Annual Report 2007

NATIONAL INVESTMENT (UNIT) TRUST
CONTENTS
Page
Board of Direct ors 2
Chairm an’s Revi ew 4
Report of the Trustee 7
Auditors ’ Report 8
Fi nancial Statements 9
Notes to the Financ ial Statements 13
Statement of Movement in Portf oli o 24

NATIONAL INVESTMENT TRUST LIMITED - (MANAGEMENT COMPANY)
BOARD OF DIRECTORS
TARIQ IQBAL KHAN

Chairman & Managing Director
Abdul Hamid Adamjee Naeem Iqbal

Adamjee Foundation Industrial Development
Bank Limited
Mian Tajammal Hussain Muhammad Iqbal Hussain

Industrialist Government of Pakistan
Syed Ali Raza Tariq Iqbal Khan

National Bank of Pakistan Industrial Development
Bank Limited (formerly ICP)
Mian Raza Mansha Mrs. Rukhsana Saleem

MCB Bank Ltd. Pakistan Reinsurance Co. Ltd.
2
NATIONAL INVESTMENT TRUST LIMITED - (MANAGEMENT COMPANY)
REGISTERED OFFICE
National Bank Building, 6th Floor,
I.I. Chundrigar Road, P.O. Box 5671, Karachi.
Phones: 021-2412056-59, 2412050
UAN: 111-648-648
Fax: 2417827, 2422719
TRUSTEE
National Bank of Pakistan
AUDITORS
ANJUM ASIM SHAHID RAHMAN
Chartered Accountants
3
CHAIRMAN’S REVIEW
During the year under review, Pakistan's upbeat economic momentum remains on track. Economic growth
accelerated to 7% in 2006-07 at the back of robust growth in agriculture, manufacturing and services sectors.
After showing a lacklustre performance during the first quarter, the market crossed the 11,000 point barrier
during October 2006. The KSE-100 index gained considerable momentum during the last quarter, moving
swiftly past 12,000 point mark and later crossing 13,000 mark, closing at all time high level of 13,772 points.
Your Fund has consistently been able to provide superior return to its unit holders where its Net Assets Value
increased from Rs.43.07 (Ex Dividend) as of 30 June 2006 to Rs.62.38 as of 30 June 2007, which reflects a
total return of 44.83% for the year ended 2006-07. Thus NIT has once again outperformed the benchmark
KSE-100 Index by 6.96%. In addition, the unit-holders were also entitled to receive an all-time high dividend
of Rs.6.20 per unit depicting a yield of 14.42%. The gross funds under management during the year crossed
the 100 billion mark registering all time high value of your Fund.
Financial Performance of NI(U)T
FY 2007 FY 2006
(Rs Million) (Rs Million) Change
Net Income * 19,812 9,236 114.5%
Capital Gains 16,818 6,805 147.1%
Dividend Income 3,082 3,457 (10.8)%
Unit holders' Funds 100,963 64,296 57.0%
NAV (Rs. per Unit) 62.38 43.07 44.8%
Earnings Per Unit (Rs.) 12.24 6.19 97.7%
Transactions in shares
Purchases 46,468 4,562 918.6%
Sales 57,488 11,674 392.4%
Gross Sales of Units (excl. CIP) 11,587 4,217 174.8%
* inclusive of capital gains and dividend income but excluding unrealized gains.
Profits & Dividends
The Net Income of the Fund (excluding unrealized gains) was the highest ever net income earned by the Fund
in its entire life. The Net Income depicted growth of 114.5% to Rs.19,812 million in FY 2007 against Rs.9,236
million earned during FY 2006. This translated into earning per unit of Rs.12.24 for the FY 2007 as compared
with the earning per unit of Rs.6.19 in FY 2006, surpassing last year's highest-ever per unit mark by 97.74%.
NIT has realized all-time high capital gains of Rs.16,818 million in FY 2007 as compared to 6,805 million
recorded last year, showing growth of 147% in capital gains. The capital gain realized by the Trust was mainly
attributable to the block sale of NIT's holding in Lakson Tobacco, PICIC, Prime Bank and the gains realized
through rightsizing of portfolios which contributed Rs.11,070 million.
It would not be out of place to mention that NIT has consistently been following a policy to support the market
through its operations. NIT also follows policy on consistent basis where all the sales and purchases are
delivery based and NIT does not sell its stocks in the falling market. This policy has enhanced the investors'
confidence. This policy has not only yielded good results for the Trust but also strengthened the overall capital
market. It is important to note that NIT has always been able to maintain a portfolio showing sizeable
unrealized gains so that any decline in the market due to extra ordinary volatility might not adversely effect its
dividend payout capacity.
Unit Sales
The high value of the units attracted redemptions to the tune of Rs.8,628 million during the year, but the
systems & procedures that have been strengthened at NIT during the last five years enabled it to meet all
such redemptions to the utmost satisfaction of its investors and that went a long way in further enhancing the
confidence of the unit-holders.
NIT continued to make concerted efforts for marketing its units and the growing investor confidence in NIT led
to sales aggregating to Rs.14,736 million (including sale of CIP units of Rs.3,149 million) at NAV based
values.
NIT has further revamped its marketing division to provide efficient and quality services to its customers.
4
Borrowings and Placements
Borrowing levels during the year remained high as compared to last year due to redemption pressure.
However, placements were also on high levels i.e. Rs.12,750 million as compared with Rs.1,975 million last
year. The weighted average borrowing rate for the year was 10.54% as compared to the weighted average
placement rate of 9.90%.
Portfolio
Details of your Fund's portfolio are part of the financial statements. The sector wise break up of portfolio is
given below:
Sectoral Analysis of NI(U)T’s Portfolio

As on 30 June 2007
AUTO & ALLIED

5% TEXTILE
4% FUEL & ENERGY
25%
CHEMICAL & PHARMA
13%
TRANSPORT & COMM.

1%
CABLE & ELECTRIC
GOODS
OTHERS 6%
13%
PAPER & BOARD FINANCIAL SERVICES

4% 29%
Top Ten Holdings of NI(U)T's Portfolio

As on 30 June 2007
S.No. Name Market Value % of Portfolio

(Rs. in mn.)
1. Pakistan State Oil Company Ltd 10,291 11.67

2. Fauji Fertilizer Company Ltd 5,267 5.97
3. Habib Metropolitan Bank Ltd 5,258 5.96
4. Soneri Bank Ltd 4,542 5.15
5. Bank Al-Habib Ltd 4,295 4.87
6. Siemens (Pakistan) Engineering Company Ltd 3,440 3.90
7. Packages Limited 2,548 2.89
8. National Refinery Limited 2,450 2.78
9. Sui Northern Gas Pipelines Limited 2,270 2.57
10. Askari Bank Limited 2,071 2.35
Total 42,432 48.11
5
Un-bundling of the Trust Fund
As of 1 April 2007 your Fund had been split into two Funds representing LOC and Non-LOC holders, and now
NITL, being the management company is managing two separate funds. A Letter of Comfort (LOC) was
issued by the Government of Pakistan in 2001 to four Commercial Banks. The LOC provided that the
Government of Pakistan would facilitate NIT for redemption of these units at Rs.13.70 provided those
institutions continued to hold these units for 5 years which expired in June and August 2006. These LOCs
have been revalidated upto December 2007.
The LOC holder's fund contains investment made by four Commercial Banks of Pakistan and Non-LOC
holders Fund comprises of general investors. Whilst un-bundling the Fund it has been ensured that qualitative
and quantitative equivalence is maintained and that the rights and entitlements of all unit holders, in particular
the small unit holders are not infringed upon.
Corporate Governance
The role that Corporate Governance has assumed over the years internationally with respect to establishing
best practices in the corporate sector has also been reflected in NIT's endeavours to strengthen the role of
non-executive directors in its investee companies. We have around 175 directorships in investee companies
covering all important sectors of the economy. A very healthy dividend income during the year indicates that
apart from other factors, effective monitoring and a positive contribution on the Boards by our nominee
directors have also created a conducive environment for enhanced profitability and healthier payouts by the
investee companies. During the year, our nominee directors have been sponsored for attending a number of
useful workshops/seminars on Corporate Governance issues.
Future Prospects
The recent Federal Budget has announced a wide range of exemptions and concessions to various
industries, while imposing few additional levies. The current growth trend is expected to continue in the
coming year, with the market expected to continue to benefit from the economic scenario.
We are strongly geared to meet any new challenge and with our business strategy and professional team,
complimented by our ability to grasp new opportunities we foresee another successful year for both the Trust
Funds and the Management Company
I see NIT continuing to play a dominating role in promoting a broad based participation in the country's equity
markets in the years to come. I remain optimistic that NIT will provide superior returns to its unit holders in
future as well.
Conclusion
I would like to thank our unit holders for successively reposing trust in us. I would like to record appreciation
for the hard work put in by NIT employees. I would also like to thank our Trustees, National Bank of Pakistan,
Securities & Exchange Commission of Pakistan, State Bank of Pakistan and the Ministry of Finance for their
continued cooperation and support.
Tariq Iqbal Khan

Chairman & Managing Director
National Investment Trust Limited
Date: 7 August 2007
6
REPORT OF THE TRUSTEE
National Investment Trust Limited (NITL), the Management Company of National
Investment (Unit) Trust, has in all material respects managed NI(U)T during the
period 01 July 2006 to 30 June 2007 in accordance with the provisions of the Trust
Deed dated 12 November 1962 and as amended by the Supplemental Trust Deed
dated 26 June 1968, 07 June 1981, 27 November 1998, 12 November 2002,
31 December 2003 and 18 January 2007.
Shakeel Ahmed Mrs. Khurshid Maqsood Ali

Assistant Vice President E.V.P. / Divisional Head
For National Bank of Pakistan
Date: 17 July 2007
7
INDEPENDENT AUDITORS' REPORT TO THE
UNIT HOLDERS OF NATIONAL INVESTMENT (UNIT) TRUST
We have audited the accompanying financial statements of National Investment (Unit) Trust, (the Trust) which
comprise the statement of assets and liabilities as at 30 June 2007, and the income statement, distribution
statement, cash flow statement and statement of movement in unit holders' funds for the year then ended,
and a summary of significant accounting policies and other explanatory notes.
Management Company's responsibility for the financial statements
Management Company (National Investment Trust Limited) of the Trust is responsible for the preparation and
fair presentation of these financial statements in accordance with the requirements of the Trust Deed, the
Non-Banking Finance Companies (Establishment and Regulation) Rules, 2003 (NBFC Rules) and approved
accounting standards as applicable in Pakistan. This responsibility includes: designing, implementing and
maintaining internal control relevant to the preparation and fair presentation of financial statements that are
free from material misstatement, whether due to fraud or error, selecting and applying appropriate accounting
policies; and making accounting estimates that are reasonable in the circumstances.
Auditors' responsibility
Our responsibility is to express an opinion on these financial statements based on our audit. We conducted
our audit in accordance with auditing standards as applicable in Pakistan. Those standards require that we
comply with ethical requirements and plan and perform the audit to obtain reasonable assurance whether the
financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the
financial statements. The procedures selected depend on the auditors' judgment, including the assessment
of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those
risk assessments, the auditor considers internal control relevant to the entity's preparation and fair
presentation of the financial statements in order to design audit procedures that are appropriate in the
circumstances, but not for the purpose of expressing an opining on the effectiveness of the entity's internal
control. An audit also includes evaluating the appropriateness of accounting policies used and the
reasonableness of accounting estimates made by management, as well as evaluating the overall presentation
of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate
to provide a basis for our opinion.
Opinion
In our opinion, the financial statements give a true and fair view of the financial position of the Trust as of
30 June 2007, and of its financial performance, cash flows, movement in unit holders' funds and transactions
for the year then ended in accordance with the approved accounting standards as applicable in Pakistan.
Other matters
In our opinion, the financial statements have been prepared in accordance with the relevant provisions of the
Trust Deed and NBFC Rules.
Chartered Accountants
Karachi
Date: 7 August 2007
8
STATEMENT OF ASSETS AND LIABILITIES
AS AT 30 JUNE 2007
LOC Holder's Non-LOC Consolidated
Note Fund Holder's Fund Fund
2007 2006
(Rupees in '000)
Assets
Bank balances 4 610,119 2,240,075 2,850,194 541,360

Receivable from selling banks - 2,200 2,200 3,241
Receivable from National Investment
Trust Limited 5 11,568 783,879 795,447 854,859
Investments 6 45,042,656 46,605,845 91,648,501 72,731,299
Loans and receivables 7 5,092,167 4,440,935 9,533,102 657,120
Other receivables 8 157,467 153,416 310,883 445,187
Total assets 50,913,977 54,226,350 105,140,327 75,233,066
Liabilities and deferred income
Short-term finances 9 195,000 2,075,000 2,270,000 1,170,000

Payable to selling banks - 48,263 48,263 101
Payable to National Investment Trust Limited 10 554,986 995,948 1,550,934 867,854
Creditors, accrued and other liabilities 11 52,723 61,726 114,449 104,871
Unclaimed distribution 13 98,159 95,292 193,451 135,662
Amount set aside for distribution 4,964,113 5,069,977 10,034,090 8,658,652
Total liabilities and deferred income 5,864,981 8,346,206 14,211,187 10,937,140
Contingencies and commitments 14
Net Assets 45,048,996 45,880,144 90,929,140 64,295,926
Unit holders' funds (as per statement attached) 45,048,996 45,880,144 90,929,140 64,295,926
Number of units in issue 15 800,663 817,738 1,618,402 1,492,871
(Rupees)
Net asset value per unit 56.26 56.11 56.18 43.07
The annexed notes form an integral part of these financial statements.
For National Investment Trust Limited

(Management Company)
Managing Director Director Director
E.V.P. / Divisional Head

For National Bank of Pakistan (Trustee)
9
INCOME AND DISTRIBUTION STATEMENT
FOR THE YEAR ENDED 30 JUNE 2007
Managed LOC Holder's Non-LOC Consolidated
Funds Fund Holder's Fund Fund
From 01 July From 01 April From 01 April
2006 to 31 March 2007 to 30 June 2007 to 30 June
2007 2007 2007 2007 2006
Note Nine months Three months Twelve months
(Rupees in '000)
Income
Dividend income 2,412,465 339,720 329,760 3,081,945 3,457,359
Capital gains 2,674,149 7,133,195 7,010,477 16,817,821 6,805,017
Profit on placements 89,812 35,463 44,742 170,017 121,694
Profit on investment in Term Finance
Certificates 23,768 3,738 3,629 31,135 54,322
Income on issue and repurchase of units 86,422 11,663 76,914 174,999 133,123
Unrealised gain in the market value
of investments held for trading 5,813,310 (1,913,346) (2,049,860) 1,850,104 8,531,019
Other income 5,343 716 694 6,753 86,331
Element of income and capital gains included
in prices of units sold less those in
units repurchased 38,943 12,896 510,817 562,655 (469,113)
11,144,212 5,624,045 5,927,173 22,695,429 18,719,752
Expenditure
Provision/write off against doubtful receivable - - - - 8,611
(Reversal) of provision against net physical
short fall in shares - - - - (5,246)
Reversal of provision against impairment
of investment-net - - - - 21,256
Write off of receivable from Privatization
Commission - - - - (6,803)
Management participation fee 16 547,624 112,902 109,787 770,313 729,442
SECP fee 54,762 11,290 10,979 77,031 74,743
Financial charges 141,970 3,787 17,886 163,643 94,245
Others 15,872 2,958 3,049 21,879 31,029
760,228 130,937 141,701 1,032,866 947,277
Profit for the period 10,383,984 5,493,108 5,785,472 21,662,563 17,772,475
Distribution
Final Distribution Rs. 6.20 per unit to be paid on
16 August 2007 (2006: Rs. 5.80 per unit paid
on 15 August 2006) - 4,964,113 5,069,977 10,034,090 8,658,652
Unappropriated profit brought forward 29,563,988 15,001,039 14,562,949 29,563,988 20,450,165
Unappropriated profit carried forward 39,947,972 15,530,034 15,278,444 41,192,461 29,563,988


10
STATEMENT OF MOVEMENT IN UNIT HOLDERS' FUNDS
2007 2007 2007 2007 2006
Nine months Three months Twelve months
(Rupees in '000)
Unit holders' Fund at the beginning of

the period 64,295,926 39,703,629 38,544,125 64,295,926 61,002,391
Amount received on issue of 213.299

million units
Nine months combined: 94.465 million units 4,473,263 - - 4,473,263
LOC holder's fund: 10 million units - 624,700 - 624,700
NON LOC holder's fund: 108.834 million units - - 6,489,536 6,489,536
(2006: 88.116 million units) 4,473,263 624,700 6,489,536 11,587,499 4,216,924
Units issued under Cumulative Investment

Plan 75.136 million units
(2006: 21.117 million units) 3,148,954 - - 3,148,954 820,178
Amount paid on redemption of

162.904 million units
Nine months combined: 77.736 million units (3,687,994) - - (3,687,994)
LOC holder's fund: 13.446 million units - (790,099) - (790,099)
NON LOC holder's fund:71.722 million units - - (4,149,528) (4,149,528)
(2006: 216.601 million units) (3,687,994) (790,099) (4,149,528) (8,627,621) (10,581,310)
3,934,223 (165,399) 2,340,008 6,108,832 (5,544,208)
Element of income and capital gains in
prices of units sold less those
in units repurchased (38,943) (12,896) (510,817) (562,656) 469,113
Net unrealised gain during the period in
market value of investments classified
as available for sale (327,435) 4,994,667 4,791,333 9,458,565 (768,074)
Provision against impairment on investment
classified as available for sale - - - - 22,881
Net profit for the period less distribution 10,383,984 528,995 715,495 11,628,473 9,113,823
Unit holders' Fund at the end of the period 78,247,755 45,048,996 45,880,144 90,929,140 64,295,926


11
CASH FLOW STATEMENT
2007 2007 2007 2007 2006
Nine months Three months Twelve months
(Rupees in '000)
CASH FLOWS FROM OPERATING ACTIVITIES
Gross income from operations 11,144,212 5,624,045 5,927,173 22,695,429 18,719,752

Less: Unrealised gain/(loss) in the market value of
investments held for trading 5,813,310 (1,913,346) (2,049,860) 1,850,104 8,531,019
Less: Compensation on account of delay in issuance
of tax refund - - - - 61,930
5,330,902 7,537,391 7,977,033 20,845,325 10,126,803
(Increase) / decrease in assets
Investments 1,257,144 (3,434,169) (3,556,511) (5,733,535) 373,935
Loans and receivables 9,370 7,432 7,216 24,018 20,497
Receivable from National Investment Trust Limited 854,859 - - 854,859 (12,155)
Other receivables (1,904,198) 1,034,633 1,003,870 134,304 (118,202)
5,548,077 5,145,287 5,431,608 16,124,971 10,390,878
Increase / (decrease) in liabilities
Creditors accrued and other liabilities 971 (361) (233) 377 6,863
Payable to National Investment Trust Limited (14,675) 12,790 130,085 128,200 (34,346)
Cash generated from operations 5,534,373 5,157,716 5,561,460 16,253,548 10,363,394
Management participation fee paid (437,442) - - (437,442) (419,947)

Financial charges paid (145,991) (3,519) (7,219) (156,730) (99,720)
Tax refund and compensation - - - - 61,930
SECP fee paid (74,743) - - (74,743) (103,538)
Other charges paid (15,872) (2,958) (3,049) (21,879) (31,029)
Distribution amount paid (5,430,018) (11,107) (10,783) (5,451,909) (4,423,546)
Net cash generated from / (used in) operating activities (569,693) 5,140,132 5,540,409 10,110,845 5,347,544
CASH FLOWS FROM FINANCING ACTIVITIES

Net receipts/(payments) made against
repurchase of units 304,175 (23,443) 1,592,253 1,872,986 (4,884,239)
Finances borrowed / (repaid) during the period - net (970,000) 93,518 1,976,482 1,100,000 (1,080,000)
Net cash (used in) from financing activities (665,825) 70,075 3,568,735 2,972,986 (5,964,239)
Net increase/(decrease) in cash and cash equivalents (1,235,518) 5,210,207 9,109,144 13,083,831 (616,695)
Cash and cash equivalents at beginning of the period 2,516,360 649,911 630,931 2,516,361 3,133,055
Cash and cash equivalents at end of the period 1,280,842 5,860,118 9,740,075 15,600,192 2,516,360


12
NOTES TO THE FINANCIAL STATEMENTS
1. STATUS AND NATURE
The National Investment (Unit) Trust (The Trust) was established under a Trust Deed executed between National
Investment Trust Limited (NITL) as Management Company and National Bank of Pakistan (NBP) as Trustee. The
Trust Deed was executed on November 12, 1962, and was amended vide Supplemental Trust Deed dated 26 June
1968, 7 June 1981, 27 November 1998, 12 November 2002, 31 December 2003 and 18 January 2007. The
functions of the Trust are governed by the Trust Deed and the National Investment (Unit) Trust Ordinance, 1965.
The Management Company of the Trust has been classified as a Non-Banking Finance Company (NBFC) under
the NBFC Rules, 2003 and has obtained the requisite license from the Securities and Exchange Commission of
Pakistan (SECP) to undertake Asset Management Services. The Trust has been granted exemptions from
application of certain provisions of the NBFC Rules till privatization.
The Management Company is assigned management quality rating "AM2-" by Pakistan Credit Rating Agency
Limited (PACRA) which represents high quality management. PACRA has also assigned "4-star" rating to National
Investment (Unit) Trust which signifies good performance.
1.1. Sale of rights to manage the Trust Fund
The Privatization Commission, Government of Pakistan has invited expressions of interest for the sale of the
rights to manage the Trust Fund which exists solely with the Management Company, National Investment
Trust Limited. The Trustee, National Bank of Pakistan and the Management Company hold the rights and
privileges of the Unit Holders to be paramount. Till date, Privatization Commission is engaged in the process
of privatization.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in accordance with approved accounting standards as applicable
in Pakistan and the requirements of the Trust Deed and the NBFC Rules 2003. Approved accounting standards
comprise of such International Accounting Standards as notified under the provisions of the Companies Ordinance
1984. Wherever the requirements of the Trust Deed, the NBFC Rules or directive issued by the Securities and
Exchange Commission of Pakistan (SECP) differ with the requirements of these standards, the requirements of
the Trust Deed, the NBFC Rules and the said directive take precedence.
These financial statements have been presented in Pak Rupees, which is the Trust's functional and presentation
currency.
2.1. Basis of allocation
Assets and liabilities have been allocated in proportion to the number of units held by LOC holders and Non-
LOC holders respectively as on 31 March 2007, ensuring that quantitative and qualitative equivalence is
maintained.
Proportionate unit holding of LOC holders and Non-LOC holders as of 31 March 2007 is as follows:
LOC holders 50.740919%

