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Tuesday, April 24th, 2018

Financial results of NI (U) T Fund for quarter ended September 30, 2016

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by November 17, 2016 General

Karachi, NI (U) T Fund informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on September 30, 2016.

The agenda of the meeting was discussion of National Investment (UNIT) Trust profit and loss account for quarter ended September 30, 2016 which portrayed a profit of Rs. 2,247,774, NIT Islamic Equity Fund profit and loss account for quarter ended September 30, 2016 which portrayed a profit of Rs. 20,841, NIT – Government Bond Fund profit and loss account for quarter ended September 30, 2016 which portrayed a profit of Rs. 48,701 and NIT – Income Fund profit and loss account for quarter ended September 30, 2016 which portrayed a profit of Rs. 53,489.

Further, nil payment of cash dividend, bonus shares and right shares was agreed.

The National Investment Trust Limited is the first Asset Management Company of Pakistan, formed in 1962, have Funds under management of approximately Rs. 90 billion, with around 54,679 unit holders as on April 29, 2016. NIT’s distribution network comprises of 23 Branches, Sarmayakari Markaz at Abbottabad, Investor Facilitation Centre at Karachi & various Authorized Bank Branches all over Pakistan.

NITL, in its efforts to provide a wide range of services to cater to the needs of different classes of investors, has launched “NIT Income Fund” in the Fixed Income Category. It is also an open end Income Fund. As on April 29, 2016 NIT IF had funds under management of around Rs. 4.21 billion and had approximately 1,481 unit holders. The symbol “OEFNITIF” is being used by the stock exchange for NIT Income Fund.

The symbol “OEFNITIF” is being used by the stock exchange for NIT Income Fund.

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