ABL expands its money market offerings with two new PSX-listed funds

MG News | June 04, 2024 at 12:13 PM GMT+05:00

0:00

June 04, 2024 (MLN): Pakistan Stock Exchange Limited (PSX) has approved the formal listing and quotation of the units of ABL Money Market Fund and ABL Islamic Money Market Fund effective from Wednesday, June 05, 2024.

PSX announced the listing of these Open-End Mutual Funds today.

Money market funds are intended to offer investors high liquidity with a very low level of risk.

Being one of the largest banks in Pakistan, Allied Bank Limited (ABL) facilitates tens and thousands of clients every day for their various transactional needs, the bank says.

The bank's money market team is an active player in the Government Securities market.

Copyright Mettis Link News

Related News

Pak-Qatar Family Takaful set to raise Rs1.1bn through IPO on 11th December

BlueEx becomes first GEM firm to join PSX ready board

FFC wins best MAP corporate excellence award in fertilizer sector

Name	Price/Vol	%Chg/NChg
KSE100	167,085.58 225.68M	0.48% 802.03
ALLSHR	101,220.72 685.91M	0.47% 477.65
KSE30	50,772.02 134.57M	0.57% 290.16
KMI30	239,923.35 145.03M	0.77% 1831.31
KMIALLSHR	66,042.80 345.76M	0.65% 425.34
BKTi	45,106.39 29.18M	0.06% 24.91
OGTi	33,583.05 26.44M	1.52% 502.39

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	89,595.00	92,995.00 88,405.00	-3245.00 -3.50%
BRENT CRUDE	63.80	64.09 63.06	0.54 0.85%
RICHARDS BAY COAL MONTHLY	91.00	0.00 0.00	0.10 0.11%
ROTTERDAM COAL MONTHLY	97.25	97.25 97.25	0.05 0.05%
USD RBD PALM OLEIN	1,016.00	1,016.00 1,016.00	0.00 0.00%
CRUDE OIL - WTI	60.15	60.50 59.42	0.48 0.80%
SUGAR #11 WORLD	14.82	15.02 14.73	-0.06 -0.40%