ABL expands its money market offerings with two new PSX-listed funds
MG News | June 04, 2024 at 12:13 PM GMT+05:00
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.
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