity                128.10        125.55      22-05-06

Dawood Money Mkt. Fund            Dawood Capital Mang.            Income              111.2201      110.1189      22-05-06

Faysal Bal. Growth Fund           Faysal Asset Mang.              Balanced              117.24        114.66      19-05-06

Faysal Income & Growth Fund       Faysal Asset Mang.              Income                106.56        105.50      19-05-06

KASB Liquid Fund                  KASB Funds Ltd                  Money Market          100.29        100.29      20-05-06

KASB Liquid Fund

 (with contingent back-end load)  KASB Funds Ltd                  Money Market          100.29         99.78      20-05-06

National Investment Trust         National Inv.  Trust            Equity                 53.65         51.80      19-05-06

NAFA Cash Fund                    National Fullerton Asset Mang   -                      10.08         10.08      19-05-06

Meezan Islamic Fund               Al Meezan Investments           Islamic Equity         83.47         81.59      19-05-06

MSF - Perpetual                   Arif Habib Investments          Income                 47.57         47.52      19-05-06

MSF - 12/07                       Arif Habib Investments          Income                 50.42         50.37      19-05-06

MSF - 12/12                       Arif Habib Investments          Income                 56.02         55.96      19-05-06

Pakistan Income Fund              Arif Habib Investments          Income                 55.25         54.50      20-05-06

Pak Int''l Islamic Fund - A        Arif Habib Investments          Islamic                50.48         49.22      19-05-06

Pakistan Stock Market             Arif Habib Investments          Equity                124.77        121.65      19-05-06

Pakistan Cap Market Fund          Arif Habib Investments          Equity                 15.69         15.30      19-05-06

United Growth & Income Fund       UBL Fund Managers Ltd           Income              110.3272      108.6967      20-05-06

                                                                  Growth              108.6967      105.4358      20-05-06

United Money Mkt. Fund            UBL Fund Managers Ltd             Class ''A''         109.0818      109.0818      20-05-06

                                                                   Class ''C''          109.0818      107.9910      20-05-06

Unit Trust of Pakistan            ABAMCO                          Balanced           10,341.91     10,040.71      19-05-06

UTP Income Fund                   ABAMCO                          Income                572.27        561.04      19-05-06

UTP Islamic Fund                  ABAMCO                          Islamic Equity        881.64        855.95      19-05-06

UTP - Agg. Asset Alloc.           ABAMCO                          Equity                 97.16         94.32      19-05-06

UTP - Fund of Funds.              ABAMCO                          Equity                 59.27         58.10      19-05-06

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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                 40.73                    19-05-06

ABAMCO Comp. Fund                 ABAMCO                          Equity                11.36*                    19-05-06

ABAMCO S.M. Fund                  ABAMCO                          Equity                 22.15                    19-05-06

ABAMCO Capital Fund               ABAMCO                          Equity                 20.13                    19-05-06

AKD Index Tracker Fund            AKD Investments                 Equity                 11.69                    19-05-06

Al Meezan M. Fund                 Al Meezan Investments           Equity                 18.30                    19-05-06

Asian Stocks Fund                 Asian Cap. Mang.                Equity                     -                           -

Atlas Fund of Funds               Atlas Asset Mang.               Equity                 12.40                    19-05-06

BSJS Balanced Fund                ABAMCO                          Balanced               15.68                    19-05-06

First Dawood M. Fund              Dawood Capital Mang.            Equity                 12.96                    18-05-06

First Cap. M. Fund.               First Capital Inv. Ltd          Equity               12.77**                    19-05-06

Golden Arrow Stock Fund           AKD Investments                 Equity              08.55***                    19-05-06

Meezan Balanced Fund              Al Meezan Investments           Islamic Balanced       13.10                    19-05-06

Pakistan Premier Fund             Arif Habib Investments          Equity                 18.53                    18-05-06

Pakistan S.A. Fund                Arif Habib Investments          Equity                 14.03                    18-05-06

PICIC Growth Fund                 PICIC Asset Mang.               Equity              47.51***                    18-05-06

PICIC Investment Fund             PICIC Asset Mang.               Equity                 22.31                    18-05-06

PICIC Energy Fund                 PICIC Asset Mang.               Equity                 10.25                    18-05-06

Prudential Stock Fund             Prudential Fund Mang.           Equity                     -                           -

Safeway Mutual Fund               Safeway Mang.                   Equity                     -                           -

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