Financial results of Faysal Money Market Fund for period ended March 31, 2016
Karachi, Faysal Money Market 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. 74,580,067 and Rs. 20,332,718 respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Faysal Money Market Fund, an open end mutual fund seeks to provide maximum possible preservation of capital and a reasonable rate of return via investing in money market securities having good credit quality rating and liquidity.
The symbol “OEFFMMF” is being used by the stock exchange for the shares of Faysal Money Market Fund.