KARACHI – The net assets of JS Growth Fund (JSJF) have mounted to over Rs 3.382 billion after the Fund repurchased over 0.8 million of its own certificates during last week. JSJF, having so far made aggregate purchases of some 22,753,801 certificates at over Rs 120.226 million, repurchased some 809,246 certificates of its own last week during January 10 to 14.The new acquisition has taken total assets of the JSJF to over Rs 3.382 billion against Rs 3.333 billion on January 13, the Fund notified the KSE Tuesday.
The JSJF made three repurchases with price of a certificate ranging between Rs 5.62 and Rs 5.72. The maximum number of certificates authorised to be repurchased stand at 57,504,463. The investment organisations may repurchase their own certificates under Circular No 14 issued by the Securities and Exchange Commission of Pakistan in 2009.
