Lahore, August 16, 2023 (PPI-OT): During 3-year the overall market declined due to numerous economic challenges, delays in the resumption of the IMF program, a growing fiscal deficit, soaring inflation, and increase in the policy rate. PACRA ranked funds comprise of four funds among the universe of twenty-eight funds. The category average showed a positive return of 6.77%. While top performing fund in the category showed a return of ~54.7%. Faysal Stock Fund ranked 4 Star.

Total return of Faysal Stock Fund in 3-year is 16.49% which performed significantly well from stock market return of 20.43%. In the end Jun’23, Fund’s generate income by investing ~75.40% in equities and ~7.28% in cash. Sector wise Fund majority invested ~53.16% in Insurance, ~16.28% in Investment Banks/ Inv. Cos/ Securities Cos. and ~2.90% in others.

For more information, contact:

Analyst,

The Pakistan Credit Rating Agency Limited (PACRA)

Awami Complex, FB1, Usman Block New Garden Town,

Lahore, Pakistan

Tel: +92-42-5869504-6

Fax: +92-42-5830425

Email: hammad.rashid@pacra.com

Website: www.pacra.com

The post PACRA Assigns Star Ranking to Faysal Stock Fund 3-Year appeared first on Pakistan Business News.