CCP approves Al Falah’s acquisition of Faisal Asset Management funds

News Image

MG News | August 23, 2024 at 05:52 PM GMT+05:00

0:00

August 23, 2024 (MLN): The Competition Commission of Pakistan (CCP) has granted approval to Al Falah Asset Management to acquire the funds of Faisal Asset Management.

The approval was granted following the agreement on the transfer of management between the two companies.

Under the agreement, Al Falah will acquire management rights for some of Faisal Asset Management's funds. 

The acquisition of certain funds from Faisal Asset Management will not result in Al Falah Asset Management gaining a monopoly in the market, CCP affirmed.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 139,390.42
291.21M
0.71%
978.17
ALLSHR 86,260.96
576.29M
0.65%
558.00
KSE30 42,618.60
119.41M
0.86%
363.76
KMI30 196,907.86
123.77M
1.44%
2798.27
KMIALLSHR 57,276.87
259.26M
0.99%
563.20
BKTi 37,820.27
20.77M
-0.03%
-11.06
OGTi 28,214.64
47.07M
2.82%
774.00
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 118,765.00 119,785.00
117,905.00
1145.00
0.97%
BRENT CRUDE 71.42 72.82
71.38
-1.05
-1.45%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
2.20
2.33%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.50
-0.30
-0.29%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 68.98 70.41
68.93
-1.02
-1.46%
SUGAR #11 WORLD 16.38 16.61
16.28
-0.07
-0.43%

Chart of the Day


Latest News
July 31, 2025 at 05:47 PM GMT+05:00

Public grievance system introduced at EDB


July 31, 2025 at 05:18 PM GMT+05:00

PKR rises by 8 paisa against USD


July 31, 2025 at 04:57 PM GMT+05:00

Gold takes a Rs2,000 per tola hit


July 31, 2025 at 04:48 PM GMT+05:00

United Insurance resumes Guarantee Business operations



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg