Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Wednesday (November 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                 106.1825    104.8716     20-11-06

AMZ Plus Stock Fund               AMZ Asset Mang.                 Equity                   104.24      101.20     16-11-06

Alfalah GHP Value Fund            Alfalah GHP Inv. Mang.          Asset Allocat.            58.55       57.12     20-11-06

Askari Income Fund Class B        Askari Inv Mang Ltd             Income - Class B         105.03      105.90     20-11-06

Askari Income Fund Class C        Askari Inv Mang Ltd             Income - Class C         105.03      105.03     20-11-06

AKD Opportunity Fund              AKD Investments                 Equity                    50.95       49.40     20-11-06

Atlas Income Fund                 Atlas Asset Mang.               Income                   530.12      519.73     21-11-06

Atlas Stock Mkt. Fund             Atlas Asset Mang.               Equity                   578.04      566.71     20-11-06

Crosby Dragon Fund                Crosby Asset Mang.              Equity                    96.90       94.95     21-11-06

Dawood Money Mkt. Fund            Dawood Capital Mang.            Income                 105.1211    104.0803     21-11-06

Faysal Bal. Growth Fund           Faysal Asset Mang.              Balanced                 104.76      102.45     20-11-06

Faysal Income & Growth Fund       Faysal Asset Mang.              Income                   106.07      105.01     20-11-06

KASB Liquid Fund                  KASB Funds Ltd                  Money Market             104.08      104.08     21-11-06

KASB Liquid Fund

 (with contingent back-end load)  KASB Funds Ltd                  Money Market             104.08      103.55     21-11-06

National Investment Trust         National Inv.  Trust            Equity                    48.05       46.40     21-11-06

NAFA Cash Fund                    National Fullerton Asset Mang   Income                  10.3917     10.3917     17-11-06

Meezan Islamic Fund               Al Meezan Investments           Islamic Equity            61.64       60.25     20-11-06

MSF - Perpetual                   Arif Habib Investments          Income                    46.41       46.36     18-11-06

MSF - 12/07                       Arif Habib Investments          Income                    51.73       51.68     18-11-06

MSF - 12/12                       Arif Habib Investments          Income                    52.75       52.70     18-11-06

Pakistan Income Fund              Arif Habib Investments          Income                    52.80       52.09     20-11-06

Pak Int',l Islamic Fund - A       Arif Habib Investments          Islamic                   49.27       48.04     17-11-06

Pakistan Stock Market Fund        Arif Habib Investments          Equity                    87.35       85.17     17-11-06

Pakistan Cap Market Fund          Arif Habib Investments          Equity                    11.90       11.60     17-11-06

Reliance Income Fund              Noman Abid Invest. Mang         Income                  51.2707     50.5130     20-11-06

United Growth & Inc Fund-Income

United Growth & Inc Fund-Growth   UBL Fund Managers Ltd           Income                 106.2897    104.7189     21-11-06

                                                                  Growth                 104.7189    101.5773     21-11-06

United Money Mkt. Fund-class A    UBL Fund Managers Ltd           Class 'A'              103.9152    103.9152     21-11-06

United Money Mkt. Fund-class C                                    Class 'C'             103. 9152    102.8760     21-11-06

United Stock Advantage Fund       UBL Fund Managers Ltd           Class 'A'                101.64       99.16     20-11-06

Unit Trust of Pakistan            JS ABAMCO Limited               Balanced               7,765.47    7,539.28     20-11-06

UTP - Income Fund                 JS ABAMCO Limited               Income                   537.23      526.69     20-11-06

UTP - Islamic Fund                JS ABAMCO Limited               Islamic Equity           608.34      590.61     20-11-06

UTP - Agg. Asset Alloc.           JS ABAMCO Limited               Equity                    56.50       54.84     20-11-06

UTP - Fund of funds               JS ABAMCO Limited               Equity                    51.79       50.76     20-11-06

UTP - A 30+ Fund                  JS ABAMCO Limited               Equity                    54.07       53.00     20-11-06

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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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UTP- Large Cap Fund *             JS ABAMCO                       Equity                    10.71                 20-11-06

AKD Index Tracker Fund**          AKD Investments                 Equity                  11.14**                 17-11-06

Al Meezan M. Fund                 Al Meezan Investments           Equity                    14.55                 20-11-06

Asian Stocks Fund                 Asian Cap. Mang.                Equity                        -                        -

Atlas Fund of Funds               Atlas Asset Mang.               Equity                    10.72                 20-11-06

BSJS Balanced Fund                JS ABAMCO                       Balanced                  15.46                 20-11-06

First Dawood M. Fund              Dawood Capital Mang.            Equity                    10.47                 14-11-06

First Cap. M. Fund.**             First Capital Inv. Ltd          Equity                  10.11**                 21-11-06

Golden Arrow Stock Fund**         AKD Investments                 Equity                   8.00**                 17-11-06

Meezan Balanced Fund              Al Meezan Investments           Islamic Balanced          11.14                 20-11-06

Pakistan Premier Fund             Arif Habib Investments          Equity                    15.21                 17-11-06

Pakistan S.A. Fund                Arif Habib Investments          Equity                    11.04                 17-11-06

PICIC Growth Fund                 PICIC Asset Mang.               Equity                    41.53                 20-11-06

PICIC Investment Fund             PICIC Asset Mang.               Equity                    18.74                 20-11-06

PICIC Energy Fund                 PICIC Asset Mang.               Equity                    10.43                 20-11-06

Prudential Stock Fund             Prudential Fund Mang.           Equity                        -                        -

Safeway Mutual Fund               Safeway Mang.                   Equity                        -                        -

UTP Growth Fund                   JS ABAMCO                       Equity                    17.75                 20-11-06

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