⚡ Flash Summary

The Meezan Pakistan Exchange Traded Fund (MP-ETF) reported net assets of Rs. 0.74 billion as of October 31, 2025. The fund’s NAV experienced a decrease of 7.79% during the month. MP-ETF aims to replicate the performance of the Meezan Pakistan Index, focusing on Shariah-compliant equities with high market capitalization and traded value. The fund’s investment policy centers around selecting liquid stocks aligned with the KMI-30 index. The top equity holdings include The Hub Power Company Limited (17.91%) and Lucky Cement Limited (15.91%).

📌 Key Takeaways

• 💰 Net assets stood at Rs. 0.74 billion as of October 31, 2025.
• 📉 NAV decreased by 7.79% during October 2025.
• 🎯 Aims to track Meezan Pakistan Index.
• ✅ Shariah-compliant Exchange Traded Fund.
• 🏢 Managed by Al Meezan Investments.
• 📊 Focuses on equities with high market capitalization and traded value.
• 📜 Follows KMI-30 index for stock selection.
• 🥇 Top holding: The Hub Power Company Limited (17.91%).
• 🥈 Second holding: Lucky Cement Limited (15.91%).
• ⚡️ Power Generation & Distribution sector: 17.91% allocation.
• 🛢️ Oil & Gas Exploration: 22.40% allocation.
• 🏦 Investment Banks/Cos/Securities Cos.: 13.97% allocation.
• 🧱 Cement sector: 24.73% allocation.
• ⚠️ Expense Ratio: 2.34% MTD and 1.51% YTD.

🎯 Investment Thesis

Given the recent NAV decrease and the fund’s tracking difference, a HOLD recommendation is appropriate. The fund’s performance should be closely monitored, with a focus on improving its tracking accuracy and managing expenses. A price target cannot be accurately assessed without further information. Time horizon: Medium Term.