Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Monday (January 15, 2007).

==========================================================================================================================

Names                              Asset Manager                   Category                Offer     Repurchase   Validity

of Fund                                                                                    Price        Price      (Dates)

==========================================================================================================================

AMZ Plus Income Fund               AMZ Asset Mang.                 Income                 108.0141    106.6806    12-01-07

AMZ Plus Stock Fund                AMZ Asset Mang.                 Equity                   103.18      100.17    12-01-07

Alfalah GHP Value Fund             Alfalah GHP Inv. Mang.          Asset Allocation          54.87       53.53    12-01-07

Askari Income Fund                 Askari Inv Mang Ltd             Income                   106.65      106.65    13-01-07

AKD Opportunity Fund               AKD Investments                 Equity                    50.35       48.85    12-01-07

Atlas Income Fund                  Atlas Asset Mang.               Income                   536.66      526.14    15-01-07

Atlas Stock Mkt. Fund              Atlas Asset Mang.               Equity                   580.43      569.05    12-01-07

Crosby Dragon Fund                 Crosby Asset Mang.              Equity                    96.60       94.65    15-01-07

Dawood Money Mkt. Fund             Dawood Capital Mang.            Income                                     Not Provided

Faysal Bal. Growth Fund            Faysal Asset Mang.              Balanced                                   Not Provided

Faysal Income & Growth Fund        Faysal Asset Mang.              Income                                     Not Provided

KASB Liquid Fund                   KASB Funds Ltd                  Money Market             105.77      105.77    15-01-07

KASB Liquid Fund                   KASB Funds Ltd                  Money Market             105.77      105.24    15-01-07

(with contingent back-end load)

National Investment Trust          National Inv.  Trust            Equity                                     Not Provided

NAFA Cash Fund                     National Fullerton Asset Mang   Income                                     Not Provided

Meezan Islamic Fund                Al Meezan Investments           Islamic Equity            61.93       60.54    12-01-07

MSF - Perpetual                    Arif Habib Investments          Debt                      47.02       46.97    13-01-07

MSF - 12/07                        Arif Habib Investments          Debt                      52.39       52.34    13-01-07

MSF - 12/12                        Arif Habib Investments          Debt                      53.51       53.46    13-01-07

Pakistan Income Fund               Arif Habib Investments          Income                    53.64       52.92    13-01-07

Pakistan Int'',1 Islamic Fund-A     Arif Habib Investments          Islamic Asset Allocation  49.52       48.28    12-01-07

Pakistan Stock Market Fund         Arif Habib Investments          Equity                    86.47       84.31    12-01-07

Pakistan Cap Market Fund           Arif Habib Investments          Asset Allocation          11.95       11.65    12-01-07

Reliance Income Fund               Noman Abid Invest. Mang         Income                  52.0187     51.2499    12-01-07

United Growth & Inc Fund-Income    UBL Fund Managers Ltd           Income                 108.0566    106.4597    13-01-07

United Growth & Inc Fund-Growth                                    Growth                 106.4597    103.2659    13-01-07

United Money Mkt. Fund-class A     UBL Fund Managers Ltd           Class ''A''              105.5474    105.5474    13-01-07

  United Money Mkt. Fund-class C                                   Class ''C''              105.5474    104.4919    13-01-07

United Stock Advantage Fund        UBL Fund Managers Ltd           Class ''A''                100.98       98.51    14-01-07

United Composite Islamic Fund      UBL Fund Managers Ltd           Islamic Equity           103.68      101.15    12-01-07

Unit Trust of Pakistan             JS ABAMCO Limited               Balanced               7,777.72    7,551.17    12-01-07

UTP - Income Fund                  JS ABAMCO Limited               Income                   544.95      534.26    12-01-07

UTP - Islamic Fund                 JS ABAMCO Limited               Islamic Equity           615.33      597.40    12-01-07

UTP - Agg. Asset Allocation        JS ABAMCO Limited               Equity                    56.98       55.32    12-01-07

UTP - Fund of funds                JS ABAMCO Limited               Equity                    51.40       50.38    12-01-07

UTP - A 30+ Fund                   JS ABAMCO Limited               Equity                    54.30       53.23    12-01-07

==========================================================================================================================

CLOSED-END FUND NAVs:

==========================================================================================================================

Names of Fund                      Investment Advisor            Category                    NAVs         Validity (Dates)

==========================================================================================================================

UTP- Large Cap Fund *              JS ABAMCO                       Equity                    10.84                12-01-07

AKD Index Tracker Fund             AKD Investments                 Equity                    10.93                12-01-07

Al Meezan M. Fund                  Al Meezan Investments           Equity                    14.59                12-01-07

Asian Stocks Fund                  Asian Cap. Mang.                Equity                                     Not Provided

Atlas Fund of Funds                Atlas Asset Mang.               Equity                    10.64                12-01-07

BSJS Balanced Fund                 JS ABAMCO                       Balanced                  15.54                12-01-07

First Dawood M. Fund               Dawood Capital Mang.            Equity                                     Not Provided

First Cap. M. Fund.                First Capital Inv. Ltd          Equity                                     Not Provided

Golden Arrow Stock Fund**          AKD Investments                 Equity                     7.92                12-01-07

Meezan Balanced Fund               Al Meezan Investments           Islamic Balanced          11.20                12-01-07

Pakistan Premier Fund              Arif Habib Investments          Equity                    15.13                12-01-07

Pakistan S.A. Fund                 Arif Habib Investments          Asset Allocation          10.97                12-01-07

PICIC Growth Fund                  PICIC Asset Mang.               Equity                                     Not Provided

PICIC Investment Fund              PICIC Asset Mang.               Equity                                     Not Provided

PICIC Energy Fund                  PICIC Asset Mang.               Equity                                     Not Provided

Prudential Stock Fund              Prudential Fund Mang.           Equity                                     Not Provided

Safeway Mutual Fund                Safeway Mang.                   Equity                                     Not Provided

UTP Growth Fund                    JS ABAMCO                       Equity                    17.96                12-01-07

==========================================================================================================================