Non-LOC holders 49.259081%
3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
3.1. Accounting convention
These financial statements have been prepared under the historical cost convention, except that certain
financial assets have been included at fair value in accordance with the recognition criteria mentioned in the
relevant International Accounting Standard applicable to these assets.
These financial statements have been prepared under the accrual basis of accounting except for cash flow
information.
13
3.2. Investments
All purchases and sales of securities that require delivery within the time frame established by regulation
or market convention such as " T+3 " purchases and sales are recognised at the trade date. Trade date is
the date on which the Trust commits to purchase or sell the asset.
The management determines the appropriate classification of its investments in accordance with the
requirements of International Accounting Standard 39: Financial Instruments: Recognition and
Measurement (IAS-39) at the time of purchase and re-evaluates this classification on a regular basis. The
investment portfolio of the Trust is categorised as per the requirements of IAS 39 as follows:
At fair value through income statement
a) These are classified as 'held for trading' if (a) acquired or incurred principally for the purpose of selling
or re-purchasing it in the near term; (b) part of a portfolio of identified financial instruments that are
managed together and for which there is evidence of a recent actual pattern of short term profit taking;
or (c) a derivative (except for a derivative that is a designated and effective hedging instrument).
b) On adoption of revised IAS 39 during the year and upon initial recognition these are designated by the
Trust as 'at fair value through income statement' except for equity instruments that do not have a
quoted market price in an active market, and whose fair value can not be reliably measured.
Held to maturity
Held to maturity investments are non-derivative financial assets with fixed or determinable payments and
fixed maturity that the Trust has the positive intent and ability to hold to maturity other than at fair value
through income statement, available for sale and loans and receivables.
Available for sale
Available for sale financial assets are those non-derivative financial assets that are designated as available
for sale or are not (a) loans and receivables, (b) held-to-maturity investments, or (c) financial assets at fair
value through income statement.
All quoted investments except 'at fair value through income statement' and held for trading are initially
recognised at cost inclusive of transaction costs. Investments at fair value through income statement and
held for trading are initially recognised at cost. All quoted investments are subsequently marked to market
using the closing market quotations of the Karachi Stock Exchange. Held to maturity investments are
subsequently measured at amortized cost using the effective interest method. Investments in delisted /
unquoted investments are carried at cost less impairment in value, if any. Investments other than shares
are stated at their principal amounts less provision for amounts considered doubtful.
Unrealised gains / losses on investments classified as at fair value through income statement are taken to
the income statement while unrealised gains / losses on investments classified as available for sale are
taken to unit holders' fund until these are derecognised, at which time the cumulative gain or loss previously
recognised in equity is taken to income statement.
Gain or loss is also recognized in income statement when held to maturity investments are derecognised
or impaired, and through the amortization process.
Impairment of investments is recognised in income statement when there is a permanent diminution in their
value. On impairment of available for sale investments, cumulative loss that had been recognised directly
in unit holders' fund is removed from unit holders' fund and recognised in income statement even though
the investments have not been derecognised. Impairment losses recognised in income statement for an
investment in equity instrument classified as available for sale are not reversed through income statement.
Impairment loss related to investments carried at cost is not reversed.
14
Derecognition
All investments are de-recognized when the rights to receive cash flows from the investments have expired
or have been transferred and the Trust has transferred substantially all risks and rewards of ownership.
3.3. Loans and receivables
These are non-derivative financial assets with fixed or determinable payments that are not quoted in an
active market other than (a) those that the Trust intends to sell immediately or in the near term, which shall
be classified as held for trading, and those that the Trust upon initial recognition designates as at fair value
through income statement; (b) those that the Trust upon initial recognition designates as available for sale;
or (c) those for which the Trust may not recover substantially all of its initial investment, other than because
of credit deterioration, which shall be classified as available for sale.
Subsequent to initial measurement loans and receivables are measured at amortized cost using the
effective interest rate method. Gains/losses arising on remeasurement of loans and receivables are taken
to the income statement.
Gain or loss is also recognized in income statement when loans and receivables are derecognised or
impaired, and through the amortization process.
3.4. Offsetting financial instruments
Financial assets and liabilities are offset and the net amount reported in the statement of assets and
liabilities when there is a legally enforceable right to set off the recognised amounts and there is an intention
to settle on a net basis, or realise the asset and settle the liability simultaneously.
3.5. Financial assets and financial liabilities
Financial assets carried on the statement of assets and liabilities include bank balances, receivables from
selling banks, receivable from NITL, investments at fair value through income statement, held for trading
and available for sale, investments held to maturity, loans and receivables, other receivables and amounts
due from Privatisation Commission.
Financial liabilities carried on the statement of assets and liabilities include short-term finances, payable to
selling banks, payable to NITL, creditors, accrued and other liabilities, unclaimed distribution and are at fair
value through income statement.
At the time of initial recognition, all financial assets and financial liabilities are measured at cost, which is
the fair value for the consideration given or received for it. Transaction costs are included in the initial
measurement of all financial assets and liabilities except for transaction costs incurred on financial assets
and liabilities classified as 'at fair value through income statement' and held for trading and that may be
incurred on disposal. The particular recognition methods adopted for the measurement of financial assets
and liabilities subsequent to initial measurement are disclosed in the policy statements associated with
each item.
3.6. Cash and cash equivalents
Cash comprises cash on hand and demand deposits. Cash equivalents are short-term, highly liquid
investments that are readily convertible to known amounts of cash and which are subject to insignificant
changes in value.
3.7. Taxation
The income of the Trust is exempt from income tax under clause 99 of Part I of the Second Schedule to the
Income Tax Ordinance, 2001, subject to the condition that not less than 90% of its accounting income for
the year (as reduced by capital gains whether realised or unrealised) is distributed amongst the unit
holders.
15
The Trust is also exempt from the provisions of section 113 (minimum tax) of the Income Tax Ordinance,
2001 in accordance with clause 11 of Part IV of the Second Schedule to the Income Tax Ordinance, 2001.
3.8. Provisions
Provisions are recognised when the Trust has a legal or constructive obligation as a result of past events
and it is probable that an outflow of resources will be required to settle the obligation and a reliable estimate
of the amount can be made. Provisions are reviewed at each balance sheet date and are adjusted to reflect
the current best estimate.
3.9. Element of income and capital gains included in prices of units sold less those in units repurchased
The daily sale and repurchase price of NIT units is determined on the basis of Net Asset Value which
includes elements of capital gain and revenue income (or losses as the case may be) that have accrued
upto that date. To prevent the dilution of per unit income and distribution of income already paid out on
redemption as dividend, an equalisation account called "element of income and capital gains included in
prices of units sold less those in units repurchased" is created. In respect of sale and repurchase of NIT
units, the element of capital gains and revenue income (or losses) included in the sale / repurchase price
of such units respectively is credited / charged to the income statement.
3.10 Borrowing costs
Borrowing costs are recognised as an expense in the period in which they are incurred.
3.11. Revenue recognition
Realised capital gains / (losses) arising on sale of investments are included in the Income and Distribution
Statement in the period in which they arise.
Unrealised capital gains / (losses) arising on marking to market of securities classified as 'held for trading'
are included in the Income and Distribution Statement in the period in which they arise.
Income from investment in morabaha arrangements, term finance certificates and other redeemable capital
is recognised on accrual basis, except where recovery is doubtful in which case it is credited to suspense
account.
Dividend income is recognised on the date of book closure of the investee company / institution declaring
the dividend.
Profit on bank deposits is recognised on accrual basis.

Fund Holder's Fund Fund
2007 2006
(Rupees in '000)
4. BANK BALANCES
Current accounts 4.1 610,088 2,240,045 2,850,133 540,961

Deposit account - - - 394
Stamps in hand 31 30 61 5
610,119 2,240,075 2,850,194 541,360
4.1. The above include an amount of Rs. 114.127 million for LOC Holder's Fund and Rs. 110.794 million for
Non LOC Holder's Fund respectively. (2006: Rs. 167.131 million) relating to unclaimed distribution.
16
2007 2006
(Rupees in '000)
5. RECEIVABLE FROM NATIONAL INVESTMENT
TRUST LIMITED
On account of sale of units 11,568 783,879 795,447 841,022

Others - - - 13,837
11,568 783,879 795,447 854,859
6. INVESTMENTS
Investments by category
At fair value through income statement

- equity securities - held for trading 4,523,897 3,840,265 8,364,162 43,902,863
- term finance certificates 31,413 30,496 61,909 70,261
4,555,310 3,870,761 8,426,071 43,973,124
Available for sale investments
- equity securities 40,239,717 39,588,845 79,828,562 27,186,324
Investments at fair value 44,795,027 43,459,606 88,254,633 71,159,448
Held to maturity investments

Fund placements 24 200,000 3,100,000 3,300,000 1,425,000
Other investments
- Morabaha arrangements 30,286 29,402 59,688 60,735
- Participation Term Certificates 5,328 5,172 10,500 10,500
- Term Finance Certificates 56,065 54,428 110,493 163,476
91,679 89,002 180,681 234,711
Less: Provision for impairment loss (44,050) (42,763) (86,813) (87,860)
47,629 46,239 93,868 146,851
45,042,656 46,605,845 91,648,501 72,731,299
6.1 The statement of investments specifying the movement in portfolio holding since the end of the preceding
accounting period and the value of each holding as a percentage of net asset value is annexed to these
financial statements.
6.2 The original cost of investments as at 30 June 2007 was Rs. 28,237.398 million under LOC holder's fund
and Rs. 27,904.741 million under Non LOC holder's fund (2006: Rs. 26,294.066 million).
6.3 As at 30 June 2007 the market value of securities given as collateral amounted to Rs. 777.91 million under
LOC holder's fund and Rs.4,417.63 million under Non LOC holder's fund respectively.(2006: Rs. 2,239.150
million).

2007 2006
(Rupees in '000)
7. LOANS AND RECEIVABLES
Fund placements 5,050,000 4,400,000 9,450,000 550,000

Term Finance Certificates 42,167 40,935 83,102 107,120
5,092,167 4,440,935 9,533,102 657,120
17
2007 2006
(Rupees in '000)
8. OTHER RECEIVABLES
Profit on Term Finance Certificates 13,325 12,935 26,260 27,577

Less: Provision for bad and doubtful receivables (9,386) (9,112) (18,498) (18,497)
3,939 3,823 7,762 9,080
Dividend receivable 144,283 140,030 284,313 431,319

Mark-up receivable on deposit account and
placements 8,928 9,256 18,184 3,611
Profit on Morabaha arrangements 26,014 25,254 51,268 51,267

Less: Provision against profit on morabaha
arrangements (26,014) (25,254) (51,268) (51,267)
- - - -
Other receivables 3,080 2,990 6,070 6,623

Less: Provision for bad and doubtful receivables (2,763) (2,683) (5,446) (5,446)
317 307 624 1,177
157,467 153,416 310,883 445,187
9. SHORT-TERM FINANCES 195,000 2,075,000 2,270,000 1,170,000
This represents short-term financing obtained from various commercial banks. The rate of mark-up ranges from
Re 0.2558 to 0.3279 to per thousand per day (2006: Re 0.214 to 0.274 per thousand per day). These finances are
repayable latest by 27 July 2007 and are secured by pledge of marketable securities as mentioned in note 6.3 of
these financial statements.
10. PAYABLE TO NATIONAL INVESTMENT TRUST LIMITED
On account of repurchase of units 398 339,705 340,103 118,095

Management participation fee payable 538,935 523,379 1,062,314 729,442
Others 10.1 15,653 132,864 148,517 20,317
554,986 995,948 1,550,934 867,854
10.1 Others include preliminary charges on sale of units amounting to Rs 13.437 million under LOC holder's fund
and Rs. 115.999 million under NON LOC holder's fund respectively (2006: 20.021 million).
11. CREDITORS, ACCRUED AND OTHER LIABILITIES
Excess dividend received 1,169 1,134 2,303 2,602

Zakat payable 24 142 166 1,185
Mark-up payable 268 10,667 10,935 4,021
Distribution not claimed by unit holders 1,124 1,091 2,215 2,214
SECP fee payable 39,077 37,954 77,031 74,743
Others 11,061 10,738 21,799 20,106
52,723 61,726 114,449 104,871
12. MANAGEMENT PARTICIPATION FEE
National Investment Trust Limited - NITL (Management Company) is entitled to receive management participation
fee on account of services rendered to the Trust. Management participation fee is charged of 1% of the average
funds under management to the maximum of 1% of the value of the Trust on June 30 each year.
18
2007 2006
(Rupees in '000)
13. UNCLAIMED DISTRIBUTION 98,159 95,292 193,451 135,662
As at each accounting date, the amount of cash required to effect distribution of profits among holders of registered
and bearer units, is transferred to a special account titled distribution account. The aggregate balance in such
accounts for the years 1997-98 and earlier in case of distribution to registered unit holders and 1999-2000 and
earlier in case of distribution to bearer unit holders exceeds the liability for unclaimed distribution by approximately
Rs. 31.469 million. This amount represents payments of distribution out of accounts other than the relevant
distribution account and is included as part of the deposited property of the Trust.
14. CONTINGENCIES AND COMMITMENTS
During the year ended 30 June 2006, the fund received Rs. 61.930 million in respect of compensation on account
of delay in issuance of tax refund from Tax Authorities. The Tax department has gone into appeal against the
appellate order passed by Commissioner (Appeals) in favor of the Fund. However, the management is confident
that the liability will not be materialized.
15. NUMBER OF UNITS IN ISSUE Registered Bearer Total Total

2007 2006
Number of units
Total outstanding at the beginning of the period 1,222,094,877 270,776,215 1,492,871,092 1,600,239,915
Add: Sales during the period - -
Nine months combined 94,464,877 - 94,464,877 -
LOC holder's fund 10,000,000 - 10,000,000 -
Non LOC holder's fund 108,833,734 - 108,833,734 -
213,298,611 - 213,298,611 88,116,190
Units issued under Cumulative Investment
Plan (CIP) during the period 75,136,097 - 75,136,097 21,116,843
1,510,529,585 270,776,215 1,781,305,800 1,709,472,948
Less: Repurchases during the period
Nine months combined 77,493,593 242,015 77,735,608 -
LOC holder's fund 13,446,471 - 13,446,471 -
Non LOC holder's fund 71,084,603 637,500 71,722,103 -
162,024,667 879,515 162,904,182 216,601,856
Conversion of bearer units into registered 94,860 (94,860) - -
Total units in issue at the end of the period 1,348,599,778 269,801,840 1,618,401,618 1,492,871,092
Following units were in issue as of the balance sheet date to LOC holders and Non-LOC holders:
LOC holders 568,577,239 232,086,125 800,663,364

Non-LOC holders 780,022,539 37,715,715 817,738,254
1,348,599,778 269,801,840 1,618,401,618
15.1 The Ministry of Finance (MOF) has issued Letters of Comfort (LOC) on various dates to certain institutional
unit holders which supersede earlier LOCs issued by the MOF and state that on the willingness of the unit
holders the NIT units for a further period of five years, NIT would be facilitated to redeem such units at the
rate of Rs. 13.70 per unit.
15.2 The units in issue at 30 June 2007 include 538,753,739 (30 June 2006: 538,753,739) registered units and
232,086,125 (30 June 2006: 232,086,125) bearer units against which LOCs have been issued. Such unit
holders also hold 29,823,500 units additionally which are not covered by the LOC.
19
16. MANAGEMENT PARTICIPATION FEE
National Investment Trust Limited - NITL (Management Company) is entitled to receive management participation
fee on account of services rendered to the Trust. Management participation fee is charged @ 1% of the average
funds under management to the maximum of 1% of the value of the fund on June 30 each year.
17. TAXATION
No provision for taxation for the current period has been made in these accounts as Management intends to
distribute at least ninety percent of its accounting income for the year as reduced by capital gains (both realised
and unrealised) to the unit holders.
18. MARKET RATE OF RETURN (MROR) SENSITIVITY POSITION
18.1 The Trust's market rate of return sensitivity related to financial assets and financial liabilities as at
30 June 2007 can be determined from the following:
30 June' 2007
Description Within three More than More than Not exposed
months three months one year to MROR
and less than risk
one year Total
(Rupees in '000)
Assets
Bank balances - - - 2,850,194 2,850,194

Receivable from selling banks - - - 2,200 2,200
Receivable from National Investment Trust
Limited - - - 795,447 795,447
Investments held for trading and
available for sale - - - 88,254,633 88,254,633
Investments held to maturity 3,393,868 - 3,393,868
Loans and receivables originated by the Trust - - 9,533,102 - 9,533,102
Other receivables - - - 310,883 310,883
- - 12,926,970 92,213,357 105,140,327
Liabilities, deferred income and unit

holders' funds
Short-term finances 2,270,000 - - - 2,270,000

Payable to selling banks - - - 48,263 48,263
Payable to National Investment
Trust Limited - - - 1,550,934 1,550,934
Creditors, accrued and other liabilities - - - 114,449 114,449
Unclaimed distribution - - - 193,451 193,451
Amount set aside for distribution - - - 10,034,090 10,034,090
2,270,000 - - 11,941,187 14,211,187
Total market rate of return sensitivity gap (2,270,000) - 12,926,970 80,272,170 90,929,140
Cumulative market rate of return sensitivity gap (2,270,000) (2,270,000) 10,656,970 90,929,140
20
30 June' 2006
Description Within three More than More than Not exposed
months three months one year to MROR
and less than risk
one year Total
(Rupees in '000)
Assets
Bank balances - - - 541,360 541,360

Receivable from selling banks - - - 3,241 3,241
Receivable from National Investment Trust
Limited - - - 854,859 854,859
Investments held for trading and
available for sale - 33,000 37,260 71,089,188 71,159,448
Investments held to maturity 1,975,000 17,106 129,745 - 2,121,851
Loans and receivables 2,021 - 105,099 - 107,120
Other receivables - - - 445,187 445,187
1,977,021 50,106 272,104 72,933,835 75,233,066
Liabilities, deferred income and unit

holders' funds
Short-term finances 1,170,000 - - - 1,170,000

Payable to selling banks - - - 101 101
Payable to National Investment
Trust Limited - - - 867,854 867,854
Unclaimed distribution - - - 135,662 135,662
Amount set aside for distribution - - - - -
1,170,000 - - 1,003,617 2,173,617
Total market rate of return sensitivity gap 807,021 50,106 272,104 71,930,218 73,059,449
Cumulative market rate of return sensitivity gap 807,021 857,127 1,129,231 73,059,449
18.2. The effective market rate of return for financial assets and financial liabilities is as follows:
Consolidated Fund
2007 2006
% per annum
Assets
Term finance certificates 8.00 - 13.06 8.00 - 16.00
Bank balances - 1.10 - 2.00
Short term placements with banks and financial institution 7.00 - 12.15 5.00 - 11.50
Liabilities
Short-term finances 9.34 - 11.95 7.80 - 10.01
19. FAIR VALUE OF FINANCIAL INSTRUMENTS
The fair value of investments categorised as held for trading and available for sale is based on the closing market
prices quoted on the Karachi Stock Exchange. In the opinion of the management the fair value of the remaining
financial assets and liabilities are not significantly different from their carrying values since assets and liabilities are
essentially short-term in nature.
21
20. RISK MANAGEMENT
The Trust is primarily subject to market risk, interest rate risk, credit risk and liquidity risk. The Trust has designed
and implemented a framework of controls to identify, monitor and manage these risks as follows:
20.1. Market risk
Market risk is the risk that the value of a financial instrument will fluctuate as a result of changes in market
prices. The Trust's market risk is managed through diversification of the investment portfolio by exposures
and by following the internal guidelines established by the Investment Committee.
20.2. Interest rate risk
Interest rate risk is the risk that the value of a financial instrument will fluctuate due to changes in the market
interest rates. The Trust has adopted appropriate policies to minimise its exposure to this risk.
20.3. Credit risk
Credit risk is the risk that one party to a financial instrument will fail to discharge an obligation and cause
the other party to incur a financial loss. All transactions in listed securities are settled, paid upon delivery
using approved brokers. The risk of default is considered minimal since delivery of securities sold is only
made once the broker has received payment. On a purchase, payment is made once the securities have
been received by the broker.
20.4. Liquidity risk
Liquidity risk is the risk that an enterprise will encounter difficulty in raising funds to meet commitments
associated with financial instruments. The Management Company manages liquidity risk by following
internal guidelines of the Investment Committee such as monitoring maturities of financial assets and
financial liabilities and investing in highly liquid financial assets.
21. TRANSACTIONS WITH RELATED PARTIES
The key related party relationship maintained by the Trust are those with the management company, the trustee,
the directors of the management company, investee companies in which the Trust holds a shareholding of 20% or
more of the total paid-up capital of the investee company and key management personnel of the management
company.
Transactions with related parties essentially comprise sale and repurchase of units, fee on account of managing
the affairs of the Trust, sales load and other charges, dividend paid to related unit holders and dividend income
received from related investee companies. Transactions with related parties are carried out on an arms length
basis.
The significant transactions carried out by the Trust with related parties during the year are given below:
Consolidated
Fund
2007 2006
(Rupees in '000)
Units sold 11,761,530 4,077,184

Units repurchased 7,794,417 9,922,711
Sales load and charges 326,781 85,888
Management participation fee 770,313 729,442
Distribution made to unit holders 54,692 412
Dividend income on investments 312,340 368,200
In addition the details in respect of purchase and sale of shares of related investee companies have been set out
in the statement of movement of investment portfolio annexed to these financial statements.
22
Consolidated
Fund
2007 2006
22. KSE 100 INDEX 13,772 9,989
23. KSE ALL SHARES INDEX 9,759 6,708
24. CORRESPONDING FIGURES
The following reclassifications have been made in the current financial statements and respective comparative
amounts:
From To Rupees in '000 Reasons
Investment - Held to Maturity Loans and receivables 9,450,000 For fair presentation as
per revised IAS 39
25. DATE OF AUTHORISATION FOR ISSUE
These financial statements were authorised for issue on 7 August 2007 by the Board of Directors of the
Management Company.
26. GENERAL
Figures have been rounded off to the nearest thousand rupees, except stated otherwise.


23
STATEMENT OF MOVEMENT IN PORTFOLIO - HOLDING CATEGORISED
AS AVAILABLE FOR SALE AS AT 30 JUNE 2007
Opening Activities 01 July 2006 to 31 March 2007 Closing Balance 31 Mar 2007 Opening Shares Activities 01 April 2007 to
S. Shares as on as on 01 April
No Name 01 July Merger /
Purchase Bonus Right/New Sale Shares Market Value 2007 NON-LOC Purchase Bonus
2006 Demerger
Issue FUND
effects/Adj.
OPEN-END-MUTUAL FUND
1 HBL INCOME FUND - 750,000 - - - - 750,000 75,000,000 369,443 - -

2 FIRST HABIB INCOME FUND - - - - - - - - - 123,147 -
3 IGI INCOME FUND - - - - - - - - - 125,000 -
4 ADK INCOME FUND - - - - - - - - - 98,518 -
5 FAYSAL SAVINGS & GROWH FUND - - - - - - - - - 50,000 -
TOTAL - 750,000 - - - - 750,000 75,000,000 369,443 396,665 -
CLOSE - END - MUTUAL FUND
6 AL-MEEZAN MUTUAL FUND 5,060,000 - - - - - 5,060,000 64,768,000 2,492,509 - -

7 ASIAN STOCKS FUND 700,000 - - - - - 700,000 4,900,000 344,813 - -
8 BSJS BALANCED FUND 2,331,524 - - - - - 2,331,524 23,315,240 1,148,487 - -
9 DOMINION STOCK FUND 320,000 - - - - - 320,000 576,000 157,629 - -
10 FIRST CAPIPTAL MUTUAL FUND 290,500 - - - - - 290,500 1,859,200 143,097 - -
11 GOLDEN ARROW FUND (Rs.5 each) 6,224 - - - - - 6,224 - 3,065 - -
12 UTP GROWH FUND 19,869,291 - - - - - 19,869,291 258,300,783 9,787,430 - -
13 PICIC GROWTH FUND 13,023,675 - - - - - 13,023,675 409,594,579 6,415,342 - -
14 INVESTEC MUTUAL FUND 350,000 - - - - - 350,000 315,000 172,406 - -
15 PAKISTAN PREMIER FUND 1,218,163 - - - - - 1,218,163 14,435,232 600,055 - -
16 ABAMCO COMPOSIT FUND 2,779,395 - - - - - 2,779,395 19,872,674 1,369,104 - -
17 PICIC INVESTMENT FUND 20,520,336 - - - - - 20,520,336 266,764,368 10,108,128 - -
TOTAL 66,469,108 - - - - - 66,469,108 1,064,701,076 32,742,065 - -
MODARABA
18 A.B.L. MODARABA 2,636,000 - - - (2,636,000) - - - - - -

19 H.B.L. MODARABA 10,223,002 - - - - - 10,223,002 90,984,718 5,035,756 - -
20 HABIB MODARABA (Rs. 5 each) 1,607,898 - - - - - 1,607,898 14,310,292 792,035 - -
21 FRIST PARAMOUNT MODARABA 77,798 - - - - - 77,798 - 38,322 - -
22 TAWAKAL MODARABA 962,325 - - - - - 962,325 - 474,032 - -
23 L.T.V. MODARABA (Rs.5 each) 552 - - - 100 - 652 - 321 - -
TOTAL 15,507,575 - - - (2,635,900) - 12,871,675 105,295,010 6,340,466 - -
LEASING COMPANIES
24 ASKARI LEASING - - - - - - - - - 1,000,000 -

25 CRESCENT LEASING 3,853,883 - - - - - 3,853,883 38,153,442 1,898,388 - -
26 DADABHOY LEASING 752,500 - - - - - 752,500 - 370,674 - -
27 ORIX LEASING 5,125,661 - - - - - 5,125,661 124,040,996 2,524,853 - -
28 SECURITY LEASING 605,000 - - 302,500 - - 907,500 9,710,250 447,026 - -
29 SAUDI PAK. LEASING 5,747,194 - - - - - 5,747,194 43,678,674 2,831,015 - -
TOTAL 16,084,238 - - 302,500 - - 16,386,738 215,583,362 8,071,956 1,000,000 -
INVESTMENT BANKS/COS/SECURITIES
30 BANKERS EQUITY 6,918,708 - - - - - 6,918,708 - 3,408,091 - -

31 JAHANGIR SIDDIQUI INVESTMENT BANK 8,412,993 - - - (8,412,993) - - - - - -
32 CRESCENT STANDARDARD BANK 14,302,924 - - - - - 14,302,924 45,054,211 7,045,488 - -
33 FIRST CAPITAL SECURITY CORPORATION 2,585,630 - 904,970 - - - 3,490,600 117,284,160 1,719,437 - -
34 IGI INVESTMENT BANK 3,082,105 - 308,210 - 180 - 3,390,495 50,348,851 1,670,126 - -
35 INVESTEC SECURITIES 200,000 - - - - - 200,000 300,000 98,518 - -
36 ISLAMIC BANK 284,193 - - - - - 284,193 682,063 139,990 - -
37 JAVED OMER VOHRA & COMPANY 2,599,500 - - - - - 2,599,500 219,657,750 1,280,489 - 128,049
38 DAWOOD CAPITAL MANAGEMENT 990,000 - 99,000 - - - 1,089,000 11,979,000 536,431 - -
39 PRUDENTIAL INVESTMENT BANK 662,400 - - - - - 662,400 - 326,292 - -
40 SECURITY BANK LIMITED 3,853,265 - - - - - 3,853,265 52,211,741 1,898,082 - -
41 EQUITY PARTICIPATION 10,000 - - - - - 10,000 - 4,925 - -
42 INDUSTRIAL DEVELOPMENT BANK 4,000 - - - - - 4,000 421,720 1,970 - -
43 FIRST DAWOOD INVESTMENT BANK 3,664,640 - 549,696 - 130 - 4,214,466 75,860,388 2,076,007 - -
TOTAL 47,570,358 - 1,861,876 - (8,412,683) - 41,019,551 573,799,883 20,205,846 - 128,049
COMMERCIAL BANK
44 ASKARI BANK LIMITED - - - - - - - - - 9,400,000 -

45 ATLAS INVESTMENT BANK 6,774,890 - - - 14,498,264 - 21,273,154 281,869,291 10,478,960 - -
46 BANK AL HABIB LIMITED - - - - - - - - - 30,000,000 -
47 MYBANK LIMITED (Bolan Bank) 200 - - - - - 200 5,120 98 - -
48 JS BANK LIMITED - - - - 27,258,097 - 27,258,097 354,355,261 13,427,088 - -
49 FAYSAL BANK LIMITED - - - - - - - - - 4,500,000 -
50 INDUS BANK LIMITED 300 - - - - - 300 - 147 - -
51 KASB BANK LIMITED 621,206 - - - 62,120 - 683,326 11,274,879 336,600 - -
52 NATIONAL BANK OF PAKISTAN 1,931,267 - 267,190 - - 150,000 2,048,457 469,813,613 1,009,051 - -
53 HABIB METROPOLITAN BANK - 5,000,000 - - - - 5,000,000 463,500,000 2,462,954 29,200,000 1,650,179
54 PRIME COMMERCIAL BANK 33,762,357 - - - - 33,762,357 - - - - -
55 CRESCENT COMMERCIAL BANK - - - - - - - - - 10,000,000 -
56 SAUDI PAK COMMERCIAL BANK 2,885,625 - - 865,687 - - 3,751,312 62,834,476 1,847,862 - -
57 SONERI BANK LIMITED - 43,700,000 4,370,000 - - - 48,070,000 2,340,999,844 23,678,840 14,000,000 -
58 MEHRAN BANK LIMITED 1,499,400 - - - - - 1,499,400 - 738,590 - -
59 ALLIED BANK LIMITED 393,717 - 205,271 - 632,640 - 1,231,628 115,218,799 606,688 800,000 -
24
30 June 2007 NON - LOC FUND Closing Balance 30 June 2007 %age of Opening Shares Activities 01 April 2007 to 30 June 2007 LOC FUND Closing Balance 30 June 2007 %age
NON LOC FUND Net Asset as on LOC FUND of
Merger / Merger /
Right/New Sale 01 April 2007 Purchase Bonus Right/New Sale Shares Market Value Net
Demerger Shares Market Value Demerger
Issue LOC FUND Issue Asset
effects/Adj. effects/Adj.
OPEN-END-MUTUAL FUND
- - - 369,443 36,944,300 0.07 380,557 - - - - - 380,557 38,055,700 0.08

- - - 123,147 12,314,700 0.02 - 126,853 - - - - 126,853 12,685,300 0.03
- - - 125,000 12,500,000 0.02 - 125,000 - - - - 125,000 12,500,000 0.02
- - - 98,518 5,101,262 0.01 - 101,482 - - - - 101,482 5,254,738 0.01
- - - 50,000 5,000,000 0.01 - 50,000 - - - - 50,000 5,000,000 0.01
- - - 766,108 71,860,262 0.14 380,557 403,335 - - - - 783,892 73,495,738 0.15
- - - 2,492,509 37,886,137 0.07 2,567,491 - - - - - 2,567,491 39,025,863 0.08

- - - 344,813 1,620,621 0.00 355,187 - - - - - 355,187 1,669,379 0.00
- - - 1,148,487 14,815,482 0.03 1,183,037 - - - - - 1,183,037 15,261,177 0.03
- - - 157,629 252,206 0.00 162,371 - - - - - 162,371 259,794 0.00
- - - 143,097 1,445,280 0.00 147,403 - - - - - 147,403 1,488,770 0.00
- - - 3,065 - - 3,159 - - - - - 3,159 - - B
- - - 9,787,430 137,024,020 0.27 10,081,861 - - - - - 10,081,861 141,146,054 0.28
- - - 6,415,342 216,838,560 0.43 6,608,333 - - - - - 6,608,333 223,361,655 0.45
- - - 172,406 206,887 0.00 177,594 - - - - - 177,594 213,113 0.00
- - - 600,055 9,000,825 0.02 618,108 - - - - - 618,108 9,271,620 0.02
- - - 1,369,104 11,568,929 0.02 1,410,291 - - - - - 1,410,291 11,916,959 0.02
- - - 10,108,128 154,148,952 0.30 10,412,208 - - - - - 10,412,208 158,786,172 0.32
- - - 32,742,065 584,807,899 1.15 33,727,043 - - - - - 33,727,043 602,400,556 1.20
MODARABA
- - - - - - - - - - - - - - -
- - - 5,035,756 49,853,984 0.10 5,187,246 - - - - - 5,187,246 51,353,735 0.10
- - - 792,035 10,692,473 0.02 815,863 - - - - - 815,863 11,014,151 0.02
- - - 38,322 - - 39,476 - - - - - 39,476 - - B
- - - 474,032 - - 488,293 - - - - - 488,293 - - B
- - - 321 - - 331 - - - - - 331 - - B
- - - 6,340,466 60,546,457 0.12 6,531,209 - - - - - 6,531,209 62,367,886 0.12
LEASING COMPANIES
- - - 1,000,000 32,750,000 0.06 - 1,000,000 - - - - 1,000,000 32,750,000 0.07

- - - 1,898,388 15,187,104 0.03 1,955,495 - - - - - 1,955,495 15,643,960 0.03
- - - 370,674 - - 381,826 - - - - - 381,826 - - B
- - - 2,524,853 75,114,377 0.15 2,600,808 - - - - - 2,600,808 77,374,038 0.15
- - - 447,026 4,894,935 0.01 460,474 - - - - - 460,474 5,042,190 0.01
- - - 2,831,015 26,894,643 0.05 2,916,179 - - - - - 2,916,179 27,703,701 0.06
- - - 9,071,956 154,841,058 0.30 8,314,782 1,000,000 - - - - 9,314,782 158,513,889 0.32
- - - 3,408,091 - - 3,510,617 - - - - - 3,510,617 - - B

- - - - - - - - - - - - - - -
- - - 7,045,488 29,238,775 0.06 7,257,436 - - - - - 7,257,436 30,118,359 0.06
- - - 1,719,437 120,102,674 0.24 1,771,163 - - - - - 1,771,163 123,715,736 0.25
1,670,126 - - 3,340,252 56,784,284 0.11 1,720,369 - - 1,720,369 - - 3,440,738 58,492,546 0.12
- - - 98,518 265,999 0.00 101,482 - - - - - 101,482 274,001 0.00
- - - 139,990 734,948 0.00 144,203 - - - - - 144,203 757,066 0.00
- - - 1,408,538 328,893,623 0.65 1,319,011 - 131,901 - - - 1,450,912 338,787,952 0.68
- - - 536,431 5,632,526 0.01 552,569 - - - - - 552,569 5,801,975 0.01
- - - 326,292 - - 336,108 - - - - - 336,108 - - B
- - - 1,898,082 25,339,395 0.05 1,955,183 - - - - - 1,955,183 26,101,693 0.05
- - - 4,925 - - 5,075 - - - - - 5,075 - - B
- - - 1,970 207,697 0.00 2,030 - - - - - 2,030 214,023 0.00 A
- - - 2,076,007 60,100,403 0.12 2,138,459 - - - - - 2,138,459 61,908,388 0.12
1,670,126 - - 22,004,021 627,300,323 1.23 20,813,705 - 131,901 1,720,369 - - 22,665,975 646,171,739 1.29
COMMERCIAL BANK
- - - 9,400,000 995,460,000 1.95 - 9,400,000 - - - - 9,400,000 995,460,000 1.99

- - - 10,478,960 179,714,164 0.35 10,794,194 - - - - - 10,794,194 185,120,427 0.37
- - - 30,000,000 1,995,000,000 3.92 - 30,000,000 - - - - 30,000,000 1,995,000,000 3.99
- - - 98 2,930 0.00 102 - - - - - 102 3,050 0.00
- - - 13,427,088 258,471,444 0.51 13,831,009 - - - - - 13,831,009 266,246,923 0.53
- - - 4,500,000 333,000,000 0.65 - 4,500,000 - - - - 4,500,000 333,000,000 0.67
- - - 147 - - 153 - - - - - 153 - - B
- - - 336,600 7,741,800 0.02 346,726 - - - - - 346,726 7,974,698 0.02
- - - 1,009,051 264,371,362 0.52 1,039,406 - - - - - 1,039,406 272,324,372 0.54
- - - 33,313,133 2,565,111,241 5.03 2,537,046 29,200,000 1,699,820 - - - 33,436,866 2,574,638,682 5.15 A
- - - - - - - - - - - - - - -
- - - 10,000,000 224,500,000 0.44 - 10,000,000 - - - - 10,000,000 224,500,000 0.45
- - - 1,847,862 46,473,729 0.09 1,903,450 - - - - - 1,903,450 47,871,768 0.10
- - - 37,678,840 2,126,970,518 4.17 24,391,160 14,000,000 - - - - 38,391,160 2,167,180,982 4.33
- - - 738,590 - - 760,810 - - - - - 760,810 - - B
- - - 1,406,688 195,459,298 0.38 624,940 800,000 - - - - 1,424,940 197,995,413 0.40
2006 Demerger
Issue FUND
effects/Adj.
60 HABIB BANK LIMITED 105,924 - - - - - 105,924 5,157,621 52,177 - -

61 UNITED BANK LIMITED 88,377 - 22,094 - - - 110,471 18,001,249 54,416 - -
TOTAL 48,063,263 48,700,000 4,864,555 865,687 42,451,121 33,912,357 111,032,269 4,123,030,153 54,693,471 97,900,000 1,650,179
INSURANCE
62 PICIC INSURANCE - - - - - - - - - 950,000 -

63 UNION INSURANCE 622 - - - - - 622 21,950 306 - -
TOTAL 622 - - - - - 622 21,950 306 950,000 -
TEXTILE SPINNING
64 ACCORD TEXTILE MILLS 930,000 - - - - - 930,000 - 458,109 - -

65 ADIL TEXTILE MILLS 190,000 - - - - - 190,000 332,500 93,592 - -
66 ALLAWASAYA TEXTILE MILLS 100 - - - - - 100 10,000 49 - -
67 AL-QAIM TEXTILE MILLS 728,300 - - - - - 728,300 - 358,753 - -
68 ASIM TEXTILE MILLS 2,319,800 - - - - - 2,319,800 - 1,142,712 - -
69 AWAN TEXTILE MILLS 433,200 - - - - - 433,200 - 213,390 - -
70 AZAM TEXTILE MILLS 1,259,981 - - - - - 1,259,981 - 620,655 - -
71 BABRI COTTON MILLS 142,119 - - - - - 142,119 1,577,521 70,006 - -
72 BAIG SPINNING MILLS 103,750 - - - - - 103,750 181,563 51,106 - -
73 BROTHERS TEXTILE MILLS 1,254,513 - - - - - 1,254,513 - 617,961 - -
74 CENTRAL COTTON 70,948 - - - - - 70,948 - 34,948 - -
75 CRESCENT FIBRE (BOARD) MILLS 1,644,753 - - - 100 - 1,644,853 19,738,236 810,239 - -
76 CHAKWAL SPINNING MILLS 1,530,700 - - - - - 1,530,700 - 754,008 - -
77 CRESCENT SPINING MILLS 1,476,033 - - - - - 1,476,033 - 727,080 - -
78 DAR-ES-SALAM TEXTILE M ILLS 541,600 - - - - - 541,600 3,791,200 266,787 - -
79 DATA TEXTILE MILLS 1,255,800 - - - - - 1,255,800 - 618,595 - -
80 DEWAN KHALID TEXILE MILLS 515,729 - 51,572 - 80 - 567,381 10,780,239 279,486 - -
81 DEWAN MUSHTAQ TEXTILE MILLS 443,711 - 44,371 - - - 488,082 11,030,653 240,424 - -
82 DIN TEXILE MILLS 570,940 - - - - - 570,940 14,844,440 281,239 - -
83 D.M. TEXTILE MILLS 683,355 - - - - - 683,355 9,737,809 336,614 - -
84 ELLCOT SPINNING MILLS 1,434,026 - - - - - 1,434,026 30,114,546 706,388 - -
85 FATIMA ENTERPRISES 1,276,256 - - - - - 1,276,256 14,485,506 628,671 - -
86 FAZAL CLOTH MILLS 1,951,726 - 292,758 - (1) - 2,244,483 98,757,252 1,105,611 - -
87 FAZAL TEXTILE MILLS 137,550 - - - - - 137,550 15,818,250 67,755 - -
88 GADOON TEXTILE - - - - - - - - - 1,000,000 -
89 GLOBE TEXTILE MILLS 133,930 - - - - - 133,930 1,272,335 65,972 - -
90 GULISTAN SPINNING MILLS 405,000 - 40,500 - - - 445,500 3,118,500 219,449 - -
91 GULISTAN TEXTILE MILLS 1,042,291 - 104,229 - - - 1,146,520 18,516,298 564,765 - -
92 GULSHAN SPINNING MILLS 1,390,252 - 139,025 - 55 - 1,529,332 16,057,986 753,334 - -
93 HAJI MOHDAMMA ISMAIL-RIGHT 60 - - (60) - - - - - - -
94 HAJI MOHDAMMA ISMAIL 300 - - - - - 300 975 147 - -
95 HAJRA TEXTILE MILLS 1,051,712 - - - - - 1,051,712 - 518,063 - -
96 IDEAL SPINNING MILLS 1,336,600 - - - - - 1,336,600 5,346,400 658,396 - -
97 INDUS DYEING 1,066,393 - - - - - 1,066,393 72,941,281 525,295 - -
98 J.A. TEXTILE MILLS 1,375,100 - - - - - 1,375,100 - 677,361 - -
99 SAITEX SPINNING MILLS 727,200 - - - - - 727,200 - 358,212 - -
100 J.K. SPINNING MILLS 658,900 - - - - - 658,900 4,941,750 324,568 - -
101 JUNAID COTTON MILLS 76,000 - - - - - 76,000 - 37,436 - -
102 KARIM COTTON MILLS 224,450 - - - - - 224,450 - 110,562 - -
103 KHALID SIRAJ TEXTILE MILLS 1,422,070 - - - - - 1,422,070 - 700,498 - -
104 KOHAT TEXTILE MILLS 78,300 - - - - - 78,300 274,050 38,569 - -
105 KOHINOOR SPINNING MILLS 1,222,775 - - - - - 1,222,775 - 602,327 - -
106 LAFAYETTE INDUSTRIES 187,500 - - - - - 187,500 - 92,360 - -
107 LANDMARK SPINNING MILLS 909,350 - - - - - 909,350 - 447,937 - -
108 MAQBOOL TEXTILE MILLS 2,883,157 - - - - - 2,883,157 41,373,303 1,420,216 - -
109 MEHAR DASTGIR TEXTILE MILLS 100,000 - - - - - 100,000 - 49,259 - -
110 MOHIB TEXTILE MILLS 135,435 - - - 189,000 - 324,435 - 159,813 - -
111 NAGINA COTTON(REDM) 947,000 - - - - - 947,000 4,261,500 466,483 - -
112 NAGINA COTTON 5,170 - - - - - 5,170 - 2,546 - -
113 NAVEED TEXTILE MILLS 143,400 - - - - - 143,400 - 70,637 - -
114 HARUM TEXT MILLS (NAYAB) 118,250 - - - - - 118,250 - 58,248 - -
115 NORRIE TEXTILE MILLS 277,100 - - - - - 277,100 - 136,496 - -
116 NUSRAT TEXTILE MILLS 621,900 - - - - - 621,900 - 306,342 - -
117 OLYMPIA SPINNING MILLS 87,000 - - - - - 87,000 978,750 42,855 - -
118 OLYMPIA TEXTILE MILLS 727,500 - - - - - 727,500 - 358,359 - -
119 PREMIUM TEXTILE MILLS 1,638,900 - - - - - 1,638,900 67,194,900 807,307 - -
120 RAVI TEXTILE MILLS 703,700 - - - - - 703,700 - 346,636 - -
121 RELIANCE COTTON MILLS 776,000 - - - - - 776,000 16,994,400 382,250 - -
122 RESHAM TEXTILE MILLS 431,200 - - - - - 431,200 - 212,405 - -
123 RUBY TEXTILE MILLS 1,239,700 - - - - - 1,239,700 - 610,664 - -
124 SAIF TEXTILE MILLS 3,990,882 - - - - - 3,990,882 52,280,554 1,965,871 - -
125 SAJJAD TEXTILE MILLS 643,400 - - - - - 643,400 - 316,932 - -
126 SALFI TEXTILE MILLS 212,440 - - - - - 212,440 6,458,176 104,645 - -
127 SALLY TEXTILE MILLS 707,037 - - - - - 707,037 1,979,704 348,279 - -
128 SALMAN NOMAN MILLS 594,300 - - - - - 594,300 3,030,930 292,746 - -
129 SANA INDUSTRIES 499,625 - 49,962 - - - 549,587 11,816,121 270,721 - -
130 SARGODHA SPINNING MILLS 1,194,100 - - - - - 1,194,100 5,015,220 588,202 - -
131 SARITO TEXTILE MILLS 1,317,388 - - - - - 1,317,388 - 648,933 - -
132 QAYYUM SPINNING MILLS 148,500 - - - - - 148,500 - 73,149 - -
25
Merger / Merger /
- - - 52,177 2,540,587 0.00 53,747 - - - - - 53,747 2,617,033 0.01

- - - 54,416 11,968,799 0.02 56,055 - - - - - 56,055 12,329,297 0.02
- - - 154,243,650 9,206,785,873 18.07 56,338,798 97,900,000 1,699,820 - - - 155,938,618 9,282,262,645 18.56
INSURANCE
- - 950,000 - - - - 950,000 - - - 950,000 - - -

- - - 306 10,799 0.00 316 - - - - - 316 11,152 0.00
- - 950,000 306 10,799 0.00 316 950,000 - - - 950,000 316 11,152 0.00
TEXTILE SPINNING
- - - 458,109 - - 471,891 - - - - - 471,891 - - B

- - - 93,592 187,184 0.00 96,408 - - - - - 96,408 192,816 0.00
- - - 49 4,900 0.00 51 - - - - - 51 5,100 0.00
- - - 358,753 - - 369,547 - - - - - 369,547 - - B
- - - 1,142,712 - - 1,177,088 - - - - - 1,177,088 - - B
- - - 213,390 - - 219,810 - - - - - 219,810 - - B
- - - 620,655 - - 639,326 - - - - - 639,326 - - B
- - - 70,006 1,085,093 0.00 72,113 - - - - - 72,113 1,117,752 0.00
- - - 51,106 102,212 0.00 52,644 - - - - - 52,644 105,288 0.00
- - - 617,961 - - 636,552 - - - - - 636,552 - - B
- - - 34,948 - - 36,000 - - - - - 36,000 - - B
- - - 810,239 12,599,216 0.02 834,614 - - - - - 834,614 12,978,248 0.03
- - - 754,008 - - 776,692 - - - - - 776,692 - - B
- - - 727,080 - - 748,953 - - - - - 748,953 - - B
- - - 266,787 2,067,599 0.00 274,813 - - - - - 274,813 2,129,801 0.00
- - - 618,595 - - 637,205 - - - - - 637,205 - - B
- - - 279,486 5,869,206 0.01 287,895 - - - - - 287,895 6,045,795 0.01
- - - 240,424 5,830,282 0.01 247,658 - - - - - 247,658 6,005,707 0.01
- - - 281,239 7,846,568 0.02 289,701 - - - - - 289,701 8,082,658 0.02
- - - 336,614 7,725,291 0.02 346,741 - - - - - 346,741 7,957,706 0.02
- - - 706,388 18,012,894 0.04 727,638 - - - - - 727,638 18,554,769 0.04
- - - 628,671 7,544,052 0.01 647,585 - - - - - 647,585 7,771,020 0.02
- - - 1,105,611 44,224,440 0.09 1,138,872 - - - - - 1,138,872 45,554,880 0.09
- - - 67,755 18,869,768 0.04 69,795 - - - - - 69,795 19,437,908 0.04
- - - 1,000,000 77,800,000 0.15 - 1,000,000 - - - - 1,000,000 77,800,000 0.16
- - - 65,972 478,297 0.00 67,958 - - - - - 67,958 492,696 0.00
- - - 219,449 2,413,939 0.00 226,051 - - - - - 226,051 2,486,561 0.00
- - - 564,765 14,514,461 0.03 581,755 - - - - - 581,755 14,951,104 0.03
- - - 753,334 9,642,675 0.02 775,998 - - - - - 775,998 9,932,774 0.02
- - - - - - - - - - - - - - -
- - - 147 588 0.00 153 - - - - - 153 612 0.00
- - - 518,063 - - 533,649 - - - - - 533,649 - - B
- - - 658,396 3,917,456 0.01 678,204 - - - - - 678,204 4,035,314 0.01
- - - 525,295 38,346,535 0.08 541,098 - - - - - 541,098 39,500,154 0.08
- - - 677,361 - - 697,739 - - - - - 697,739 - - B
- - - 358,212 - - 368,988 - - - - - 368,988 - - B
- - - 324,568 4,332,983 0.01 334,332 - - - - - 334,332 4,463,332 0.01
- - - 37,436 - - 38,564 - - - - - 38,564 - - B
- - - 110,562 - - 113,888 - - - - - 113,888 - - B
- - - 700,498 - - 721,572 - - - - - 721,572 - - B
- - - 38,569 231,414 0.00 39,731 - - - - - 39,731 238,386 0.00
- - - 602,327 - - 620,448 - - - - - 620,448 - - B
- - - 92,360 - - 95,140 - - - - - 95,140 - - B
- - - 447,937 - - 461,413 - - - - - 461,413 - - B
- - - 1,420,216 22,013,348 0.04 1,462,941 - - - - - 1,462,941 22,675,586 0.05
- - - 49,259 - - 50,741 - - - - - 50,741 - - B
- - - 159,813 - - 164,622 - - - - - 164,622 - - B
- - - 466,483 2,332,415 0.00 480,517 - - - - - 480,517 2,402,585 0.00
- - - 2,546 - - 2,624 - - - - - 2,624 - - B
- - - 70,637 - - 72,763 - - - - - 72,763 - - B
- - - 58,248 - - 60,002 - - - - - 60,002 - - B
- - - 136,496 - - 140,604 - - - - - 140,604 - - B
- - - 306,342 - - 315,558 - - - - - 315,558 - - B
- - - 42,855 428,550 0.00 44,145 - - - - - 44,145 441,450 0.00
- - - 358,359 - - 369,141 - - - - - 369,141 - - B
- - - 807,307 28,255,745 0.06 831,593 - - - - - 831,593 29,105,755 0.06
- - - 346,636 - - 357,064 - - - - - 357,064 - - B
- - - 382,250 14,487,275 0.03 393,750 - - - - - 393,750 14,923,125 0.03
- - - 212,405 - - 218,795 - - - - - 218,795 - - B
- - - 610,664 - - 629,036 - - - - - 629,036 - - B
- - - 1,965,871 31,552,230 0.06 2,025,011 - - - - - 2,025,011 32,501,427 0.06
- - - 316,932 - - 326,468 - - - - - 326,468 - - B
- - - 104,645 2,459,158 0.00 107,795 - - - - - 107,795 2,533,183 0.01
- - - 348,279 1,044,837 0.00 358,758 - - - - - 358,758 1,076,274 0.00
- - - 292,746 2,341,968 0.00 301,554 - - - - - 301,554 2,412,432 0.00
- - - 270,721 7,309,467 0.01 278,866 - - - - - 278,866 7,529,382 0.02
- - - 588,202 4,411,515 0.01 605,898 - - - - - 605,898 4,544,235 0.01
- - - 648,933 - - 668,455 - - - - - 668,455 - - B
- - - 73,149 - - 75,351 - - - - - 75,351 - -
2006 Demerger
Issue FUND
effects/Adj.
133 SERVICE TEXTILE MILLS 330,718 - - - - - 330,718 - 162,908 - -

134 SHADAB TEXTILE MILLS 191,250 - - - - - 191,250 - 94,207 - -
135 SHAHYAR (O.E.) 159,300 - - - - - 159,300 - 78,469 - -
136 SHAHZAD TEXTILE 5,300 - - - - - 5,300 19,345 2,610 - -
137 SHAHEEN COTTON 442 - - - - - 442 2,652 217 - -
138 SIFTAQ INTERNATIONAL 219,700 - - - - - 219,700 - 108,222 - -
139 SIND FINE TEXTILE 158,370 - - - - - 158,370 - 78,011 - -
140 SUNRAYS TEXTILE 551,300 - - - - - 551,300 13,892,760 271,565 - -
141 SUNSHINE COTTON 861,873 - - - 4,000 - 865,873 - 426,521 - -
142 TATA TEXTILE 4,251,573 - - - - - 4,251,573 108,202,533 2,094,285 - -
143 SHAHPUR TEXTILE 1,808,500 - - - - - 1,808,500 - 890,850 - -
144 TARIQ COTTON 87,500 - - - - - 87,500 - 43,101 - -
145 ZAFFAR TEXTILE 135,700 - - - - - 135,700 - 66,844 - -
146 AFSAR TEXTILE MILLS 130,300 - - - - - 130,300 - 64,184 - -
147 BAWANY TEXTILE MILLS 171,000 - - - - - 171,000 - 84,233 - -
148 GHAFFAR TEXT MILLS 93,050 - - - - - 93,050 - 45,835 - -
149 KOHINOOR COTTON 126,989 - - - - - 126,989 - 62,553 - -
150 PUNJAB COTTON 114,000 - - - - - 114,000 - 56,155 - -
151 SHAHYAR TEXTILE MILL 450,900 - - - - - 450,900 - 222,109 - -
TOTAL 64,193,922 - 722,417 (60) 193,234 - 65,109,513 687,170,136 32,072,302 1,000,000 -
TEXTILE WEAVING
152 CROWN TEXTILE 644,850 - - - - - 644,850 - 317,647 - -

153 AMAZAI TEXTILE 41,210 - - - - - 41,210 - 20,299 - -
154 APEX FABRICS 576,750 - - - - - 576,750 - 284,101 - -
155 AYAZ TEXTILE 426,700 - - - - - 426,700 - 210,188 - -
156 HAKKIM TEXTILE 522,480 - - - - - 522,480 - 257,368 - -
157 I.C.C. TEXTILE 334,700 - - - - - 334,700 1,355,535 164,870 - -
158 ITTI TEXTILE 331,210 - - - - - 331,210 - 163,151 - -
159 KAYTEX MILLS 329,200 - - - - - 329,200 - 162,160 - -
160 KOHINOOR LOOMS 344,400 - - - - - 344,400 - 169,648 - -
161 NAKSHBANDI INDUSTRIES 234,286 - - - - - 234,286 2,085,145 115,407 - -
162 PEARL FABRICS 466,860 - - - - - 466,860 - 229,970 - -
163 PROSPERITY WEAVING 2,000 - 200 - - - 2,200 26,950 1,083 - -
164 SADOON TEXTILE 2,000 - - - - - 2,000 - 985 - -
165 SAMIN TEXTILE 284,100 - - - - - 284,100 9,034,380 139,945 - -
166 SERVICE FABRICS 2,738,948 - - - - - 2,738,948 - 1,349,180 - -
167 SHAHTAJ TEXTLE 965,765 - - - - - 965,765 17,383,770 475,726 - -
168 SUNRISE TEXTILE 30,500 - - - - - 30,500 - 15,024 - -
169 YOUSUF WEAVING 2,413,000 - - - - - 2,413,000 11,944,350 1,188,621 - -
TOTAL 10,688,959 - 200 - - - 10,689,159 41,830,130 5,265,373 - -
TEXTILE COMPOSITE
170 AHMED HASSAN 1,853,484 - - - - - 1,853,484 80,163,183 913,009 - -

171 BLESSED TEXTILE 47,000 - - - - - 47,000 3,008,000 23,152 - -
172 FAISAL SPINNING 3,100 - - - - - 3,100 170,190 1,527 - -
173 PARAMOUNT SPINNING 2,516,660 - 251,666 - 10 - 2,768,336 26,576,026 1,363,656 - -
174 QUETTA TEXTILE 38,582 - - - - - 38,582 2,893,650 19,005 - -
175 KOHINOOR MILLS (WEAVING) - - - - - - - - - 1,800,000 -
176 NISHAT CHUNIAN - - - - - - - - - 2,200,000 -
177 RELIANCE WEAVING 962,496 - 240,624 - - - 1,203,120 22,498,344 592,645 - -
178 ALIF TEXTILE 649,800 - - - - - 649,800 - 320,085 - -
179 ARUJ GARMENT 137,600 - - - - - 137,600 811,840 67,780 - -
180 ASWAN TENTAGEAL 342,500 - - - - - 342,500 - 168,712 - -
181 BHAWALPUR TEX. 130,450 - - - - - 130,450 - 64,258 - -
182 COLONY TEXTILE - - - - 3,088,972 - 3,088,972 23,476,187 1,521,599 - -
183 (COLONY) SARHAD 667,652 - - - - - 667,652 2,002,956 328,879 - -
184 CRESCENT TEXTILE MILLS - - - - - - - - - 1,700,000 -
185 DAWOOD LAWRANCEPUR 666,496 - 66,649 - 3,741 - 736,886 39,791,844 362,983 - -
186 FATEH SPORTS 91,800 - - - - - 91,800 - 45,219 - -
187 COLONY TEXTILE 325,155 - - - (325,155) - - - - - -
188 HAFIZ TEXTILE 15,400 - - - - - 15,400 184,800 7,585 - -
189 INTERNATIONAL KNITWEAR 225,000 - - - - - 225,000 1,338,750 110,832 - -
190 ISHAQ TEXTILE 901,248 - - - - - 901,248 13,338,470 443,946 - -
191 JUBILEE SPINNING 302 - - - (37) - 265 1,299 130 - -
192 KAISER ART & KRAFT 75,000 - - - - - 75,000 - 36,944 - -
193 KOHINOOR INDUSRIES 646,198 - - - - - 646,198 5,783,472 318,311 - -
194 KOHINOOR TEXTILE 4,666,745 - 466,674 - 634 - 5,134,053 81,888,145 2,528,987 - -
195 KOHINOOR TEXTILE-RIGHT - - - 1,283,513 - - 1,283,513 7,636,904 632,247 - -
196 AZGARDS NINE 1,503,422 - - - 1 - 1,503,423 34,578,729 740,572 - -
197 MARR FABRICS 240,000 - - - - - 240,000 - 118,221 - -
198 MIAN TEXTILE 1,494,800 - - - (500) - 1,494,300 6,724,350 736,078 - -
199 MOHAMMAD FAROOQ 3,776,517 - - - - - 3,776,517 19,826,714 1,860,277 - -
200 NISHAT MILLS - 5,000,000 - - - - 5,000,000 503,000,000 2,462,954 - -
201 REDCO TEXTILE 1,596,800 - - - - - 1,596,800 - 786,569 - -
202 SCHON TEXTILE 525,000 - - - - - 525,000 - 258,610 - -
203 SHAMS TEXTILE 2,460,456 - - - - - 2,460,456 74,551,817 1,211,998 - -
204 SURAJ COTTON 790,830 - - - - - 790,830 30,565,580 389,555 - -
205 TAJ TEXTILE 2,862,310 - - - - - 2,862,310 6,297,082 1,409,947 - -
26
Merger / Merger /
- - - 162,908 - - 167,810 - - - - - 167,810 - - B

- - - 94,207 - - 97,043 - - - - - 97,043 - - B
- - - 78,469 - - 80,831 - - - - - 80,831 - - B
- - - 2,610 33,930 0.00 2,690 - - - - - 2,690 34,970 0.00
- - - 217 1,085 0.00 225 - - - - - 225 1,125 0.00
- - - 108,222 - - 111,478 - - - - - 111,478 - - B
- - - 78,011 - - 80,359 - - - - - 80,359 - - B
- - - 271,565 7,033,534 0.01 279,735 - - - - - 279,735 7,245,137 0.01
- - - 426,521 - - 439,352 - - - - - 439,352 - - B
- - - 2,094,285 51,728,840 0.10 2,157,288 - - - - - 2,157,288 53,285,014 0.11
- - - 890,850 - - 917,650 - - - - - 917,650 - - B
- - - 43,101 - - 44,399 - - - - - 44,399 - - B
- - - 66,844 - - 68,856 - - - - - 68,856 - - B
- - - 64,184 - - 66,116 - - - - - 66,116 - - B
- - - 84,233 - - 86,767 - - - - - 86,767 - - B
- - - 45,835 - - 47,215 - - - - - 47,215 - - B
- - - 62,553 - - 64,436 - - - - - 64,436 - - B
- - - 56,155 - - 57,845 - - - - - 57,845 - - B
- - - 222,109 - - 228,791 - - - - - 228,791 - - B
- - - 33,072,302 459,080,948 0.90 33,037,211 1,000,000 - - - - 34,037,211 470,552,056 0.94
TEXTILE WEAVING
- - - 317,647 - - 327,203 - - - - - 327,203 - - B

- - - 20,299 - - 20,911 - - - - - 20,911 - - B
- - - 284,101 - - 292,649 - - - - - 292,649 - - B
- - - 210,188 - - 216,512 - - - - - 216,512 - - B
- - - 257,368 - - 265,112 - - - - - 265,112 - - B
- - - 164,870 989,220 0.00 169,830 - - - - - 169,830 1,018,980 0.00
- - - 163,151 - - 168,059 - - - - - 168,059 - - B
- - - 162,160 - - 167,040 - - - - - 167,040 - - B
- - - 169,648 - - 174,752 - - - - - 174,752 - - B
- - - 115,407 980,960 0.00 118,879 - - - - - 118,879 1,010,472 0.00
- - - 229,970 - - 236,890 - - - - - 236,890 - - B
- - - 1,083 14,350 0.00 1,117 - - - - - 1,117 14,800 0.00
- - - 985 - - 1,015 - - - - - 1,015 - - B
- - - 139,945 7,836,920 0.02 144,155 - - - - - 144,155 8,072,680 0.02
- - - 1,349,180 - - 1,389,768 - - - - - 1,389,768 - - B
- - - 475,726 10,251,895 0.02 490,039 - - - - - 490,039 10,560,340 0.02
- - - 15,024 - - 15,476 - - - - - 15,476 - - B
- - - 1,188,621 7,666,605 0.02 1,224,379 - - - - - 1,224,379 7,897,245 0.02
- - - 5,265,373 27,739,950 0.05 5,423,786 - - - - - 5,423,786 28,574,517 0.06
TEXTILE COMPOSITE
- - - 913,009 41,085,405 0.08 940,475 - - - - - 940,475 42,321,375 0.08

- - - 23,152 1,701,672 0.00 23,848 - - - - - 23,848 1,752,828 0.00
- - - 1,527 108,799 0.00 1,573 - - - - - 1,573 112,076 0.00
- - - 1,363,656 17,727,528 0.03 1,404,680 - - - - - 1,404,680 18,260,840 0.04
- - - 19,005 1,897,649 0.00 19,577 - - - - - 19,577 1,954,763 0.00
- - - 1,800,000 53,100,000 0.10 - 1,800,000 - - - - 1,800,000 53,100,000 0.11
- - - 2,200,000 90,530,000 0.18 - 2,200,000 - - - - 2,200,000 90,530,000 0.18
- - - 592,645 11,823,268 0.02 610,475 - - - - - 610,475 12,178,976 0.02
- - - 320,085 - - 329,715 - - - - - 329,715 - - B
- - - 67,780 460,904 0.00 69,820 - - - - - 69,820 474,776 0.00
- - - 168,712 - - 173,788 - - - - - 173,788 - - B
- - - 64,258 - - 66,192 - - - - - 66,192 - - B
- - - 1,521,599 27,008,382 0.05 1,567,373 - - - - - 1,567,373 27,820,871 0.06
- - - 328,879 986,637 0.00 338,773 - - - - - 338,773 1,016,319 0.00
- - - 1,700,000 117,300,000 0.23 - 1,700,000 - - - - 1,700,000 117,300,000 0.23
- - - 362,983 29,764,606 0.06 373,903 - - - - - 373,903 30,660,046 0.06
- - - 45,219 - - 46,581 - - - - - 46,581 - - B
- - - - - - - - - - - - - - - B
- - - 7,585 83,814 0.00 7,815 - - - - - 7,815 86,356 0.00
- - - 110,832 664,992 0.00 114,168 - - - - - 114,168 685,008 0.00
- - - 443,946 7,280,714 0.01 457,302 - - - - - 457,302 7,499,753 0.01
- - - 130 650 0.00 135 - - - - - 135 675 0.00
- - - 36,944 - - 38,056 - - - - - 38,056 - - B
- - - 318,311 3,501,421 0.01 327,887 - - - - - 327,887 3,606,757 0.01
632,247 - - 3,161,234 84,563,010 0.17 2,605,066 - - 651,266 - - 3,256,332 87,106,881 0.17
(632,247) - - 0 - - 651,266 - - (651,266) - - - - - B
- - - 740,572 39,102,202 0.08 762,851 - - - - - 762,851 40,278,533 0.08
- - - 118,221 - - 121,779 - - - - - 121,779 - - B
- - - 736,078 3,128,332 0.01 758,222 - - - - - 758,222 3,222,444 0.01
- - - 1,860,277 16,742,493 0.03 1,916,240 - - - - - 1,916,240 17,246,160 0.03
- - - 2,462,954 321,292,349 0.63 2,537,046 - - - - - 2,537,046 330,957,651 0.66
- - - 786,569 - - 810,231 - - - - - 810,231 - - B
- - - 258,610 - - 266,390 - - - - - 266,390 - - B
- - - 1,211,998 62,660,297 0.12 1,248,458 - - - - - 1,248,458 64,545,279 0.13
- - - 389,555 23,081,134 0.05 401,275 - - - - - 401,275 23,775,544 0.05
- - - 1,409,947 2,819,894 0.01 1,452,363 - - - - - 1,452,363 2,904,726 0.01
2006 Demerger
Issue FUND
effects/Adj.
206 TAWAKKAL GARMENT 240,898 - - - - - 240,898 - 118,664 - -

207 ZAHOOR COTTON 986,000 - - - - - 986,000 - 485,694 - -
208 ZAHOOR TEXTILE 836,693 - - - - - 836,693 - 412,147 - -
209 MASOOD TEXTILE 2,058,050 - - - (1,750) - 2,056,300 50,173,720 1,012,914 - -
210 ADAMJEE INDUSTRIES 247 - - - - - 247 - 121 - -
211 CRESCENT KNITWEAR 165,000 - - - - - 165,000 - 81,277 - -
TOTAL 34,499,691 5,000,000 1,025,613 1,283,513 2,765,916 - 44,574,733 1,037,282,052 21,957,089 5,700,000 -
WOOLEN
212 MOONLITE (PAK) 234,429 - - - - - 234,429 7,126,642 115,477 - -

TOTAL 234,429 - - - - - 234,429 7,126,642 115,477 - -
SYNTHETIC & RAYON
213 ADIL POLYPROPLEN 276,500 - - - - - 276,500 - 136,201 - -

214 AL-ABID SILK 1,937,320 - - - - - 1,937,320 97,544,062 954,306 - -
215 AL-ABID SILK-RIGHT 561,822 - - - - 561,822 - - - - -
216 DEWAN SALMAN FIBRE - - - - - - - - - 4,000,000 -
217 IBRAHIM FIBRE MILLS - - - - - - - - - 1,800,000 -
218 INDUS POLYESTER 10 - - - - - 10 27 4 - -
219 KARIM SILK 39,025 - - - - - 39,025 - 19,223 - -
220 POLYRON LIMITED 300 - - - - - 300 810 147 - -
221 RUPALI POLYESTER - - - - - - - - - 1,400,000 -
222 SUNSHINE CLOTH 895,100 - - - - - 895,100 - 440,918 - -
223 TRI-STAR POLY 1,278,490 - - - - - 1,278,490 - 629,772 - -
TOTAL 4,988,567 - - - - 561,822 4,426,745 97,544,899 2,180,571 7,200,000 -
JUTE
224 AMIN FABRICS 163,409 - - - - - 163,409 - 80,493 - -

225 MEHRAN JUTE 246,744 - - - - - 246,744 - 121,543 - -
226 THAL LIMITED - - 200,173 1,000,864 168 - 1,201,205 235,436,180 591,703 370,000 -
227 CRESCENT JUTE 3,022,405 - - - - - 3,022,405 - 1,488,808 - -
TOTAL 3,432,558 - 200,173 1,000,864 168 - 4,633,763 235,436,180 2,282,547 370,000 -
SUGAR & ALLIED INDUSTRIES
228 ADAM SUGAR 546 - - - - - 546 - 268 - -

229 AL-ABBAS SUGAR 2,897,300 - - - - - 2,897,300 172,389,350 1,427,183 - -
230 AL-ASIF SUGAR 3,072,100 - - - - - 3,072,100 - 1,513,288 - -
231 AL-NOOR SUGAR 4,662,403 - - - - - 4,662,403 86,254,456 2,296,656 - -
232 BABA FARID 219 - - - - - 219 1,971 107 - -
233 BAWANY SUGAR 55,874 - - - - - 55,874 - 27,523 - -
234 SALEEM SUGAR P.6% 17,786 - - - - - 17,786 - 8,761 - -
235 CHARSADA SUGAR 402 - - - - - 402 - 198 - -
236 CHASHMA SUGAR 1,912,800 - - - - - 1,912,800 24,866,400 942,227 - -
237 CRESCENT SUGAR 2,128,702 - - - - - 2,128,702 17,561,792 1,048,579 - -
238 DEWAN SUGAR 4,903,528 - - - - - 4,903,528 40,454,106 2,415,432 - -
239 FARAN SUGAR 4,711,526 - - - - - 4,711,526 80,095,942 2,320,854 - -
240 FARAN SUGAR - RIGHT - - - - - - - - - - -
241 HABIB SUGAR 7,567,452 - 2,522,231 - 253 - 10,089,936 271,923,775 4,970,209 - -
242 HUSSEIN SUGAR 2,604 - - - - - 2,604 - 1,282 - -
243 KHAIRPUR SUGAR 1,601,750 - - - - 1,601,750 - - - - -
244 KOHINOOR SUGAR 1,271,028 - 190,654 - (161) - 1,461,521 43,845,630 719,931 - -
245 MIAN MOHAMMAD SUGAR 350,000 - - - - - 350,000 - 172,406 - -
246 MIRPURKHAS SUGAR 1,664,530 - - - - - 1,664,530 213,892,105 819,932 - -
247 MIRZA SUGAR 100 - - - - - 100 210 49 - -
248 NOON SUGAR 28,985 - 5,797 - - - 34,782 942,592 17,133 - -
249 PANGIRO SUGAR 1,583,100 - - - - - 1,583,100 - 779,820 - -
250 PREMIER SUGAR 149,137 - - - - - 149,137 9,701,362 73,463 - -
251 SAKRAND SUGAR 2,497,378 - - - - - 2,497,378 5,868,838 1,230,185 - -
252 SANGHAR SUGAR 2,159,230 - - - - - 2,159,230 - 1,063,616 - -
253 SHAHTAJ SUGAR 1,627,508 - - - - - 1,627,508 83,002,908 801,695 - -
254 SHAMURAD SUGAR 4,908,558 - - - - - 4,908,558 - 2,417,910 - -
255 SHAKERGANG SUGAR 12,171,269 - - - - - 12,171,269 366,355,197 5,995,455 - -
256 TANDLIANWALA SUGAR 71,500 - - - - - 71,500 858,000 35,220 - -
257 TANDLIANWALA SUGAR-RIGHT - - - - - - - - - - -
TOTAL 62,017,315 - 2,718,682 - 92 1,601,750 63,134,339 1,418,014,633 31,099,382 - -
CEMENT
258 CHERAT CEMENT 11,250,571 10,000,000 1,687,586 - 330 - 22,938,487 1,083,843,511 11,299,288 1,400,000 -
259 FECTOR CEMENT 3,188,200 - - - - - 3,188,200 95,486,590 1,570,478 - -
260 JAVEDAN CEMENT 1,180,286 - - - - 5,000 1,175,286 116,353,314 578,935 - -
261 KOHAT CEMENT 358,171 - 35,817 - - - 393,988 13,001,604 194,074 - -
262 LUCKY CEMENT - 8,400,000 - - - - 8,400,000 666,120,000 4,137,763 - -
263 MAPLE LEAF CEMENT - - - - - - - - - 2,000,000 -
264 MUSTEHKAM CEMENT 1,129,476 - - - - - 1,129,476 - 556,369 - -
265 DEWAN CEMENT LIMITED 9,743,914 - - - - - 9,743,914 110,593,424 4,799,762 - -
266 PIONEER CEMENT 2,102,080 - 94,803 - 37 - 2,196,920 60,525,146 1,082,182 - -
27
Merger / Merger /
- - - 118,664 - - 122,234 - - - - - 122,234 - - B

- - - 485,694 - - 500,306 - - - - - 500,306 - - B
- - - 412,147 - - 424,546 - - - - - 424,546 - - B
- - - 1,012,914 25,829,307 0.05 1,043,386 - - - - - 1,043,386 26,606,343 0.05
- - - 121 - - 126 - - - - - 126 - - B
- - - 81,277 - - 83,723 - - - - - 83,723 - - B
- - - 27,657,089 984,245,458 1.93 22,617,644 5,700,000 - - - - 28,317,644 1,006,004,978 2.01
WOOLEN
- - - 115,477 6,651,475 0.01 118,952 - - - - - 118,952 6,851,635 0.01

- - - 115,477 6,651,475 0.01 118,952 - - - - - 118,952 6,851,635 0.01
SYNTHETIC & RAYON
- - - 136,201 - - 140,299 - - - - - 140,299 - - B

- - - 954,306 47,715,300 0.09 983,014 - - - - - 983,014 49,150,700 0.10
- - - - - - - - - - - - - - - B
- - - 4,000,000 42,200,000 0.08 - 4,000,000 - - - - 4,000,000 42,200,000 0.08
- - - 1,800,000 102,600,000 0.20 - 1,800,000 - - - - 1,800,000 102,600,000 0.21
- - - 4 12 0.00 6 - - - - - 6 18 0.00
- - - 19,223 - - 19,802 - - - - - 19,802 - - B
- - - 147 470 0.00 153 - - - - - 153 490 0.00
- - - 1,400,000 59,500,000 0.12 - 1,400,000 - - - - 1,400,000 59,500,000 0.12
- - - 440,918 - - 454,182 - - - - - 454,182 - - B
- - - 629,772 - - 648,718 - - - - - 648,718 - - B
- - - 9,380,571 252,015,783 0.49 2,246,174 7,200,000 - - - - 9,446,174 253,451,208 0.51
JUTE
- - - 80,493 - - 82,916 - - - - - 82,916 - - B

- - - 121,543 - - 125,201 - - - - - 125,201 - - B
- - - 961,703 268,315,137 0.53 609,502 370,000 - - - - 979,502 273,281,058 0.55
- - - 1,488,808 - - 1,533,597 - - - - - 1,533,597 - -
- - - 2,652,547 268,315,137 0.53 2,351,216 370,000 - - - - 2,721,216 273,281,058 0.55
- - - 268 - - 278 - - - - - 278 - - B

- - - 1,427,183 91,339,712 0.18 1,470,117 - - - - - 1,470,117 94,087,488 0.19
- - - 1,513,288 - - 1,558,812 - - - - - 1,558,812 - - B
- - - 2,296,656 67,751,352 0.13 2,365,747 - - - - - 2,365,747 69,789,537 0.14
- - - 107 1,017 0.00 112 - - - - - 112 1,064 0.00
- - - 27,523 - - 28,351 - - - - - 28,351 - - B
- - - 8,761 - - 9,025 - - - - - 9,025 - - B
- - - 198 - - 204 - - - - - 204 - - B
- - - 942,227 13,473,846 0.03 970,573 - - - - - 970,573 13,879,194 0.03
- - - 1,048,579 12,478,090 0.02 1,080,123 - - - - - 1,080,123 12,853,464 0.03
- - - 2,415,432 26,690,524 0.05 2,488,096 - - - - - 2,488,096 27,493,461 0.05
- - - 2,320,854 33,652,383 0.07 2,390,672 - - - - - 2,390,672 34,664,744 0.07
348,128 - - 348,128 522,192 0.00 - - - 358,600 - - 358,600 537,900 0.00
- - - 4,970,209 176,690,930 0.35 5,119,727 - - - - - 5,119,727 182,006,295 0.36
- - - 1,282 - - 1,322 - - - - - 1,322 - - B
- - - - - - - - - - - - - - - B
- 24 - 719,955 20,518,718 0.04 741,590 - - - 26 - 741,616 21,136,056 0.04
- - - 172,406 - - 177,594 - - - - - 177,594 - - B
- - - 819,932 168,086,060 0.33 844,598 - - - - - 844,598 173,142,590 0.35
- - - 49 123 0.00 51 - - - - - 51 128 0.00
- - - 17,133 510,563 0.00 17,649 - - - - - 17,649 525,940 0.00
- - - 779,820 - - 803,280 - - - - - 803,280 - - B
- - - 73,463 5,524,418 0.01 75,674 - - - - - 75,674 5,690,685 0.01
- - - 1,230,185 3,075,463 0.01 1,267,193 - - - - - 1,267,193 3,167,983 0.01
- - - 1,063,616 - - 1,095,614 - - - - - 1,095,614 - - B
- - - 801,695 46,297,886 0.09 825,813 - - - - - 825,813 47,690,701 0.10
- - - 2,417,910 - - 2,490,648 - - - - - 2,490,648 - - B
- - - 5,995,455 305,768,205 0.60 6,175,814 - - - - - 6,175,814 314,966,514 0.63
- - - 35,220 475,470 0.00 36,280 - - - - - 36,280 489,780 0.00
23,991 - - 23,991 11,996 0.00 - - - 24,713 - - 24,713 12,357 0.00
372,119 24 - 31,471,525 972,868,946 1.91 32,034,957 - - 383,313 26 - 32,418,296 1,002,135,878 2.00
CEMENT
- - - 12,699,288 717,509,772 1.41 11,639,199 1,400,000 - - - - 13,039,199 736,714,744 1.47

- - - 1,570,478 51,040,535 0.10 1,617,722 - - - - - 1,617,722 52,575,965 0.11
- - 578,900 35 3,710 0.00 596,351 - - - - 596,300 51 5,406 0.00
- - - 194,074 10,577,033 0.02 199,914 - - - - - 199,914 10,895,313 0.02
- - - 4,137,763 569,976,853 1.12 4,262,237 - - - - - 4,262,237 587,123,147 1.17
- - - 2,000,000 48,800,000 0.10 - 2,000,000 - - - - 2,000,000 48,800,000 0.10
- - - 556,369 - - 573,107 - - - - - 573,107 - - B
- - - 4,799,762 83,275,871 0.16 4,944,152 - - - - - 4,944,152 85,781,037 0.17
- - - 1,082,182 40,473,607 0.08 1,114,738 - - - - - 1,114,738 41,691,201 0.08
2006 Demerger
Issue FUND
effects/Adj.
267 PUNJAB BUILDING 901,043 - - - - - 901,043 - 443,845 - -

268 ZEAL PAK CEMENT 987,124 - - - - - 987,124 5,182,401 486,248 - -
269 PAKISTAN CEMENT 35,103,500 - - - - 1,516,000 33,587,500 367,783,125 16,544,893 - -
270 PAKISTAN CEMENT - RIGHT - - - - - - - - - - -
TOTAL 65,944,365 18,400,000 1,818,206 - 367 1,521,000 84,641,938 2,518,889,115 41,693,837 3,400,000 -
TOBACCO
271 PAKISTAN TOBACCO 1,020,400 - - - - - 1,020,400 82,142,200 502,639 1,300,000 -

TOTAL 1,020,400 - - - - - 1,020,400 82,142,200 502,639 1,300,000 -
REFINERY
272 ATTOCK REFINERY - - - - - - - - - 2,450,000 -

273 NATIONAL REFINERY 231,555 3,500,000 - - - - 3,731,555 896,319,511 1,838,130 1,400,000 -
274 PAKISTAN REFINERY - - - - - - - - - 1,350,000 -
TOTAL 231,555 3,500,000 - - - - 3,731,555 896,319,511 1,838,130 5,200,000 -
POWER GENERATION & DISTRIBUTION
275 HUB POWER - - - - - - - - - 15,000,000 -

276 KOHINOOR POWER 561,000 - - - - - 561,000 1,935,450 276,343 - -
277 S.G. POWER 656,480 - - - - - 656,480 2,199,208 323,376 - -
278 SITARA ENERGY 519,939 - - - - - 519,939 6,707,213 256,117 - -
TOTAL 1,737,419 - - - - - 1,737,419 10,841,871 855,836 15,000,000 -
OIL & GAS MARKETING COMPANIES
279 PAKISTAN STATE OIL 24,780,074 - - - - - 24,780,074 8,798,165,274 12,206,437 - -

280 SHELL GAS LPG 362,382 - 72,476 - 1,897 - 436,755 100,890,405 215,141 - -
281 SUI SOUTH GAS PIPELINE 13,464,513 - - - - - 13,464,513 327,187,666 6,632,496 - -
282 SUI NORTHERN GAS PIPELINE 29,148,799 - 2,914,880 - 60 - 32,063,739 2,096,968,531 15,794,303 - -
TOTAL 67,755,768 - 2,987,356 - 1,957 - 70,745,081 11,323,211,875 34,848,377 - -
OIL & GAS EXPLORATION COMPANIES
283 MARI GAS - - - - - - - - - 1,400,000 -

284 PAK OILFEILDS 1,774,310 - - - - - 1,774,310 568,932,502 874,009 - -
285 OIL & GAS DEVELOPMENT 1,450,000 - - - - - 1,450,000 172,260,000 714,256 1,500,000 -
TOTAL 3,224,310 - - - - - 3,224,310 741,192,502 1,588,265 2,900,000 -
ENGINEERING
286 DADEX ETERNET 11,841 - - - - - 11,841 735,326 5,832 - -

287 BOLAN CASTING 478,900 - - - - - 478,900 36,396,400 235,901 - -
288 CRESCENT STEEL 4,866,994 - - 1,622,332 - - 6,489,326 304,998,322 3,196,582 - -
289 CRESCENT STEEL-RIGHT 1,622,169 - - (1,622,169) - - - - - - -
290 HUFFAZ PIPE 699,384 209,815 - - - - 909,199 47,687,488 447,863 - -
291 INTERNATIONAL INDUSTRIES 2,078,009 - - 685,743 - - 2,763,752 321,977,108 1,361,398 4,500,000 -
292 KARACHI PIPE 316,900 - - - - - 316,900 - 156,102 - -
293 K.S.B. PUMPS 2,771,358 - - - - - 2,771,358 236,396,837 1,365,145 - -
294 METRO STEEL - - - - 200,000 - 200,000 4,100,000 98,518 - -
295 PAKISTAN ENGINEERING 2 - - - - - 2 - - - -
296 QUALITY STEEL 6,948 - - - - - 6,948 - 3,422 - -
297 TAXILA ENGINEERING 420,000 - - - - - 420,000 - 206,888 - -
298 BALOCHISTAN TOWER 150,459 - - - - - 150,459 - 74,114 - -
299 NOWSHERA ENGG 52,898 - - - - - 52,898 - 26,057 - -
300 RCD BALL 40,027 - - - - - 40,027 - 19,716 - -
TOTAL 13,515,889 209,815 - 685,906 200,000 - 14,611,610 952,291,481 7,197,538 4,500,000 -
AUTOMOBILE ASSEMBLER
301 GHANI AUTOMOBILE 300 - - - - - 300 3,000 147 - -

302 GHANI AUTOMOBILE-RIGHT - - - 300 - - 300 - 147 - -
303 ATLAS HONDA 194,891 - 29,233 - - - 224,124 27,119,004 110,401 - -
304 GHANDARA NISAN MOTOR 5,458,307 - - - - - 5,458,307 140,551,405 2,688,711 - -
305 HINO PAK MOTOR COMPANY LTD. - - - - - - - - - 500,000 -
306 HONDA ATLAS CAR - - - - - - - - - 1,800,000 -
307 INDUS MOTOR COMPANY LTD. - - - - - - - - - 1,400,000 -
308 MILLAT TRACTOR - - - - - - - - - 250,000 -
309 GHANDHARA INDUSTRIES 130,521 - - 394,413 - - 524,934 16,771,641 258,577 - -
310 GHANDHARA INDUSTRIES-RIGHT 391,563 - - (391,563) - - - - - - -
311 PAK SUZUKI MOTOR COMPANY LTD. - - - - - - - - - 2,000,000 -
312 S.N. KAWASAKI 9,100 - - - - - 9,100 25,480 4,482 - -
313 SUZUKI MOTORCYCLE 1,531,750 - - - - - 1,531,750 27,954,438 754,525 - -
TOTAL 7,716,432 - 29,233 3,150 - - 7,748,815 212,424,968 3,816,990 5,950,000 -
28
Merger / Merger /
- - - 443,845 - - 457,198 - - - - - 457,198 - - B

- - - 486,248 2,625,739 0.01 500,876 - - - - - 500,876 2,704,730 0.01
7,445,201 - - 23,990,094 272,204,848 0.53 17,042,607 - - - - - 17,042,607 246,265,671 0.49
- - - - - - - - - 7,669,174 - - 7,669,174 34,127,820 0.07
7,445,201 - 578,900 51,960,138 1,796,487,968 3.53 42,948,101 3,400,000 - 7,669,174 - 596,300 53,420,975 1,846,685,034 3.69
TOBACCO
- - - 1,802,639 283,014,323 0.56 517,761 1,300,000 - - - - 1,817,761 285,388,477 0.57

- - - 1,802,639 283,014,323 0.56 517,761 1,300,000 - - - - 1,817,761 285,388,477 0.57
REFINERY
- - - 2,450,000 285,547,500 0.56 - 2,450,000 - - - - 2,450,000 285,547,500 0.57

- - - 3,238,130 1,104,202,330 2.17 1,893,425 1,400,000 - - - - 3,293,425 1,123,057,925 2.25
- - - 1,350,000 299,632,500 0.59 - 1,350,000 - - - - 1,350,000 299,632,500 0.60
- - - 7,038,130 1,689,382,330 3.32 1,893,425 5,200,000 - - - - 7,093,425 1,708,237,925 3.42
- - - 15,000,000 550,500,000 1.08 - 15,000,000 - - - - 15,000,000 550,500,000 1.10

- - - 276,343 1,243,544 0.00 284,657 - - - - - 284,657 1,280,957 0.00
- - - 323,376 1,228,829 0.00 333,104 - - - - - 333,104 1,265,795 0.00
- - - 256,117 6,966,382 0.01 263,822 - - - - - 263,822 7,175,958 0.01
- - - 15,855,836 559,938,755 1.10 881,583 15,000,000 - - - - 15,881,583 560,222,710 1.12
- - - 12,206,437 4,778,209,764 9.38 12,573,637 - - - - - 12,573,637 4,921,950,204 9.84

- - - 215,141 48,191,584 0.09 221,614 - - - - - 221,614 49,641,536 0.10
- - - 6,632,496 171,118,397 0.34 6,832,017 - - - - - 6,832,017 176,266,039 0.35
- - - 15,794,303 1,117,446,937 2.19 16,269,436 - - - - - 16,269,436 1,151,062,597 2.30
- - - 34,848,377 6,114,966,682 12.00 35,896,704 - - - - - 35,896,704 6,298,920,375 12.59
- - - 1,400,000 245,000,000 0.48 - 1,400,000 - - - - 1,400,000 245,000,000 0.49

- - - 874,009 277,060,853 0.54 900,301 - - - - - 900,301 285,395,417 0.57
- - - 2,214,256 265,267,869 0.52 735,744 1,500,000 - - - - 2,235,744 267,842,131 0.54
- - - 4,488,265 787,328,722 1.55 1,636,045 2,900,000 - - - - 4,536,045 798,237,548 1.60
ENGINEERING
- - - 5,832 349,920 0.00 6,009 - - - - - 6,009 360,540 0.00

- - - 235,901 18,164,377 0.04 242,999 - - - - - 242,999 18,710,923 0.04
- - - 3,196,582 226,957,322 0.45 3,292,744 - - - - - 3,292,744 233,784,824 0.47
- - - - - - - - - - - - - - -
- - - 447,863 39,411,944 0.08 461,336 - - - - - 461,336 40,597,568 0.08
- - - 5,861,398 868,952,254 1.71 1,402,354 4,500,000 - - - - 5,902,354 875,023,981 1.75
- - - 156,102 - - 160,798 - - - - - 160,798 - - B
- - - 1,365,145 218,354,943 0.43 1,406,213 - - - - - 1,406,213 224,923,769 0.45
- - - 98,518 2,019,619 0.00 101,482 - - - - - 101,482 2,080,381 0.00
- - - - - - 2 - - - - - 2 - - B
- - - 3,422 - - 3,526 - - - - - 3,526 - - B
- - - 206,888 - - 213,112 - - - - - 213,112 - - B
- - - 74,114 - - 76,345 - - - - - 76,345 - - B
- - - 26,057 - - 26,841 - - - - - 26,841 - - B
- - - 19,716 - - 20,311 - - - - - 20,311 - - B
- - - 11,697,538 1,374,210,378 2.70 7,414,072 4,500,000 - - - - 11,914,072 1,395,481,986 2.79
- - - 147 1,764 0.00 153 - - - - - 153 1,836 0.00

(147) - - - - - 153 - - (153) - - - - -
- - - 110,401 17,443,358 0.03 113,723 - - - - - 113,723 17,968,234 0.04
- - - 2,688,711 112,925,862 0.22 2,769,596 - - - - - 2,769,596 116,323,032 0.23
- - - 500,000 181,500,000 0.36 - 500,000 - - - - 500,000 181,500,000 0.36
- - - 1,800,000 113,760,000 0.22 - 1,800,000 - - - - 1,800,000 113,760,000 0.23
- - - 1,400,000 427,700,000 0.84 - 1,400,000 - - - - 1,400,000 427,700,000 0.86
- - - 250,000 82,875,000 0.16 - 250,000 - - - - 250,000 82,875,000 0.17
- - - 258,577 13,756,296 0.03 266,357 - - - - - 266,357 14,170,192 0.03
- - - - - - - - - - - - - - -
- - - 2,000,000 784,000,000 1.54 - 2,000,000 - - - - 2,000,000 784,000,000 1.57
- - - 4,482 15,687 0.00 4,618 - - - - - 4,618 16,163 0.00
- - - 754,525 13,204,188 0.03 777,225 - - - - - 777,225 13,601,438 0.03
(147) - - 9,766,843 1,747,182,155 3.43 3,931,825 5,950,000 - (153) - - 9,881,672 1,751,915,895 3.50
2006 Demerger
Issue FUND
effects/Adj.
AUTOMOBILE PARTS & ACCESSORIES
314 AGRIAUTO INDUSTRIES 2,207,141 - - - - - 2,207,141 169,949,857 1,087,217 - -

315 ALLWIN ENGINEERING 51,085 - - - - - 51,085 1,233,703 25,164 - -
316 AUTOMOTIVE 600,000 - - - - - 600,000 - 295,554 - -
317 BALOCHISTAN WHEELS 3,232,218 - - - - - 3,232,218 174,862,994 1,592,160 - -
318 BELA ENGINEERING 540,297 - - - - - 540,297 - 266,145 - -
319 EXIDE (PAK) 723,020 - - - - - 723,020 61,456,700 356,153 - -
320 GENERAL TYRE & RUBBER CO. 7,645,244 - - - - - 7,645,244 174,693,825 3,765,976 - -
321 REX BAREN BATTERY 114,000 - - - - - 114,000 - 56,155 - -
322 TAGA PAKISTAN 195,000 - - - - - 195,000 - 96,055 - -
TOTAL 15,308,005 - - - - - 15,308,005 582,197,079 7,540,579 - -
CABLE & ELECTRICAL GOODS
323 CASSPAK INDUSTRIES 110,000 - - - - - 110,000 - 54,184 - -

324 HYDERABAD ELECTRIC 200,000 - - - - - 200,000 - 98,518 - -
325 JOHN & PHILIPS 1,165,927 - - - - - 1,165,927 19,470,981 574,324 - -
326 PAKISTAN CABLES 1,622,986 - 811,493 - - - 2,434,479 442,344,834 1,199,201 - -
327 PAK ELECTRON 4,752,720 3,500,000 1,188,180 - 5,812 - 9,446,712 746,290,248 4,653,364 - -
328 PAK TELEPHONE 185,600 - - - - - 185,600 1,364,160 91,424 - -
329 PUNJAB LAMP 220,200 - - - - - 220,200 - 108,468 - -
330 SINGER PAKISTAN 7 - - - - - 7 405 3 - -
331 SIEMENS ENGINEERING - - - - - - - - - 950,000 -
332 REFR'S MANUFACTUREING CO. PK 53 - - - - - 53 - 26 - -
333 ASLO ELECTRONICS 80,000 - - - - - 80,000 - 39,407 - -
334 GREAVES AIRCONDITION 120,000 - - - - - 120,000 - 59,110 - -
TOTAL 8,457,493 3,500,000 1,999,673 - 5,812 - 13,962,978 1,209,470,629 6,878,029 950,000 -
TRANSPORT
335 P.N.S.C. 886,261 - - - - - 886,261 48,389,851 436,564 - -

336 PAN.ISL.N.LOT. 2,308 - - - - - 2,308 - 1,136 - -
TOTAL 888,569 - - - - - 888,569 48,389,851 437,700 - -
TECHNOLOGY & COMMUNICATION
337 PAK DATACOM LIMITED 264,132 - 26,413 - - - 290,545 21,471,276 143,119 - -

338 P.T.C.L. "A" 10,773,250 - - - - - 10,773,250 510,652,050 5,306,804 - -
339 TRG PAKISTAN LTD-RIGHT 600,000 - - (600,000) - - - - - - -
340 TRG PAKISTAN LTD 1,000,000 - - - - - 1,000,000 10,450,000 492,590 - -
TOTAL 12,637,382 - 26,413 (600,000) - - 12,063,795 542,573,326 5,942,513 - -
FERTILIZER
341 FAUJI FERTILIZER COMPANY LIMITED 3,556,855 33,600,000 - - - - 37,156,855 3,921,906,045 18,303,125 1,500,000 -
TOTAL 3,556,855 33,600,000 - - - - 37,156,855 3,921,906,045 18,303,125 1,500,000 -
PHARMACEUTICALS
342 FEROZSONS LABORATORIES 1,161,325 - 232,265 - - - 1,393,590 273,561,717 686,469 - -

343 HIGHNOON LABORATORY 514,543 - - - - - 514,543 27,785,322 253,459 - 38,018
344 SANOFI-AVENTIS PHARMA 465,825 - - - - - 465,825 100,618,200 229,461 - -
345 OTSUKA PAKISTAN 213,600 - - - - - 213,600 8,383,800 105,217 - -
346 SEARLE PAKISTAN 1,319,038 - 131,903 - 20 - 1,450,961 35,258,352 714,730 - -
344 GLAXOSMITHKLINE - - - - - - - - - 4,900,000 -
347 WYETH PAK LTD(CYNA) 226,506 - - - - - 226,506 427,869,834 111,574 - -
348 ABBOTT LABORATORY - - - - - - - - - 2,500,000 -
TOTAL 3,900,837 - 364,168 - 20 - 4,265,025 873,477,225 2,100,910 7,400,000 38,018
CHEMICAL
349 BAWANY AIR 150,865 - - - - - 150,865 2,715,570 74,314 - -

350 BERGER PAINTS 399,105 - 79,821 - - - 478,926 69,923,196 235,914 - -
351 BUXLY PAINTS 355,709 - - - - - 355,709 12,752,168 175,218 - -
352 CLARIANT PAKISTAN 2,521,024 - - - - - 2,521,024 434,498,486 1,241,833 - -
353 DATA AGRO 200,000 - - - - - 200,000 - 98,518 - -
354 DYNEO PAKISTAN 3,628,996 - - - - - 3,628,996 39,918,956 1,787,610 - -
355 I.C.I. PAKISTAN 163,977 - - - - - 163,977 21,194,027 80,773 - -
356 LEINER GELATINE 55,375 - - - - - 55,375 1,409,294 27,277 - -
357 PAKISTAN GUMS & CHEMICALS 164,197 - - - - - 164,197 9,096,514 80,881 - -
358 PAKISTAN PTA LIMITED 100,000 - - - - - 100,000 430,000 49,259 5,000,000 -
359 BOC PAKISTAN - - - - - - - - - 900,000 -
360 SARDAR CHEMICAL 300,000 - - - - - 300,000 735,000 147,777 - -
361 SIND ALKALIS 1,430,692 - - - - - 1,430,692 - 704,745 - -
362 SITARA CHEMICAL - - - - - - - - - 600,000 -
363 WAH-NOBLE 1,292,400 - - - - - 1,292,400 35,799,480 636,624 - -
364 NIMIR RESINS 1,549,755 - - - - - 1,549,755 9,298,530 763,395 - -
TOTAL 12,312,095 - 79,821 - - - 12,391,916 637,771,221 6,104,138 6,500,000 -
29
Merger / Merger /
AUTOMOBILE PARTS & ACCESSORIES
- - - 1,087,217 107,525,761 0.21 1,119,924 - - - - - 1,119,924 110,760,484 0.22

- - - 25,164 646,715 0.00 25,921 - - - - - 25,921 666,170 0.00
- - - 295,554 - - 304,446 - - - - - 304,446 - - B
- - - 1,592,160 105,082,560 0.21 1,640,058 - - - - - 1,640,058 108,243,828 0.22
- - - 266,145 - - 274,152 - - - - - 274,152 - - B
- - - 356,153 58,604,976 0.12 366,867 - - - - - 366,867 60,367,965 0.12
- - - 3,765,976 111,096,292 0.22 3,879,268 - - - - - 3,879,268 114,438,406 0.23
- - - 56,155 - - 57,845 - - - - - 57,845 - - B
- - - 96,055 - - 98,945 - - - - - 98,945 - - B
- - - 7,540,579 382,956,304 0.75 7,767,426 - - - - - 7,767,426 394,476,852 0.79
- - - 54,184 - - 55,816 - - - - - 55,816 - - B

- - - 98,518 - - 101,482 - - - - - 101,482 - - B
- - - 574,324 12,663,844 0.02 591,603 - - - - - 591,603 13,044,846 0.03
- - - 1,199,201 321,265,948 0.63 1,235,278 - - - - - 1,235,278 330,930,976 0.66
- - - 4,653,364 400,189,304 0.79 4,793,357 - - - - - 4,793,357 412,228,702 0.82
- - - 91,424 626,254 0.00 94,176 - - - - - 94,176 645,106 0.00
- - - 108,468 - - 111,732 - - - - - 111,732 - - B
- - - 3 182 0.00 4 - - - - - 4 242 0.00
- - - 950,000 1,648,250,000 3.24 - 950,000 - - - - 950,000 1,648,250,000 3.30
- - - 26 - - 27 - - - - - 27 - - B
- - - 39,407 - - 40,593 - - - - - 40,593 - - B
- - - 59,110 - - 60,890 - - - - - 60,890 - - B
- - - 7,828,029 2,382,995,532 4.68 7,084,958 950,000 - - - - 8,034,958 2,405,099,872 4.81
TRANSPORT
- - - 436,564 41,037,016 0.08 449,697 - - - - - 449,697 42,271,518 0.08

- - - 1,136 - - 1,172 - - - - - 1,172 - -
- - - 437,700 41,037,016 0.08 450,869 - - - - - 450,869 42,271,518 0.08
- - - 143,119 16,172,447 0.03 147,426 - - - - - 147,426 16,659,138 0.03

- - - 5,306,804 302,487,828 0.59 5,466,446 - - - - - 5,466,446 311,587,422 0.62
- - - - - - - - - - - - - - -
- - - 492,590 8,078,476 0.02 507,410 - - - - - 507,410 8,321,524 0.02
- - - 5,942,513 326,738,751 0.64 6,121,282 - - - - - 6,121,282 336,568,084 0.67
FERTILIZER
- - - 19,803,125 2,401,128,906 4.71 18,853,730 1,500,000 - - - - 20,353,730 2,467,889,763 4.93

- - - 19,803,125 2,401,128,906 4.71 18,853,730 1,500,000 - - - - 20,353,730 2,467,889,763 4.93
PHARMACEUTICALS
- - - 686,469 166,125,498 0.33 707,121 - - - - - 707,121 171,123,282 0.34

- - - 291,477 24,775,545 0.05 261,084 - 39,162 - - - 300,246 25,520,910 0.05
- - - 229,461 72,280,215 0.14 236,364 - - - - - 236,364 74,454,660 0.15
- - - 105,217 6,071,021 0.01 108,383 - - - - - 108,383 6,253,699 0.01
- - - 714,730 27,338,423 0.05 736,231 - - - - - 736,231 28,160,836 0.06
- - - 4,900,000 918,750,000 1.80 - 4,900,000 - - - - 4,900,000 918,750,000 1.84
- - - 111,574 230,288,736 0.45 114,932 - - - - - 114,932 237,219,648 0.47
- - - 2,500,000 465,000,000 0.91 - 2,500,000 - - - - 2,500,000 465,000,000 0.93
- - - 9,538,928 1,910,629,437 3.75 2,164,115 7,400,000 39,162 - - - 9,603,277 1,926,483,035 3.85
CHEMICAL
- - - 74,314 1,077,553 0.00 76,551 - - - - - 76,551 1,109,990 0.00

- - - 235,914 35,634,810 0.07 243,012 - - - - - 243,012 36,706,963 0.07
- - - 175,218 6,579,436 0.01 180,491 - - - - - 180,491 6,777,437 0.01
- - - 1,241,833 258,611,722 0.51 1,279,191 - - - - - 1,279,191 266,391,526 0.53
- - - 98,518 - - 101,482 - - - - - 101,482 - - B
- - - 1,787,610 40,578,747 0.08 1,841,386 - - - - - 1,841,386 41,799,462 0.08
- - - 80,773 13,497,168 0.03 83,204 - - - - - 83,204 13,903,388 0.03
- - - 27,277 728,296 0.00 28,098 - - - - - 28,098 750,217 0.00
- - - 80,881 5,483,732 0.01 83,316 - - - - - 83,316 5,648,825 0.01
- - - 5,049,259 27,770,925 0.05 50,741 5,000,000 - - - - 5,050,741 27,779,076 0.06
- - - 900,000 146,700,000 0.29 - 900,000 - - - - 900,000 146,700,000 0.29
- - - 147,777 487,664 0.00 152,223 - - - - - 152,223 502,336 0.00
- - - 704,745 - - 725,947 - - - - - 725,947 - - B
- - - 600,000 95,550,000 0.19 - 600,000 - - - - 600,000 95,550,000 0.19
- - - 636,624 21,008,592 0.04 655,776 - - - - - 655,776 21,640,608 0.04
- - - 763,395 5,343,765 0.01 786,360 - - - - - 786,360 5,504,520 0.01
- - - 12,604,138 659,052,409 1.29 6,287,778 6,500,000 - - - - 12,787,778 670,764,346 1.34
2006 Demerger
Issue FUND
effects/Adj.
PAPER & BOARD
365 ADAMJEE PAPER 547,729 - - - - - 547,729 - 269,806 - -

366 B.P. BOARD 1,585,759 - - - - - 1,585,759 - 781,130 - -
367 CENTRAL FOREST 300,000 - - - - - 300,000 - 147,777 - -
368 CENTURY PAPER - - - - - - - - - 5,000,000 -
369 CHERAT PAPER 316 - - - - - 316 17,617 155 - -
370 DADABHOY SACK 100,000 - - - - - 100,000 - 49,259 - -
371 MERIT PACKAGING 805,144 - - - - - 805,144 68,437,240 396,606 - -
372 PACKAGES LIMITED - - - - - - - - - 3,900,000 -
373 PAKISTAN PAPER PRODUCTS 391,808 - - - - - 391,808 29,189,696 193,001 - -
374 PAKISTAN PAPERSACK 3,072,654 - - - (3,072,654) - - - - - -
375 SECURITY PAPER - - - - - - - - - 1,250,000 -
376 CHILYA C. BOARD 87,700 - - - - - 87,700 - 43,200 - -
377 PAK PAPER CORPORATION 210,822 - - - - - 210,822 - 103,848 - -
378 PREMIER BOARD 60,900 - - - - - 60,900 - 29,998 - -
TOTAL 7,162,832 - - - (3,072,654) - 4,090,178 97,644,553 2,014,780 10,150,000 -
VANASPATI & ALLIED INDUSTRIES
379 AL-HUSSAIN INDUSTRIES 125,000 - - - - - 125,000 - 61,573 - -

380 ASSOCIATED INDUSTRIES 169,476 - - - - 169,476 - - - - -
381 FAZAL VEGITABLE GHEE 85,275 - - - - - 85,275 - 42,005 - -
382 KAKAKHEL PAKISTAN LIMITED 929 - - - - - 929 1 457 - -
383 MORAFCO INDUSTRIES 116,546 - - - - - 116,546 - 57,409 - -
384 PAKISTAN GHEE 119,000 - - - - - 119,000 - 58,618 - -
385 PUNJAB OIL 396,544 - - - - - 396,544 10,171,354 195,333 - -
386 SURAG GHEE 110,283 - - - - - 110,283 - 54,324 - -
TOTAL 1,123,053 - - - - 169,476 953,577 10,171,355 469,719 - -
LEATHER & TANNERIES
387 BATA (PAK) LIMITED 2,113,267 - - - 100,000 - 2,213,267 486,918,740 1,090,234 - -

388 FATEH INDUSTRIES 46,853 - - - (35) - 46,818 - 23,062 - -
389 H-SHAIKH 229,445 - - - - - 229,445 - 113,022 - -
TOTAL 2,389,565 - - - 99,965 - 2,489,530 486,918,740 1,226,318 - -
FOOD & PERSONAL CARE-PRODUCT
390 UNILEVER PAKISTAN - - - - - - - - - 111,000 -

391 NESTLE MILKPACK - - - - - - - - - 98,000 -
392 MITCHELLS FRUIT FARM 1,141,320 - - - - - 1,141,320 81,946,776 562,203 - -
393 MUBARIK DARIES 112,500 - - - - - 112,500 - 55,416 - -
394 NOON PAKISTAN 504 - - - - - 504 78,120 248 - -
395 SHEZAN INTERNATIONAL 1,930,570 - - - - - 1,930,570 386,114,000 950,981 - -
396 UQAB BREDING 283,700 - - - - - 283,700 - 139,748 - -
397 TREAT CORPORATION 720,811 - - - - - 720,811 149,928,688 355,064 - -
398 ZULFIQAR INDUSTTRIES 519,891 - - - - - 519,891 73,590,571 256,093 - -
TOTAL 4,709,296 - - - - - 4,709,296 691,658,155 2,319,753 209,000 -
GLASS & CERAMICS
399 BALUCHISTAN GLASS 1,200,864 - - - - - 1,200,864 13,149,461 591,534 - -

400 DADABHOY PUDABLE 100,000 - - - - - 100,000 - 49,259 - -
401 EMCO (N.L.) 671,412 - - - - - 671,412 8,996,921 330,731 - -
402 KARAM CERAMICS 545,445 - - 181,796 - - 727,241 10,399,546 358,232 - -
403 MEDI GLASS 600,000 - - - - - 600,000 - 295,554 - -
404 REGAL CERAMICS 182,600 - - - - - 182,600 - 89,947 - -
405 SHABBIR TILES 2,265,862 - 453,172 - - - 2,719,034 87,552,895 1,339,371 - -
TOTAL 5,566,183 - 453,172 181,796 - - 6,201,151 120,098,823 3,054,628 - -
MISCELLANEOUS
406 PAK. GERMAN 140,250 - - - - - 140,250 - 69,085 - -

407 NATIONAL OVER 50,000 - - - - - 50,000 - 24,629 - -
408 ADAMJEE FLOOR 120,000 - - - - - 120,000 - 59,110 - -
409 GRAYS OF CAMBRIDGE 142,516 - - - - - 142,516 27,078,040 70,202 - -
410 HASHIMI CAN 326,815 - - - - - 326,815 - 160,986 - -
411 PAKISTAN SERVICES LIMITED - - - - - - - - - 750,000 -
412 SYED MATCH 30,000 - - - - - 30,000 570,000 14,777 - -
413 TAWAKKAL LIMITED 229,937 - - - - - 229,937 - 113,264 - -
414 TURBO TEC. 346,900 - - - - - 346,900 - 170,879 - -
415 UNITED BRAND 16,275 - - - - - 16,275 480,113 8,016 - -
416 UNITED DISTRIBUTOR 725,940 - - - - - 725,940 - 357,591 - -
417 ARAG INDUSTRIES LTD 384,134 - - - - - 384,134 - 189,220 - -
418 GYPSUM CORPORATION 335,000 - - - - - 335,000 - 165,017 - -
419 NATIONAL MATCH INDUSTRIES 53,700 - - - - - 53,700 - 26,452 - -
TOTAL 2,901,467 - - - - - 2,901,467 28,128,153 1,429,228 750,000 -
Total portfolio categorised

as available for Sales 615,810,375 113,659,815 19,151,558 3,723,356 31,597,415 37,766,405 746,176,114 35,669,554,782 367,559,326 180,225,665 1,816,246
30
Merger / Merger /
PAPER & BOARD
- - - 269,806 - - 277,923 - - - - - 277,923 - - B

- - - 781,130 - - 804,629 - - - - - 804,629 - - B
- - - 147,777 - - 152,223 - - - - - 152,223 - - B
- - - 5,000,000 312,750,000 0.61 - 5,000,000 - - - - 5,000,000 312,750,000 0.63
- - - 155 23,948 0.00 161 - - - - - 161 24,875 0.00
- - - 49,259 - - 50,741 - - - - - 50,741 - - B
- - - 396,606 52,708,937 0.10 408,538 - - - - - 408,538 54,294,700 0.11
- - - 3,900,000 1,244,295,000 2.44 - 3,900,000 - - - - 3,900,000 1,244,295,000 2.49
- - - 193,001 20,072,104 0.04 198,807 - - - - - 198,807 20,675,928 0.04
- - - - - - - - - - - - - - -
- - - 1,250,000 142,437,500 0.28 - 1,250,000 - - - - 1,250,000 142,437,500 0.28
- - - 43,200 - - 44,500 - - - - - 44,500 - - B
- - - 103,848 - - 106,974 - - - - - 106,974 - - B
- - - 29,998 - - 30,902 - - - - - 30,902 - - B
- - - 12,164,780 1,772,287,489 3.48 2,075,398 10,150,000 - - - - 12,225,398 1,774,478,003 3.55
- - - 61,573 - - 63,427 - - - - - 63,427 - - B

- - - - - - - - - - - - - - -
- - - 42,005 - - 43,270 - - - - - 43,270 - - B
- - - 457 - - 472 - - - - - 472 1 0.00
- - - 57,409 - - 59,137 - - - - - 59,137 - - B
- - - 58,618 - - 60,382 - - - - - 60,382 - - B
- - - 195,333 4,492,659 0.01 201,211 - - - - - 201,211 4,627,853 0.01
- - - 54,324 - - 55,959 - - - - - 55,959 - - B
- - - 469,719 4,492,659 0.01 483,858 - - - - - 483,858 4,627,854 0.01
LEATHER & TANNERIES
- - - 1,090,234 425,845,400 0.84 1,123,033 - - - - - 1,123,033 438,656,690 0.88

- - - 23,062 - - 23,756 - - - - - 23,756 - - B
- - - 113,022 - - 116,423 - - - - - 116,423 - - B
- - - 1,226,318 425,845,400 0.84 1,263,212 - - - - - 1,263,212 438,656,690 0.88
- - - 111,000 248,085,000 0.49 - 111,000 - - - - 111,000 248,085,000 0.50

- - - 98,000 151,410,000 0.30 - 98,000 - - - - 98,000 151,410,000 0.30
- - - 562,203 42,727,428 0.08 579,117 - - - - - 579,117 44,012,892 0.09
- - - 55,416 - - 57,084 - - - - - 57,084 - - B
- - - 248 39,680 0.00 256 - - - - - 256 40,960 0.00
- - - 950,981 212,068,763 0.42 979,589 - - - - - 979,589 218,448,347 0.44
- - - 139,748 - - 143,952 - - - - - 143,952 - - B
- - - 355,064 112,164,718 0.22 365,747 - - - - - 365,747 115,539,477 0.23
- - - 256,093 38,413,950 0.08 263,798 - - - - - 263,798 39,569,700 0.08
- - - 2,528,753 804,909,539 1.58 2,389,543 209,000 - - - - 2,598,543 817,106,376 1.63
GLASS & CERAMICS
- - - 591,534 8,044,862 0.02 609,330 - - - - - 609,330 8,286,888 0.02

- - - 49,259 - - 50,741 - - - - - 50,741 - - B
- - - 330,731 4,282,966 0.01 340,681 - - - - - 340,681 4,411,819 0.01
- - - 358,232 5,731,712 0.01 369,009 - - - - - 369,009 5,904,144 0.01
- - - 295,554 - - 304,446 - - - - - 304,446 - - B
- - - 89,947 - - 92,653 - - - - - 92,653 - - B
- - - 1,339,371 62,280,752 0.12 1,379,663 - - - - - 1,379,663 64,154,330 0.13
- - - 3,054,628 80,340,292 0.16 3,146,523 - - - - - 3,146,523 82,757,180 0.17
MISCELLANEOUS
- - - 69,085 - - 71,165 - - - - - 71,165 - - B

- - - 24,629 - - 25,371 - - - - - 25,371 - - B
- - - 59,110 - - 60,890 - - - - - 60,890 - - B
- - - 70,202 16,848,480 0.03 72,314 - - - - - 72,314 17,355,360 0.03
- - - 160,986 - - 165,829 - - - - - 165,829 - - B
- - - 750,000 349,500,000 0.69 - 750,000 - - - - 750,000 349,500,000 0.70
- - - 14,777 280,763 0.00 15,223 - - - - - 15,223 289,237 0.00
- - - 113,264 - - 116,673 - - - - - 116,673 - - B
- - - 170,879 - - 176,021 - - - - - 176,021 - - B
- - - 8,016 220,841 0.00 8,259 - - - - - 8,259 227,535 0.00
- - - 357,591 - - 368,349 - - - - - 368,349 - - B
- - - 189,220 - - 194,914 - - - - - 194,914 - - B
- - - 165,017 - - 169,983 - - - - - 169,983 - - B
- - - 26,452 - - 27,248 - - - - - 27,248 - - B
- - - 2,179,228 366,850,084 0.72 1,472,239 750,000 - - - - 2,222,239 367,372,132 0.73
9,487,299 24 1,528,900 557,559,660 39,588,845,499 78 378,616,797 180,232,335 1,870,883 9,772,703 26 1,546,300 568,946,444 40,239,716,590 80.46
AS HELD FOR TRADING AS AT 30 JUNE 2007
2006 Demerger
Issue FUND
effects/Adj.
1 PICIC GROWTH FUND 76,011 - - - - - 76,011 2,390,546 37,442 - -

2 PAKISTAN STRATEGIC ALLOCATION FUND 2,515,000 - - - - - 2,515,000 21,251,750 1,238,865 - -
3 PICIC ENERGY FUND 3,000,000 - - - - - 3,000,000 20,850,000 1,477,772 - -
TOTAL 5,591,011 - - - - - 5,591,011 44,492,296 2,754,079 - -
MODARABA
4 AL-NOOR MODARABA 2,100,000 - - - - - 2,100,000 7,350,000 1,034,440 - -

5 AL-ZAMIN LEASING MODARABA 4,693,809 - - - - - 4,693,809 36,611,710 2,312,127 - -
6 B.F. MODARABA 636,453 - 95,467 - 75 - 731,995 3,659,975 360,574 - -
7 BRR GUARDIAN MODARAB 4,112,803 - - - - - 4,112,803 26,733,220 2,025,928 - -
8 ELITE CAPITAL MODARABA 1,879,086 - - - - - 1,879,086 6,200,984 925,620 - -
9 EQUITY MODARABA 3,613,772 - - - - - 3,613,772 10,841,316 1,780,110 - -
10 CRESCENT STANDARD MOD 376,000 - - - - - 376,000 394,800 185,214 - -
11 FIRST FIDALITY LEASE 2,087,084 - - - - - 2,087,084 11,478,962 1,028,078 - -
12 STANDARD CHARTERED MODARABA 5,541,152 - 554,115 - 4 - 6,095,271 77,714,705 3,002,474 - -
13 GUARDIAN MODARABA 1,631,300 - - - - - 1,631,300 12,887,270 803,563 - -
14 I.B.L. MODARABA 2,896,470 - - - - - 2,896,470 13,758,233 1,426,774 - -
15 MEHRAN MODARABA 1,396,181 - - - - - 1,396,181 2,513,126 687,745 - -
16 MODARABA AL-MALI 278,993 - - - 13,969 - 292,962 1,640,587 144,310 - -
17 MODARABA AL-TIJARAH 635,620 - - - (635,620) - - - - - -
18 FIRST PRUDENTIAL MODARABA 692,769 - - - - - 692,769 900,600 341,251 - -
19 PUNJAB MODARABA 2,371,206 - - - - - 2,371,206 18,969,648 1,168,034 - -
20 TRI-STAR MODARABA IST 603,500 - - - - - 603,500 603,500 297,278 - -
21 U.D.L. MODARABA 3,480,832 - - - - - 3,480,832 19,840,742 1,714,625 - -
22 UNICAP MODARABA 708,900 - - - - - 708,900 496,230 349,197 - -
TOTAL 39,735,930 - 649,582 - (621,572) - 39,763,940 252,595,607 19,587,342 - -
LEASING COMPANIES
23 ASKARI LEASING 1,958,104 - 293,715 - 45 - 2,251,864 59,674,396 1,109,247 - -

24 CAPITAL ASSETS LEASE 75 - - - - - 75 188 36 - -
25 CRESCENT LEASING 262,735 - - - - - 262,735 2,601,077 129,420 - -
26 ENGLISH LEASING 1,435,800 - - - - - 1,435,800 4,307,400 707,261 - -
27 NATIONAL ASSETS 538,000 - - - - - 538,000 322,800 265,013 - -
28 NATOVER LEASE & REFINANCE 1,480,639 - - - - - 1,480,639 17,027,349 729,349 - -
29 NATOVER LEASE (PREF 15%) - - - - - - - - - - -
30 NETWORK LEASING 500,000 - - - - - 500,000 1,700,000 246,295 - -
31 NATOVER LEASE (PREF 11%) 2,000,000 - - - - 2,000,000 - - - - -
32 SAUDI PAK. LEASING 257,502 - - - - - 257,502 1,957,015 126,843 - -
33 UNION LEASING 1,571,130 - - - - - 1,571,130 12,804,710 773,924 - -
TOTAL 10,003,985 - 293,715 - 45 2,000,000 8,297,745 100,394,933 4,087,388 - -
34 JS ABAMCO LIMITED - - - - - - - - - 34,480 -

35 TRUST INVESTMENT BANK 51 - 7 - 15 - 73 2,643 35 - -
36 JAHANGIR SIDDIQUI & COMPANY 1,048,983 - - - - - 1,048,983 165,686,865 516,719 - -
37 P.I.C.I.C. 54,931,898 7,753,500 5,493,189 - - - 68,178,587 4,394,109,932 33,584,145 - -
38 FIRST DAWOOD INVESTMENT BANK 152,689 - 22,903 - - - 175,592 3,160,656 86,495 - -
TOTAL 56,133,621 7,753,500 5,516,099 - 15 - 69,403,235 4,562,960,096 34,187,394 34,480 -
COMMERCIAL BANK
39 ASKARI BANK LIMITED 14,606,981 - 6,553,490 - - 1,500,000 19,660,471 1,514,839,291 9,684,567 200,000 -
40 BANK AL-HABIB LIMITED 46,127,895 - 18,451,158 - - - 64,579,053 3,629,342,779 31,811,048 - -
41 BANK OF PUNJAB 2,536,578 2,400,000 182,512 - - 4,375,000 744,090 64,661,421 366,531 - -
42 BANK OF PUNJAB-RIGHT - - - 457 - 457 - - - - -
43 FAYSAL BANK LIMITED 12,003,301 - - - - 3,000,000 9,003,301 574,860,769 4,434,943 100,000 -
44 MEAZAN BANK LIMITED 175 - 17 - - - 192 3,763 94 - -
45 NATIONAL BANK OF PAKISTAN 2,056,678 750,000 1,001 - - 2,800,000 7,679 1,761,179 3,782 125,000 -
46 HABIB METROPOLITAN BANK 40,856,357 - - - - 5,000,000 35,856,357 3,323,884,294 17,662,511 - 11,833,882
47 MCB BANK LIMITED 30,000 - 4,500 - - - 34,500 9,337,425 16,994 - -
48 PICIC COMMERCIAL BANK 1,717,140 - - - - - 1,717,140 55,635,336 845,847 - -
49 PRIME COMERCIAL. BANK 1,467,595 - - - - 1,467,595 - - - - -
50 BANK ALFALAH LIMITED - 500,000 150,000 - - - 650,000 29,737,500 320,184 - -
51 CRESCENT COMM.BANANK (MB) 27,029,839 301,500 - - - 2,102,000 25,229,339 454,128,102 12,427,740 - -
52 SAUDI PAK COMM BANK 2,340,990 - - 702,297 - - 3,043,287 50,975,057 1,499,095 - -
53 SONERI BANK LIMITED 50,158,537 412,138 12,975,909 12,539,634 (2,058) 43,700,000 32,384,160 1,577,117,748 15,952,139 - -
54 UNION BANK LIMITED 1,311,957 - - - - 1,311,957 - - - - -
55 ALLIED BANK LIMITED 1,430,944 - 286,189 - - - 1,717,133 160,637,792 845,844 - -
56 NIB BANK LIMITED 6,614,624 - - - - 1,470,000 5,144,624 113,181,728 2,534,194 - -
57 NIB BANK LIMITED-RIGHT - - - - - - - - - - -
TOTAL 210,289,591 4,363,638 38,604,776 13,242,388 (2,058) 66,727,009 199,771,326 11,560,104,183 98,405,513 425,000 11,833,882
31
Merger / Merger /
- - - 37,442 1,265,540 0.00 38,569 - - - - - 38,569 1,303,632 0.00

- - - 1,238,865 13,008,083 0.03 1,276,135 - - - - - 1,276,135 13,399,418 0.03
- - - 1,477,772 11,083,290 0.02 1,522,228 - - - - - 1,522,228 11,416,710 0.02
- - - 2,754,079 25,356,912 0.05 2,836,932 - - - - - 2,836,932 26,119,760 0.05
MODARABA
- - - 1,034,440 4,603,258 0.01 1,065,560 - - - - - 1,065,560 4,741,742 0.01

