KARACHI: Arif Habib Investments (AHI) has announced financial results for its five open-end funds. The announcement was made following its board meeting.

It declared a bonus distribution of Rs17 per unit (20.22 per cent on opening NAV and 34 per cent of face value for fiscal year 2008) for its flagship equity fund, Pakistan Stock Market Fund (PSM Fund).

“At the conclusion of its sixth full year in operation, the fund (PSM) has managed to provide relatively stable returns to its unit holders despite the turmoil in Karachi Stock Exchange (KSE) and the country’s challenging economic conditions,” said an AHI press statement.

An investor holding 100 units as of June 30 would receive 26.34 additional units at ex-bonus Net Asset Value (NAV) based price of Rs64.55 per unit, the statement added.

AHI announced a final bonus of Rs1.45 for Pakistan Income Fund (PIF) holders for the year ended on June 30. The fund-holders will receive 2.90 additional units per 100 units. This is in addition to an interim dividend of Rs3.30 per unit announced in March.

It announced Rs0.30 bonus per unit for Pakistan Capital Market Fund (PCM). Investors holding 100 units of PCM will receive 2.84 additional units.

Unit holders of Pakistan Capital Market Fund (PIIF) and Pakistan Cash Management Fund (PCF) will receive a bonus of Rs1.75 per unit and Rs0.50 per unit respectively. Hundred unit-holders of PIIF and PCF will be entitled to additional 3.49 units and one unit accordingly.