Karachi, National Investment Unit Trust informed Pakistan Stock Exchange that Board of Directors meeting of the Company will be held on April 24, 2018 at Karachi. The agenda of the meeting will to consider the Quarterly Accounts for the period ended March 31, 2018.
Further, the company has declared the closed period from April 18, 2018 to April 24, 2018.
“National Investment Unit Trust (NIUT) is the Pakistan’s largest and oldest Mutual Fund. The portfolio of NIUT Fund carries an investment of around Rs. 63.581 Billion invested in over 389 listed companies as on March 31, 2016. The Fund belongs to around 48,376 unit holders.
The National Investment Trust Limited (NITL) is the first Asset Management Company of Pakistan, formed in 1962 had Funds under management of approximately Rs. 88 billion, with around 54,864 unit holders as on March 31, 2016. NIT’s distribution network comprises of 23 Branches, SarmayakariMarkaz at Abbottabad, Investor Facilitation Centre at Karachi & various Authorized Bank Branches all over Pakistan.
Recently, Central Depository Company of Pakistan Limited (CDCPL) has been appointed as the new Trustee of NIUT Fund with the approval of Regulatory Authority. The symbol “NIUT” is being used by the stock exchange for National Investment Unit Trust.”