- - - 2,312,127 20,924,749 0.04 2,381,682 - - - - - 2,381,682 21,554,222 0.04
- - - 360,574 2,019,214 0.00 371,421 - - - - - 371,421 2,079,958 0.00
- 980,346 - 3,006,274 26,154,584 0.05 2,086,875 - - - 1,009,839 - 3,096,714 26,941,412 0.05
- - - 925,620 3,980,166 0.01 953,466 - - - - - 953,466 4,099,904 0.01
- - - 1,780,110 8,544,528 0.02 1,833,662 - - - - - 1,833,662 8,801,578 0.02
- - - 185,214 314,864 0.00 190,786 - - - - - 190,786 324,336 0.00
- - - 1,028,078 7,659,181 0.02 1,059,006 - - - - - 1,059,006 7,889,595 0.02
- - - 3,002,474 40,833,646 0.08 3,092,797 - - - - - 3,092,797 42,062,039 0.08
- (803,563) - - - - 827,737 - - - (827,737) - - - -
- - - 1,426,774 7,133,870 0.01 1,469,696 - - - - - 1,469,696 7,348,480 0.01
- - - 687,745 1,994,461 0.00 708,436 - - - - - 708,436 2,054,464 0.00
- - - 144,310 1,298,790 0.00 148,652 - - - - - 148,652 1,337,868 0.00
- - - - - - - - - - - - - - -
- - - 341,251 648,377 0.00 351,518 - - - - - 351,518 667,884 0.00
- - - 1,168,034 9,344,272 0.02 1,203,172 - - - - - 1,203,172 9,625,376 0.02
- - - 297,278 579,692 0.00 306,222 - - - - - 306,222 597,133 0.00
- - - 1,714,625 9,601,900 0.02 1,766,207 - - - - - 1,766,207 9,890,759 0.02
- - - 349,197 226,978 0.00 359,703 - - - - - 359,703 233,807 0.00
- 176,783 - 19,764,125 145,862,530 0.29 20,176,598 - - - 182,102 - 20,358,700 150,250,557 0.30
LEASING COMPANIES
- - 1,000,000 109,247 3,577,839 0.01 1,142,617 - - - - 1,000,000 142,617 4,670,707 0.01

- - - 36 198 0.00 39 - - - - - 39 215 0.00
- - - 129,420 1,035,360 0.00 133,315 - - - - - 133,315 1,066,520 0.00
- - - 707,261 3,889,936 0.01 728,539 - - - - - 728,539 4,006,965 0.01
- - - 265,013 265,013 0.00 272,987 - - - - - 272,987 272,987 0.00
- - - 729,349 7,074,685 0.01 751,290 - - - - - 751,290 7,287,513 0.01
- - - - - - - - - - - - - - -
- - - 246,295 1,182,216 0.00 253,705 - - - - - 253,705 1,217,784 0.00
- - - - - - - - - - - - - - -
- - - 126,843 1,205,009 0.00 130,659 - - - - - 130,659 1,241,261 0.00
- - - 773,924 8,590,556 0.02 797,206 - - - - - 797,206 8,848,987 0.02
- - 1,000,000 3,087,388 26,820,812 0.05 4,210,357 - - - - 1,000,000 3,210,357 28,612,937 0.06
- - - 34,480 2,548,072 0.01 - 35,517 - - - - 35,517 2,624,706 0.01

- - - 35 1,295 0.00 38 - - - - - 38 1,406 0.00
- - 516,719 - - - 532,264 - - - - 532,264 - - -
- - 33,584,145 - - - 34,594,442 - - - - 34,594,442 - - -
- - - 86,495 2,504,030 0.00 89,097 - - - - - 89,097 2,579,358 0.01
- - 34,100,864 121,010 5,053,397 0.01 35,215,841 35,517 - - - 35,126,706 124,652 5,205,470 0.01
COMMERCIAL BANK
- - 9,650,000 234,567 24,840,645 0.05 9,975,904 200,000 - - - 9,650,000 525,904 55,693,234 0.11
- - 30,000,000 1,811,048 120,434,692 0.24 32,768,005 - - - - 30,000,000 2,768,005 184,072,333 0.37
- - 250,000 116,531 13,575,862 0.03 377,559 - - - - 250,000 127,559 14,860,624 0.03
- - - - - - - - - - - - - - -
- - 4,500,000 34,943 2,585,782 0.01 4,568,358 100,000 - - - 4,500,000 168,358 12,458,492 0.02
- - - 94 3,008 0.00 98 - - - - - 98 3,136 0.00
- - - 128,782 33,740,884 0.07 3,897 125,000 - - - - 128,897 33,771,014 0.07
- - 29,200,000 296,393 22,822,261 0.04 18,193,846 - 12,189,877 - - 29,200,000 1,183,724 91,146,748 0.18
- - 16,994 - - - 17,506 - - - - 17,506 - - -
- - - 845,847 37,217,268 0.07 871,293 - - - - - 871,293 38,336,892 0.08
- - - - - - - - - - - - - - -
- - - 320,184 20,843,978 0.04 329,816 - - - - - 329,816 21,471,022 0.04
- - 10,150,000 2,277,740 51,135,263 0.10 12,801,599 - - - - 10,150,000 2,651,599 59,528,398 0.12
- - - 1,499,095 37,702,239 0.07 1,544,192 - - - - - 1,544,192 38,836,429 0.08
- - 14,000,000 1,952,139 110,198,247 0.22 16,432,021 - - - - 14,000,000 2,432,021 137,287,585 0.27
- - - - - - - - - - - - - - -
- - 800,000 45,844 6,370,024 0.01 871,289 - - - - 800,000 71,289 9,905,607 0.02
- - - 2,534,194 53,218,074 0.10 2,610,430 - - - - - 2,610,430 54,819,030 0.11
14,064,776 - - 14,064,776 128,692,700 0.25 - - - 14,487,886 - - 14,487,886 132,564,166 0.27
14,064,776 - 98,566,994 26,162,177 663,380,927 1.30 101,365,813 425,000 12,189,877 14,487,886 - 98,567,506 29,901,071 884,754,708 1.77
2006 Demerger
Issue FUND
effects/Adj.
INSURANCE
58 PICIC INSURANCE - - 2,037,101 - - - 2,037,101 65,187,232 1,003,457 - -

TOTAL - - 2,037,101 - - - 2,037,101 65,187,232 1,003,457 - -
TEXTILE SPINNING
59 DIN TEXTILE 38,456 - - - - - 38,456 999,856 18,943 - -

60 GADOON TEXTILE 3,072,325 - - - - - 3,072,325 175,122,525 1,513,399 - -
61 D.S.INDUSTRIES 971,500 - - - - - 971,500 23,704,600 478,551 - -
62 MAQBOOL TEXTILE 499,143 - - - - - 499,143 7,162,702 245,873 - -
63 PREMIUM TEXTILE 4,500 - - - - - 4,500 184,500 2,216 - -
64 SAIF TEXTILE 93,879 - - - - - 93,879 1,229,815 46,244 - -
TOTAL 4,679,803 - - - - - 4,679,803 208,403,998 2,305,226 - -
TEXTILE COMPOSITE
65 KOHINOOR MILLS (WEAVING) 4,563,980 - 456,398 - 60 - 5,020,438 153,123,359 2,473,021 - -

66 KOHINOOR MILLS (WEAVING) -RIGHT - - - - - - - - - - -
67 BLESSED TEXTILE 65,000 - - - - - 65,000 4,160,000 32,018 - -
68 NISHAT CHUNNIAN MILLS 5,343,246 - - - - - 5,343,246 200,371,725 2,632,033 - -
69 CRESCENT TEXTILE 3,456,253 - 345,625 - 21 - 3,801,899 180,590,203 1,872,780 - -
70 FATEH TEXTILE 118,000 - - - - - 118,000 65,962,000 58,125 - -
71 GUL AHMED TEXTILE 1,255,980 - - 251,196 - - 1,507,176 53,881,542 742,421 - -
72 KOHINOOR TEXTILE 105,679 - 10,568 - - - 116,247 1,854,140 57,262 - -
73 KOHINOOR TEXTILE-RIGHT - - - 29,062 - - 29,062 172,917 14,315 - -
74 AZGARDS NINE LIMITED 2,283,444 - - - - 760,000 1,523,444 35,039,212 750,434 - -
75 MAHMOOD TEXTILE 152,518 - - - - - 152,518 12,964,030 75,128 - -
76 NISHAT MILLS 5,501,830 - 550,183 - 15,131 5,000,000 1,067,144 107,354,686 525,665 - -
77 SAPPHIRE FIBRE MILLS 654,809 - - - - - 654,809 73,338,608 322,552 - -
78 SAPPHIRE TEXTILE MILLS 1,159,406 - - - - - 1,159,406 72,694,756 571,112 - -
TOTAL 24,660,145 - 1,362,774 280,258 15,212 5,760,000 20,558,389 961,507,178 10,126,866 - -
WOOLEN
79 BANNU WOOLLEN 506,801 - - - - - 506,801 14,139,748 249,645 - -

TOTAL 506,801 - - - - - 506,801 14,139,748 249,645 - -
SYNTHETIC & RAYON
80 DEWAN SALMAN FIBRE LIMITED 11,707,458 - - - - - 11,707,458 91,903,545 5,766,986 - -

81 GATRON INDUSTRIES 1,500 - - - - - 1,500 132,000 738 - -
82 IBRAHIM FIBRES 3,691,767 - - - - - 3,691,767 119,982,428 1,818,530 - -
83 PAKISTAN SYNTHETIC 5,392,475 - - - - - 5,392,475 35,051,088 2,656,283 - -
84 RUPALI POLYESTER 3,252,645 - - - - - 3,252,645 97,579,350 1,602,223 - -
TOTAL 24,045,845 - - - - - 24,045,845 344,648,410 11,844,760 - -
JUTE
85 THAL LIMITED 632,321 - 126,464 - - - 758,785 148,721,860 373,770 - -

TOTAL 632,321 - 126,464 - - - 758,785 148,721,860 373,770 - -
86 HABIB ADM 241,616 - - - - - 241,616 3,310,139 119,017 - -

TOTAL 241,616 - - - - - 241,616 3,310,139 119,017 - -
CEMENT
87 CHERAT CEMENT 11,266,776 - 1,690,016 - - 10,000,000 2,956,792 139,708,422 1,456,488 - -

88 D.G. KHAN CEMENT 1,334,815 250,000 148,101 396,203 10 500,000 1,629,129 140,919,659 802,493 - -
89 D.G. KHAN CEMENT - RIGHT 396,203 - - (396,203) - - - - - - -
90 AL-ABBAS CEMENT 1,000,005 - - - - - 1,000,005 9,600,048 492,593 - -
91 AL-ABBAS CEMENT-RIGHT - - - 600,003 - - 600,003 - 295,555 - -
92 LUCKY CEMENT 9,944,735 500,000 - - - 9,400,000 1,044,735 82,847,486 514,626 - -
93 MAPLE LEAF CEMENT FACTORY 5,246,832 - - - - 500,000 4,746,832 86,629,684 2,338,245 - -
94 MAPLE LEAF CEMENT FACTORY-RIGHT - - - - 1,186,708 - 1,186,708 9,790,341 584,561 - -
95 ATTOCK CEMENT 460,500 - - - - - 460,500 44,438,250 226,838 - -
TOTAL 29,649,866 750,000 1,838,117 600,003 1,186,718 20,400,000 13,624,704 513,933,889 6,711,399 - -
TOBACCO
96 LAKSON TOBACCO 1,761,178 - - - - 1,761,178 - - - - -

97 PAKISTAN TOBACCO 3,561,199 - - - - - 3,561,199 286,676,520 1,754,214 - -
TOTAL 5,322,377 - - - - 1,761,178 3,561,199 286,676,520 1,754,214 - -
REFINERY
98 ATTOCK REFINERY LIMITED 4,480,383 - 1,120,095 - 25 - 5,600,503 416,677,423 2,758,756 - -

99 BOSICOR PAKISTAN - - - - - - - - - - -
32
Merger / Merger /
INSURANCE
- - 1,003,457 - - - 1,033,644 - - - - 1,033,644 - - -

- - 1,003,457 - - - 1,033,644 - - - - 1,033,644 - - -
TEXTILE SPINNING
- - - 18,943 528,510 0.00 19,513 - - - - - 19,513 544,413 0.00

- - 1,000,000 513,399 39,942,442 0.08 1,558,926 - - - - 1,000,000 558,926 43,484,443 0.09
- - - 478,551 18,519,924 0.04 492,949 - - - - - 492,949 19,077,126 0.04
- - - 245,873 3,811,032 0.01 253,270 - - - - - 253,270 3,925,685 0.01
- - - 2,216 77,560 0.00 2,284 - - - - - 2,284 79,940 0.00
- - - 46,244 742,216 0.00 47,635 - - - - - 47,635 764,542 0.00
- - 1,000,000 1,305,226 63,621,683 0.12 2,374,577 - - - - 1,000,000 1,374,577 67,876,149 0.14
TEXTILE COMPOSITE
- - 1,800,000 673,021 19,854,120 0.04 2,547,417 - - - - 1,800,000 747,417 22,048,802 0.04

989,208 - - 989,208 9,397,476 0.02 - - - 1,018,967 - - 1,018,967 9,680,187 0.02
- - - 32,018 2,353,323 0.00 32,982 - - - - - 32,982 2,424,177 0.00
- - 2,200,000 432,033 17,778,158 0.03 2,711,213 - - - - 2,200,000 511,213 21,036,415 0.04
- - 1,700,000 172,780 11,921,820 0.02 1,929,119 - - - - 1,700,000 229,119 15,809,211 0.03
- - - 58,125 31,910,625 0.06 59,875 - - - - - 59,875 32,871,375 0.07
- - - 742,421 33,891,519 0.07 764,755 - - - - - 764,755 34,911,066 0.07
14,315 - - 71,577 1,914,685 0.00 58,985 - - 14,747 - - 73,732 1,972,331 0.00
(14,315) - - (0) - - 14,747 - - (14,747) - - - - -
- - 450,000 300,434 15,862,915 0.03 773,010 - - - - 450,000 323,010 17,054,928 0.03
- - - 75,128 7,775,748 0.02 77,390 - - - - - 77,390 8,009,865 0.02
- - 350,000 175,665 22,915,499 0.04 541,479 - - - - 350,000 191,479 24,978,436 0.05
- - - 322,552 58,930,250 0.12 332,257 - - - - - 332,257 60,703,354 0.12
- - - 571,112 58,167,757 0.11 588,294 - - - - - 588,294 59,917,744 0.12
989,208 - 6,500,000 4,616,074 292,673,895 0.57 10,431,523 - - 1,018,967 - 6,500,000 4,950,490 311,417,889 0.62
WOOLEN
- - - 249,645 12,981,540 0.03 257,156 - - - - - 257,156 13,372,112 0.03

- - - 249,645 12,981,540 0.03 257,156 - - - - - 257,156 13,372,112 0.03
SYNTHETIC & RAYON
- - 4,000,000 1,766,986 18,641,702 0.04 5,940,472 - - - - 4,000,000 1,940,472 20,471,980 0.04

- - - 738 124,980 0.00 762 - - - - - 762 129,045 0.00
- - 1,800,000 18,530 1,056,210 0.00 1,873,237 - - - - 1,800,000 73,237 4,174,509 0.01
- - - 2,656,283 24,703,432 0.05 2,736,192 - - - - - 2,736,192 25,446,586 0.05
- - 1,400,000 202,223 8,594,478 0.02 1,650,422 - - - - 1,400,000 250,422 10,642,935 0.02
- - 7,200,000 4,644,760 53,120,802 0.10 12,201,085 - - - - 7,200,000 5,001,085 60,865,054 0.12
JUTE
- - 370,000 3,770 1,051,830 0.00 385,015 - - - - 370,000 15,015 4,189,185 0.01

- - 370,000 3,770 1,051,830 0.00 385,015 - - - - 370,000 15,015 4,189,185 0.01
- - - 119,017 1,773,353 0.00 122,599 - - - - - 122,599 1,826,725 0.00

- - - 119,017 1,773,353 0.00 122,599 - - - - - 122,599 1,826,725 0.00
CEMENT
- - 1,400,000 56,488 3,191,572 0.01 1,500,304 - - - - 1,400,000 100,304 5,667,176 0.01

- - 600,000 202,493 23,590,435 0.05 826,636 - - - - 600,000 226,636 26,403,094 0.05
- - - - - - - - - - - - - - -
295,555 - - 788,148 11,546,368 0.02 507,412 - - 304,448 - - 811,860 11,893,749 0.02
(295,555) - - - - - 304,448 - - (304,448) - - - - -
- - 400,000 114,626 15,789,732 0.03 530,109 - - - - 400,000 130,109 17,922,515 0.04
584,561 - 2,000,000 922,806 22,516,466 0.04 2,408,587 - - 602,147 - 2,000,000 1,010,734 24,661,910 0.05
(584,561) - - - - - 602,147 - - (602,147) - - - - -
- - 200,000 26,838 3,286,313 0.01 233,662 - - - - 180,000 53,662 6,570,912 0.01
- - 4,600,000 2,111,399 79,920,886 0.16 6,913,305 - - - - 4,580,000 2,333,305 93,119,355 0.19
TOBACCO
- - - - - - - - - - - - - - -
- - 1,724,100 30,114 4,727,898 0.01 1,806,985 - - - - 1,728,700 78,285 12,290,745 0.02
- - 1,724,100 30,114 4,727,898 0.01 1,806,985 - - - - 1,728,700 78,285 12,290,745 0.02
REFINERY
- - 2,450,000 308,756 35,985,512 0.07 2,841,747 - - - - 2,450,000 391,747 45,658,113 0.09

- - - - - - - - - - - - - - -
2006 Demerger
Issue FUND
effects/Adj.
100 NATIONAL REFINERY 8,353,157 - - - - 3,500,000 4,853,157 1,165,728,311 2,390,620 - -

101 PAKISTAN REFINERY 2,315,188 - 463,037 - - - 2,778,225 532,863,555 1,368,528 - -
TOTAL 15,148,728 - 1,583,132 - 25 3,500,000 13,231,885 2,115,269,290 6,517,904 - -
102 HUB POWER COMPANY 40,650,400 - - - - 5,000,000 35,650,400 1,032,079,080 17,561,059 - -

103 K.E.S.C. 18,616,184 - - - - - 18,616,184 126,590,051 9,170,161 - -
104 K.E.S.C.-RIGHT 2,423,731 - - (2,423,731) - - - - - - -
105 KOHINOOR ENERGY 1,559,850 - - - - - 1,559,850 38,996,250 768,367 - -
106 KOT ADDU POWR CO. 2,250,000 - - - - - 2,250,000 131,400,000 1,108,329 - -
TOTAL 65,500,165 - - (2,423,731) - 5,000,000 58,076,434 1,329,065,381 28,607,916 - -
107 PAKISTAN STATE OIL 1,908,835 - - - - - 1,908,835 677,731,867 940,274 - -

108 SHELL PAKISTAN 2,962 - 740 - 25 - 3,727 1,453,530 1,835 - -
109 SUI SOUTH GAS PIPELINE 12,775,844 - - - - 500,000 12,275,844 298,303,009 6,046,967 - -
110 SUI NORTHERN GAS PIPELINE 21,902 - 2,190 - - - 24,092 1,575,617 11,867 - -
111 ATTOCK PETROLEUM - - - - - - - - - - -
TOTAL 14,709,543 - 2,930 - 25 500,000 14,212,498 979,064,023 7,000,943 - -
112 MARI GAS 3,013,250 - - - - - 3,013,250 378,162,875 1,484,299 - -

113 PAK OILFEILDS 1,035,966 300,000 - - - 835,700 500,266 160,410,293 246,426 190,000 -
114 PAKISTAN PETROLEUM 82,300 1,050,000 - - - 310,000 822,300 201,751,305 405,057 800,000 -
115 OIL & GAS DEVELOPMENT CORP. 4,038,757 2,600,000 - - - 1,625,000 5,013,757 595,634,332 2,469,731 100,000 -
TOTAL 8,170,273 3,950,000 - - - 2,770,700 9,349,573 1,335,958,805 4,605,513 1,090,000 -
ENGINEERING
116 CRESCENT STEEL 20,886 - - 6,961 - - 27,847 1,308,809 13,717 - -

117 CRESCENT STEEL-RIGHT 6,961 - - (6,961) - - - - - - -
118 INTERNATIONAL INDUSTRIES 6,912,895 - 2,281,255 - - - 9,194,150 1,071,118,475 4,528,954 - -
TOTAL 6,940,742 - 2,281,255 - - - 9,221,997 1,072,427,284 4,542,671 - -
119 AL-GHAZI TRACTORS 1,007 - - - - - 1,007 211,974 496 - -

120 DEWAN FAROOQ MOTORS 11,000 - - - - - 11,000 151,800 5,418 - -
121 HINOPAK MOTOR 1,033,621 - - - - - 1,033,621 201,556,095 509,152 - -
122 HONDA ATLAS CARS 4,049,162 - - - - - 4,049,162 234,851,396 1,994,579 - -
123 INDUS MOTOR LIMITED 4,442,100 - - - - 200,000 4,242,100 1,018,528,210 2,089,619 - -
124 MILLAT TRACTOR 439,574 - 87,914 - 20 - 527,508 145,064,700 259,845 - -
125 PAK SUZUKI MOTOR COMPANY 3,280,467 - - - - - 3,280,467 1,705,678,817 1,615,927 - 807,963
TOTAL 13,256,931 - 87,914 - 20 200,000 13,144,865 3,306,042,991 6,475,036 - 807,963
126 PAK ELEKTRON LIMITED 3,675,305 - 918,826 - - 3,500,000 1,094,131 86,436,349 538,958 - -
127 PAK ELEKTRON-PREFERENCE 2,500,000 - - - - - 2,500,000 25,000,000 1,231,477 - -
128 SIEMENS ENGINEERING 1,982,810 - - - - - 1,982,810 2,002,638,100 976,713 - -
TOTAL 8,158,115 - 918,826 - - 3,500,000 5,576,941 2,114,074,449 2,747,148 - -
TRANSPORT
129 PAK.INT. AIRLINES(A) 4,833,704 - - - - - 4,833,704 34,560,984 2,381,038 - -

TOTAL 4,833,704 - - - - - 4,833,704 34,560,984 2,381,038 - -
130 P.T.C.L. "A" 9,074,150 - - - - 4,500,000 4,574,150 216,814,710 2,253,184 - -

131 TELECARD LIMITED 913,000 - - - - - 913,000 8,125,700 449,735 - -
132 WORLD TELCOM LTD. 816,500 - 122,475 - - - 938,975 10,798,213 462,530 - -
133 SOUTHERN NETWORK 611,583 - - - - - 611,583 2,813,282 301,260 - -
134 CALMATS TELIPS 38,170 - - - - 38,000 170 7,489 83 - -
TOTAL 11,453,403 - 122,475 - - 4,538,000 7,037,878 238,559,393 3,466,792 - -
FERTILIZER
135 DAWOOD HERCULES 411,737 - - - - - 411,737 105,816,409 202,817 - -

136 ENGRO CHEMICAL 45,799 - - - - - 45,799 8,509,454 22,560 325,000 -
137 ENGRO CHEMICAL-RIGHT - - - - - - - - - - -
138 FAUJI FERT. BIN QASIM - 2,000,000 - - - 1,000,000 1,000,000 31,850,000 492,590 200,000 -
139 FAUJI FERTILIZER COMPANY LTD 40,556,670 - - - - 33,775,000 6,781,670 715,805,269 3,340,588 50,000 -
TOTAL 41,014,206 2,000,000 - - - 34,775,000 8,239,206 861,981,132 4,058,555 575,000 -
33
Merger / Merger /
- - 2,099,900 290,720 99,135,520 0.19 2,462,537 - - - - 2,100,000 362,537 123,625,117 0.25

- - 1,350,000 18,528 4,112,290 0.01 1,409,697 - - - - 1,350,000 59,697 13,249,749 0.03
- - 5,899,900 618,004 139,233,321 0.27 6,713,981 - - - - 5,900,000 813,981 182,532,979 0.36
- - 16,000,000 1,561,059 57,290,865 0.11 18,089,341 - - - - 16,000,000 2,089,341 76,678,815 0.15

