September 15, 2011   Stock Exchange

The Karachi Stock Exchange (Guarantee) Limited’s list of open end funds acceptable as collateral for all markets

Karachi: All Members are hereby informed that Askari Sovereign Cash Fund has completed all eligibility requirements of the acceptance as collateral, therefore the same would be acceptable as collateral against margins requirements with immediate effect.

The updated list of Open End Funds acceptable as collateral is given below for your reference.

 

Sr. No.Fund NameAsset Management CompanyCategoryFront-end LoadBack-end  Load
1.Askari Sovereign Cash FundAskari Investment Management LimitedMoney Market0%0%
2.JS Cash FundJS investment LimitedMoney Market1%0%
3.MCB Cash Management Optimizer FundMCB-Arif Habib Savings and Investments LimitedMoney Market0%0%
4.Meezan Cash FundAl Meezan Investment Management LimitedIslamic Money Market0%0.1%
5.Pakistan Cash ManagementMCB-Arif Habib Savings and Investments LimitedMoney Market0%0.1%

 

For more information, contact:
Karachi Stock Exchange
Tel: (92-21) 111-001122
Fax: (92-21) 3241 0825, (92-21) 3241 5136
Email: info@kse.com.pk
Web: www.kse.com.pk