Financial results of AKD Index Tracker Fund for quarter ended September 30, 2016

Karachi, AKD Index Tracker Fund informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on October 22, 2016.

The agenda of the meeting was discussion of profit and loss account for quarter ended September 30, 2016 which portrayed a profit of Rs. 4,036.

Further, nil payment of cash dividend, bonus shares and right shares was agreed.

The objective of the AKD Index Tracker Fund (AKDITF) is to track the returns of the KSE-100 Index with up to 85% accuracy, providing investors with a high quality, in depth diversification instrument.

AKD Investment Management Limited serves investors in Pakistan’s capital markets with diligence, integrity and professionalism, thereby delivering consistent superior returns and unparalleled customer service.

AKD Investment Management Limited (AKDIML) is the investment management firm under umbrella of AKD Group. AKD Investment was established in September 2004.[1] The firm focuses on investment management, managing mutual funds and discretionary management of institutional portfolios.

The symbol “OEFAKDITF” is being used by the stock exchange for AKD Index Tracker Fund.