Meetings of the Boards of Directors of Al Meezan Mutual Fund Limited (AMMF) and Al Meezan Investment Management, Investment Advisor of Meezan Islamic Fund (MIF), Meezan Balanced Fund (MBF), Meezan Islamic Income Fund (MIIF), Meezan Cash Fund (MCF), Meezan Sovereign Income Fund (MSF) and Meezan Capital Protected Fund (MCPF-I) were held to approve financial results for the nine months ended March 31, 2011. Al Meezan Mutual Fund Limited (AMMF), a closed end equity fund, reported a net income of Rs 240 million and earnings per share of Rs 1.75. Net assets of the fund, as at March 31, 2011, stood at Rs 1,658 million. AMMF was the best performing closed end fund in Pakistan during this period.
