March 1, 2019 (MLN): Resonating the scanty performance of KSE Meezan Index (KMI 30), all the 17 Shariah Compliant equity funds have suffered declines in their Net Asset Values (NAV), during the month of February.
The smallest blow of the index’s poor performance was experienced by JS Islamic funds (JSISF) as it recorded a 2.73% falloff in NAV which currently stands at Rs.98.4, down by Rs.2.76 compared to the beginning of February.
KMI-30 index has lost 2,757 points within the duration of the past month, marking a decline of 4.04%.
Positioned right behind JSISF with a dash of higher decline in NAV, that of 2.76%, is Al Ameen Shariah Stock Fund with its current NAV at Rs.130.33. down by Rs.3.7, over the month.
Moving ahead, placed in the following order are ABL Islamic Stock Fund (3.19%), Alfalah GHP Islamis Stock Fund (-3.47%), Atlas Islamic Stock Fund (-3.49%) and NIT Islamic Equity Fund (3.49%).
Moving further, AKD Islamic Stock Fund experienced the largest fall among all, that of 7.19%, with it current NAV at Rs.41.94.
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