Financial results of Faysal Savings Growth Fund for period ended March 31, 2016
Karachi, Faysal Savings Growth Fund informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on April 22, 2016.
The agenda of the meeting was discussion of profit and loss account for nine months period and quarter ended March 31, 2016 which portrayed a profit of Rs. 10,603,615 and Rs. 2,578,564 respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Faysal Savings Growth Fund (FSGF), an open-ended mutual fund, seeks maximum preservation of capital and a reasonable rate of return via investing primarily in money market and debt securities having good credit rating and liquidity.
The symbol “OEFFFSOF” is being used by the stock exchange for the shares of Faysal Savings Growth Fund.