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

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

Add Mettisglobal as a Trusted Source on Google

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

Weekly Market Roundup

K-Electric reaffirms ‘AA/A1+’ ratings with stable outlook

Pakistan's Hybrid Sukuk goes live at PSX

Name	Price/Vol	%Chg/NChg
KSE100	165,596.07 264.75M	-0.54% -902.76
ALLSHR	100,017.71 623.24M	-0.46% -463.69
KSE30	49,464.92 86.97M	-0.60% -299.08
KMI30	238,952.40 97.00M	-0.58% -1388.16
KMIALLSHR	65,314.16 323.73M	-0.44% -285.47
BKTi	44,788.98 46.84M	-0.77% -347.65
OGTi	35,107.09 7.04M	-0.41% -145.22

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	77,100.00	78,495.00 76,735.00	-2110.00 -2.66%
BRENT CRUDE	111.33	112.00 109.62	2.07 1.89%
RICHARDS BAY COAL MONTHLY	110.00	0.00 0.00	-7.25 -6.18%
ROTTERDAM COAL MONTHLY	109.00	0.00 0.00	-0.20 -0.18%
USD RBD PALM OLEIN	1,191.50	1,191.50 1,191.50	0.00 0.00%
CRUDE OIL - WTI	103.32	104.37 101.57	2.30 2.28%
SUGAR #11 WORLD	14.78	0.00 0.00	-0.02 -0.14%