⚡ Flash Summary

UBL Funds has released its quarterly report for the period ended September 30, 2025, outlining the performance of various funds under its management. The report highlights key economic trends and provides a market review, with specific emphasis on fund performance and asset allocation. Key sectors driving market rally were banking, cements, and fertilizer.

📌 Key Takeaways

• 1. KSE-100 index reached an all-time high of 165,493 points, a 32% increase for the quarter.
• 2. Foreigners and banks continued to sell local equities, offloading shares amounting to USD 126 and USD 150 mn respectively
• 3. Total participation in T-bill auctions surged to PKR 9.37 trillion
• 4. UBL liquidity fund Launch Date: September 05, 2025
• 5. UBL Fund Managers Limited Management Quality Rating AM1 by VIS Credit Rating Company
• 6. Al-Ameen Islamic Sovereign Fund (AISF) yielded a return of 10.58% p.a.
• 7. Al-Ameen Islamic Aggressive Income Fund (AIAIF) posted a return of 10.63% p.a.
• 8. Al-Ameen Islamic Cash Fund (AICF) posted an annualized return of 9.63%.
• 9. Al-Ameen Islamic Asset Allocation Fund (AIAAF) posted a return of 12.33%
• 10. Al-Ameen Islamic Energy Fund (AIEF) posted a return of 26.43%
• 11. The Fund earned total income of PKR 1,114.982 million for the year ended September 30, 2025
• 12. Al-Ameen Islamic Income Fund (AIIF) posted a return of 8.48% during 3MFY26.
• 13. The Fund’s Net Assets stood at PKR 1,102 million at the end of the period and the Fund was invested in Cash (56%) and GOP Ijarah Sukuk (37%).
• 14. Al Ameen Islamic Fixed Return Plan – I (M) fund posted a return of 9.54% during 3MFY26.
• 15.

🎯 Investment Thesis

Based on the UBL Funds quarterly review, a HOLD recommendation seems suitable due to the balanced overview of fund performance and market conditions. This recommendation is tempered with a cautious view due to macroeconomic uncertainties, as well as regulatory and market risk. No specific price target or time horizon is mentioned.