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PACRA Assigns Star Ranking to NBP Islamic Stock Fund 5-Year

Lahore, August 16, 2023 (PPI-OT): During 5-year the overall market declined due to numerous economic challenges, delays in the resumption of the IMF programmed, a growing fiscal deficit, soaring inflation, and increase in the policy rate. PACRA ranked funds comprise of three funds among the universe of twenty-one funds. The category average showed a negative return of -22.9%. While top performing fund in 5-Year of the category showed a return of ~3.8%. NBP Islamic Stock Fund ranked 3 Star. Total return of NBP Islamic Stock Fund in 5-year is -7.7%. The year 2020 was a year of severe distress due to Covid which impacted the stock market significantly with negative returns of -0.4%.

Resultantly, the year also impacted the Fund's return which is also evident from 3-Years cumulative returns. In the end Jun'23, Fund's generate income by investing ~94.9% in Equities whereas ~3.4% in cash. Sector wise Fund invested ~32% in Oil and Gas Exploration Companies, ~15.5% in Cement, ~8.4% in Fertilizers. Whereas ~6.7% in Commercial Banks, ~8.3% in Technology and Communication and ~24% in others at the end Jun'23.

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

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