- - - 9,170,161 61,898,587 0.12 9,446,023 - - - - - 9,446,023 63,760,655 0.13
- - - - - - - - - - - - - - -
- - - 768,367 28,813,763 0.06 791,483 - - - - - 791,483 29,680,613 0.06
- - 700,000 408,329 24,560,989 0.05 1,141,671 - - - - 700,000 441,671 26,566,511 0.05
- - 16,700,000 11,907,916 172,564,204 0.34 29,468,518 - - - - 16,700,000 12,768,518 196,686,593 0.39
- - 200,000 740,274 289,780,257 0.57 968,561 - - - - 200,000 768,561 300,853,203 0.60

- - - 1,835 752,442 0.00 1,892 - - - - - 1,892 775,815 0.00
- - - 6,046,967 156,011,749 0.31 6,228,877 - - - - - 6,228,877 160,705,027 0.32
- - - 11,867 839,590 0.00 12,225 - - - - - 12,225 864,919 0.00
- - - - - - - - - - - - - - -
- - 200,000 6,800,943 447,384,038 0.88 7,211,555 - - - - 200,000 7,011,555 463,198,963 0.93
- - 1,400,000 84,299 14,752,325 0.03 1,528,951 - - - - 1,400,000 128,951 22,566,425 0.05

- - - 436,426 138,347,042 0.27 253,840 190,000 - - - - 443,840 140,697,280 0.28
- - 30,000 1,175,057 308,393,710 0.61 417,243 800,000 - - - 30,000 1,187,243 311,591,925 0.62
- - 1,500,000 1,069,731 128,153,774 0.25 2,544,026 100,000 - - - 1,500,000 1,144,026 137,054,315 0.27
- - 2,930,000 2,765,513 589,646,850 1.16 4,744,060 1,090,000 - - - 2,930,000 2,904,060 611,909,945 1.22
ENGINEERING
- - - 13,717 973,907 0.00 14,130 - - - - - 14,130 1,003,230 0.00

- - - - - - - - - - - - - - -
- - 4,500,000 28,954 4,292,431 0.01 4,665,196 - - - - 4,500,000 165,196 24,490,307 0.05
- - 4,500,000 42,671 5,266,338 0.01 4,679,326 - - - - 4,500,000 179,326 25,493,537 0.05
- - - 496 141,360 0.00 511 - - - - - 511 145,635 0.00

- - - 5,418 86,146 0.00 5,582 - - - - - 5,582 88,754 0.00
- - 500,000 9,152 3,322,176 0.01 524,469 - - - - 500,000 24,469 8,882,247 0.02
- - 1,800,000 194,579 12,297,393 0.02 2,054,583 - - - - 1,800,000 254,583 16,089,646 0.03
- - 2,062,000 27,619 8,437,605 0.02 2,152,481 - - - - 2,063,100 89,381 27,305,896 0.05
- - 250,000 9,845 3,263,618 0.01 267,663 - - - - 250,000 17,663 5,855,285 0.01
- - 2,392,800 31,090 12,187,280 0.02 1,664,540 - 832,270 - - 2,386,000 110,810 43,437,520 0.09
- - 7,004,800 278,199 39,735,577 0.08 6,669,829 - 832,270 - - 6,999,100 502,999 101,804,981 0.20
- - - 538,958 46,350,388 0.09 555,164 - - - - - 555,164 47,744,104 0.10

- - - 1,231,477 12,314,770 0.02 1,268,523 - - - - - 1,268,523 12,685,230 0.03
- - 950,000 26,713 46,347,055 0.09 1,006,097 - - - - 950,000 56,097 97,328,295 0.19
- - 950,000 1,797,148 105,012,213 0.21 2,829,784 - - - - 950,000 1,879,784 157,757,629 0.32
TRANSPORT
- - - 2,381,038 19,881,667 0.04 2,452,666 - - - - - 2,452,666 20,479,761 0.04

- - - 2,381,038 19,881,667 0.04 2,452,666 - - - - - 2,452,666 20,479,761 0.04
- - 500,000 1,753,184 99,931,488 0.20 2,320,966 - - - - 500,000 1,820,966 103,795,062 0.21

- - - 449,735 5,846,555 0.01 463,265 - - - - - 463,265 6,022,445 0.01
- - - 462,530 8,487,426 0.02 476,445 - - - - - 476,445 8,742,766 0.02
- - - 301,260 2,666,151 0.01 310,323 - - - - - 310,323 2,746,359 0.01
- - - 83 4,109 0.00 87 - - - - - 87 4,307 0.00
- - 500,000 2,966,792 116,935,728 0.23 3,571,086 - - - - 500,000 3,071,086 121,310,938 0.24
FERTILIZER
- - - 202,817 56,565,661 0.11 208,920 - - - - - 208,920 58,267,788 0.12

- - 300,000 47,560 12,032,680 0.02 23,239 325,000 - - - 300,000 48,239 12,204,467 0.02
52,134 - - 52,134 6,673,152 0.01 - - - 52,235 - - 52,235 6,686,080 0.01
- - 400,000 292,590 11,411,010 0.02 507,410 200,000 - - - 400,000 307,410 11,988,990 0.02
- - 1,800,000 1,590,588 192,858,795 0.38 3,441,082 50,000 - - - 1,800,000 1,691,082 205,043,693 0.41
52,134 - 2,500,000 2,185,689 279,541,298 0.55 4,180,651 575,000 - 52,235 - 2,500,000 2,307,886 294,191,018 0.59
2006 Demerger
Issue FUND
effects/Adj.
PHARMACEUTICALS
140 ABBOTT LABORATORY 4,360,302 - 872,060 - 196 - 5,232,558 742,499,980 2,577,509 - -

141 GLAXOSMITHKLINE PAKISTAN 8,067,387 - 2,016,846 - 6 - 10,084,239 1,552,972,806 4,967,403 - -
142 HIGHNOON LABORATORY 158,423 - - - - - 158,423 8,554,842 78,037 - 11,706
TOTAL 12,586,112 - 2,888,906 - 202 - 15,475,220 2,304,027,628 7,622,949 - 11,706
CHEMICAL
143 I.C.I. PAKISTAN 648,978 - - - - - 648,978 83,880,407 319,681 - -

144 PAKISTAN PTA LIMITED 17,287,110 - - - - - 17,287,110 74,334,573 8,515,471 - -
145 BOC (PAK) 1,962,401 - - - - - 1,962,401 310,549,958 966,660 - -
146 SITARA CHEMICALS 1,254,196 - - - - - 1,254,196 120,402,816 617,805 - -
TOTAL 21,152,685 - - - - - 21,152,685 589,167,754 10,419,617 - -
PAPER & BOARD
147 CENTURY PAPER 10,247,338 - - - - - 10,247,338 547,207,849 5,047,744 - -

148 PACKAGES LIMITED 7,605,950 - - - - - 7,605,950 1,703,732,800 3,746,621 - 187,331
149 SECURITY PAPERS 1,989,756 - 596,926 - - - 2,586,682 214,694,606 1,274,175 - -
TOTAL 19,843,044 - 596,926 - - - 20,439,970 2,465,635,255 10,068,540 - 187,331
150 WAZIR ALI INDUSTRIES 200 - - - - - 200 4,890 98 - 4

TOTAL 200 - - - - - 200 4,890 98 - 4
LEATHER & TANNERIES
151 SERVICE INDUSTRIES 3,428,299 - - - (13,750) - 3,414,549 146,484,152 1,681,975 - -

TOTAL 3,428,299 - - - (13,750) - 3,414,549 146,484,152 1,681,975 - -
152 UNILEVER PAKISTAN 226,536 - - - - - 226,536 475,725,600 111,589 - -

153 UNILEVER PAKISTAN-PREFERENCE 250 - - - - - 250 525,000 123 - -
154 NESTLE MILKPAK 200,565 - - - - - 200,565 336,949,200 98,796 - -
TOTAL 427,351 - - - - - 427,351 813,199,800 210,508 - -
GLASS & CERAMICS
155 GHANI GLASS 1,559,250 - 389,812 - - - 1,949,062 123,278,172 960,090 - -

TOTAL 1,559,250 - 389,812 - - - 1,949,062 123,278,172 960,090 - -
MISCELLANEOUS
156 PAK.SERVICES 1,950,415 - - - - - 1,950,415 702,149,400 960,756 - -

157 TRI-PACK FILMS 1,233,800 - - - - - 1,233,800 96,853,300 607,758 - -
TOTAL 3,184,215 - - - - - 3,184,215 799,002,700 1,568,514 - -
Total portfolio categorised

as held for trading 662,859,878 18,817,138 59,300,804 11,698,918 564,882 151,431,887 601,809,733 39,694,880,170 296,445,877 2,124,480 12,840,886
NOTES TO ABOVE INVESTMENTS
(a) Shares in unquoted companies marked as "A" have been valued at cost
(b) Shares in companies which stand delised or trading in whose shares in suspended, or are otherwise provided for. These companies are marked as "B" and have been valued at a token value of Rs.1.
(c) Unless otherwise stated, all shares are fully paid ordinary shares of Rs.10 each
34
Merger / Merger /
PHARMACEUTICALS
- - 2,500,000 77,509 14,416,674 0.03 2,655,049 - - - - 2,500,000 155,049 28,839,114 0.06

- - 4,900,000 67,403 12,638,063 0.02 5,116,836 - - - - 4,900,000 216,836 40,656,750 0.08
- - - 89,743 7,628,070 0.01 80,386 - 12,058 - - - 92,444 7,857,740 0.02
- - 7,400,000 234,655 34,682,807 0.07 7,852,271 - 12,058 - - 7,400,000 464,329 77,353,604 0.15
CHEMICAL
- - - 319,681 53,418,695 0.10 329,297 - - - - - 329,297 55,025,529 0.11

- - 5,000,000 3,515,471 19,335,091 0.04 8,771,639 - - - - 5,000,000 3,771,639 20,744,015 0.04
- - 900,000 66,660 10,865,580 0.02 995,741 - - - - 900,000 95,741 15,605,783 0.03
- - 600,000 17,805 2,835,446 0.01 636,391 - - - - 600,000 36,391 5,795,267 0.01
- - 6,500,000 3,919,617 86,454,812 0.17 10,733,068 - - - - 6,500,000 4,233,068 97,170,593 0.19
PAPER & BOARD
- - 5,000,000 47,744 2,986,387 0.01 5,199,594 - - - - 5,000,000 199,594 12,484,605 0.02

- - 3,900,000 33,952 10,832,386 0.02 3,859,329 - 192,966 - - 3,900,000 152,295 48,589,720 0.10
- - 1,250,000 24,175 2,754,741 0.01 1,312,507 - - - - 1,250,000 62,507 7,122,673 0.01
- - 10,150,000 105,871 16,573,514 0.03 10,371,430 - 192,966 - - 10,150,000 414,396 68,196,997 0.14
- - - 102 2,472 0.00 102 - 5 - - - 107 2,568 0.00

- - - 102 2,472 0.00 102 - 5 - - - 107 2,568 0.00
LEATHER & TANNERIES
- - - 1,681,975 154,741,700 0.30 1,732,574 - - - - - 1,732,574 159,396,808 0.32

- - - 1,681,975 154,741,700 0.30 1,732,574 - - - - - 1,732,574 159,396,808 0.32
- - 111,000 589 1,316,415 0.00 114,947 - - - - 111,000 3,947 8,821,545 0.02

- - - 123 274,905 0.00 127 - - - - - 127 283,845 0.00
- - 98,000 796 1,229,820 0.00 101,769 - - - - 98,000 3,769 5,823,105 0.01
- - 209,000 1,508 2,821,140 0.01 216,843 - - - - 209,000 7,843 14,928,495 0.03
GLASS & CERAMICS
- - - 960,090 73,302,872 0.14 988,972 - - - - - 988,972 75,508,012 0.15

- - - 960,090 73,302,872 0.14 988,972 - - - - - 988,972 75,508,012 0.15
MISCELLANEOUS
- - 750,000 210,756 98,212,296 0.19 989,659 - - - - 750,000 239,659 111,681,094 0.22

- - - 607,758 81,925,778 0.16 626,042 - - - - - 626,042 84,390,462 0.17
- - 750,000 818,514 180,138,074 0.35 1,615,701 - - - - 750,000 865,701 196,071,556 0.39
15,106,118 176,783 222,259,115 104,435,029 3,840,265,091 7.54 305,363,847 2,125,517 13,227,176 15,559,088 182,102 223,294,656 113,163,075 4,523,895,622 9.05
STATEMENT OF OTHER INVESTMENTS
S.NO. NAME LOC Holders' Fund Non LOC Holders' Fund Consolidated Fund 2007
AT COST %OF AT COST %OF AT COST %OF
(Rupees in NET ASSETS (Rupees in NET ASSETS (Rupees in NET ASSETS
'000) '000) '000)
AT FAIR VALUE THROUGH INCOME STATEMENT
TERM FINANCE CERTIFICATES

1. FIRST DAWOOD INVESTMENT BANK LTD-II
(FORMERLY DAWOOD LEASING CO. LTD ) 16,745 0.037 16,256 0.035 33,001 0.051
2 CRESCENT LEASING CORPORATION LIMITED-II 6,447 0.014 6,259 0.014 12,706 0.020
3 STANDARD CHARTERED BANK (PAK) LTD-I
(FORMERLY UNION BANK LIMITED) 8,221 0.018 7,981 0.017 16,202 0.025
TOTAL 31,413 0.070 30,496 0.066 61,909 0.096
HELD TO MATURITY INVESTMENTS
INVESTMENT UNDER MORABAHA ARRANGEMENTS
1 AYESHA WOLLEN MILLS LIMITED 2,823 0.006 2,740 0.006 5,563 0.009
2 TEXTILE MANAGEMENT (PRIVATE) LIMITED 2,093 0.005 2,032 0.004 4,125 0.006
3 PAK-CHINA FERTILIZERS LIMITED 13,700 0.030 13,300 0.029 27,000 0.042
4 QUAIDABAD WOLLEN MILLS LIMITED 11,670 0.026 11,330 0.025 23,000 0.036
TOTAL 30,286 0.067 29,402 0.064 59,688 0.093
LESS: PROVISION FOR IMPAIRMENT LOSS (30,286) (0.067) (29,402) (0.064) (59,688) (0.093)
- - - - - -
PARTICIPATION TERM CERTIFICATES (PTC)
5 ADAMJEE PAPER & BOARD MILLS LIMITED 5,328 0.012 5,172 0.011 10,500 0.016
- - - - - -
TERM FINANCE CERTIFICATES AND REDEEMABLE CAPITAL
6 TRUST INVESTMENT BANK LTD

(FORMERLY TRUST LEASING & INVST. BANK) 7,123 0.016 6,915 0.015 14,038 0.022
7 ITTEHAD CHEMICALS LIMITED 642 0.001 624 0.001 1,266 0.002
8 AL-ZAMIN LEASING MODARABA 3,450 0.008 3,350 0.007 6,800 0.011
9 CHANDA OIL & GAS SECURITISATION CO. LTD 8,058 0.018 7,822 0.017 15,880 0.025
10 NAIMAT BASAL OIL & GAS
SECURITISATION CO. LTD 7,748 0.017 7,521 0.016 15,269 0.024
11 ADAMJEE PAPER & BOARD MILLS LIMITED 4,123 0.009 4,002 0.009 8,125 0.013
12 BROTHER STEEL MILLS LIMITED 994 0.002 965 0.002 1,959 0.003
13 DEWAN CEMENT LIMITED
(FORMERLY PAKLAND CEMENT LTD) 20,608 0.046 20,007 0.044 40,615 0.063
14 PAKISTAN TELECOMMUNICATION CO. LTD
(PTC) / BEL 3,319 0.007 3,222 0.007 6,541 0.010
TOTAL 56,065 0.124 54,428 0.119 110,493 0.172
47,629 0.1057 46,239 0.1008 93,868 0.1460
TOTAL 47,629 (0.1057) 46,239 (0.1008) 93,868 (0.1460)
LOANS & RECEIVABLES
TERM FINANCE CERTIFICATES AND

REDEEMABLE CAPITAL
1 BANK ALFALAH LIMITED-I 6,012 0.013 5,837 0.013 11,849 0.018

2 PAKISTAN INTERNATIONAL AIRLINES
CORPORATION (PIAC) 31,966 0.071 31,032 0.068 62,998 0.098
3 CRESCENT STANDARD INVESTMENT
BANK LTD (FORMERLY PACIFIC LEASING LTD) 4,189 0.009 4,066 0.009 8,255 0.013
TOTAL 42,167 0.094 40,935 0.089 83,102 0.129
35
NATIONAL INVESTMENT TRUST LIMITED
HEAD OFFICE
NATIONAL BANK BUILDING, (6TH FLOOR)
I.I. CHUNDRIGAR ROAD,
(P.O. Box 5671), KARACHI-74000
TEL : 2412056-59 (4-LINES)
FAX : 2417827, 2422719,
UAN: 111-648-648
Email: [email protected]
Website: www.nit.com.pk
BRANCH OFFICES
PROVINCE CITY LOCATION PHONE FAX UAN
SINDH KARACHI SADDAR 021-9202789 9202784

270 NACON HOUSE
DIN MUHAMMAD
WAFAI ROAD
GULSHAN-E-IQBAL 021 9230524 9230139
CIVIC CENTRE, KDA BUILDING
CLIFTON 021-5867962 5375096
YOUSUF,GRAND SQUARE SHOP # 6,
NEAR THREE SWORDS, BLOCK # 8
TARIQ ROAD 021 4540165 4549236
158-M PMC BUILDING,
FIRST FLOOR,
OPP. SHALIMAR CENTRE,
HYDERABAD THANDI SARAK 022-2728899 2728734 111-648-648
HDA, CIVIC CENTRE,
SUKKUR QUEENS ROAD 071-9310486 9310487 111-648-648
C 431/1A/1/2/1/3
QUEENS PARADISE BLDG,
PUNJAB LAHORE AL-FALAH BUILDING 042-6285210-11 6285212 111-648-648
ROOM NO. 211-212
15 - SHARAH-E-QUAID-E-AZAM
GULBERG 042-5754440 5710973
RAJA CENTRE, FIRST FLOOR, 1/A 042-5875379
MAIN BOULEVARD, GULBERG II
MULTAN AZMAT WASTI ROAD 061-4542914 4784043 111-648-648
3-GOLD CREST PLAZA
CHOWK DERA ADDA,
FAISALABAD ALLAMA IQBAL ROAD 041-9201245 9201246 111-648-648
PLATINUM CENTRE, 2ND FLOOR
GUJRANWALA G.T.ROAD 055-9200220 9200421 111-648-648
42 A/B, TRUST PLAZA, GROUND FLOOR
SIALKOT KUTCHERY ROAD 052-9250480 9250479 111-648-648
9-KASHMIR CENTRE,
SARGODHA FATIMA JINNAH ROAD 048-9230100 9230101 111-648-648
1st FLOOR, 16 A,
IMPROVEMENT TRUST PLAZA,
RAWALPINDI THE MALL 051-5567217 9270962
13/4, AL-AMIN PLAZA,
OPP. CANTONMENT BOARD BLDG,
ISLAMABAD BLUE AREA 051-2828711 2825181 111-648-648
GROUND FLOOR, KASHMIR PLAZA
JINNAH AVENUE
N.W.F.P. PESHAWAR SONERI MASJID ROAD 091-5274848 5286987 111-648-648
FC TRUST BUILDING, GROUND FLOOR
ABBOTTABAD MANSEHRA ROAD 0992-9310162 9310163 111-648-648
301, SUPPLY BAZAR ADJ. UBL BUILDING
BALUCHISTAN QUETTA 2-13/7, M.A. JINNAH ROAD 081-9201743 9201723 111-648-648
AZAD KASHMIR
MIRPUR ALLAMA IQBAL ROAD 058610-42237 45237
BANK SQUARE
36
BRANCH NETWORK
NWFP
JAMMU &
KASHMIR
Peshawar
Abbottabad
Islamabad
Mirpur A.J.K
Rawalpindi
Sialkot
Sargodha Gujranwala
Lahore
Faisalabad
PUNJAB
Quetta
Multan
BALOCHISTAN
Sukkur
SINDH
Hyderabad
Karachi
37
BANK BRANCHES AUTHORISED TO DEAL IN NIT REGISTERED UNITS
PROVINCE CITY BANK NAME LOCATION
SINDH KARACHI NATIONAL BANK OF PAKISTAN I.I. CHUNDRIGAR ROAD

MCB BANK LIMITED ADAMJEE HOUSE, I.I. CHUNDRIGAR ROAD
UNITED BANK LIMITED MAIN BRANCH, I.I. CHUNDRIGAR ROAD
STANDARD CHARTERED BANK MAIN BRANCH, I.I. CHUNDRIGAR ROAD
UNION BANK LIMITED I.I. CHUNDRIGAR ROAD
FAYSAL BANK LIMITED I.I. CHUNDRIGAR ROAD
SONERI BANK LIMITED I.I. CHUNDRIGAR ROAD
HABIB BANK LIMITED FOREIGN EXCHANGE BRANCH,
M.A. JINNAH ROAD
UNITED BANK LIMITED JODIA BAZAR
ALLIED BANK LIMITED CENTRAL BRANCH
UNITED BANK LIMITED KARACHI CITY BRANCH
BANK OF TOKYO SHAHEEN COMPLEX
NATIONAL BANK OF PAKISTAN CORPORATE BRANCH
NATIONAL BANK OF PAKISTAN INVERARITY ROAD, SADDAR
NATIONAL BANK OF PAKISTAN D.H.A. PHASE-1,
UNITED BANK LIMITED PLOT NO. H/G 9/D LANDHI
UNITED BANK LIMITED 147 PECHS (TARIQ ROAD)
NATIONAL BANK OF PAKISTAN PECHS.
NATIONAL BANK OF PAKISTAN NAZIMABAD BRANCH,
ADJACENT SIR SYED COLLEGE
UNITED BANK LIMITED MANGHOPIR ROAD (S.I.T.E.)
NATIONAL BANK OF PAKISTAN NEW TOWN BRANCH
ALTAS CAPITAL MARKETS (PVT.) LTD. OFFICE FLOOR, 3RD FLOOR
PARK TOWER, KARACHI
IGI INVESTMENT BANK LTD. 7TH FLOOR, THE FORUM, KARACHI
HYDERABAD NATIONAL BANK OF PAKISTAN MAIN BRANCH, FATIMA JINNAH ROAD

HABIB BANK LIMITED STATION ROAD BRANCH
MCB BANK LIMITED CORPORATE BRANCH, RISALA ROAD
UNITED BANK LIMITED PRINCELAY ROAD BRANCH
DADU NATIONAL BANK OF PAKISTAN MAIN BRANCH, JAIL ROAD
SUKKUR NATIONAL BANK OF PAKISTAN MIRCH BAZAR

HABIB BANK LIMITED MAIN BRANCH, FRERE ROAD
NAWABSHAH HABIB BANK LIMITED MASJID ROAD BRANCH
LARKANA HABIB BANK LIMITED CITY BRANCH, BANK SQUARE
JACCOBABAD NATIONAL BANK OF PAKISTAN MAIN BRANCH,JINNAH ROAD
KHAIRPUR NATIONAL BANK OF PAKISTAN MAIN BRANCH, KUTCHERY ROAD
MIRPURKHAS NATIONAL BANK OF PAK15TAN MAIN BRANCH

UNITED BANK LIMITED SIR SYED ROAD BRANCH
PUNJAB LAHORE NATIONAL BANK OF PAKISTAN MAIN BRANCH, BANK SQUARE

HABIB BANK LIMITED BANK SQUARE BRANCH
HABIB BANK LIMITED BANK MARKAZ BRANCH, THE MALL
MCB BANK LIMITED NILA GUMBAD BRANCH
UNITED BANK LIMITED SHAHRAH-E-QUAID-E-AZAM BRANCH
UNITED BANK LIMITED BANK SQUARE BRANCH
STANDARD CHARTERED BANK LLOYDS BRANCH
UNION BANK LIMITED BANK SQUARE
AL-BARAKA ISLAMIC BANK 63-SHAHRAH-E-QUAID-E-AZAM
SONERI BANK LIMITED 87 SHAHRAH-E QUAID-E-AZAM
NATIONAL BANK OF PAKISTAN AZAM CLOTH MARKET
FAISALABAD NATIONAL BANK OF PAKISTAN CIVIL LINES BRANCH

HABIB BANK LIMITED CIRCULAR ROAD BRANCH
UNITED BANK LIMITED CIRCULAR ROAD BRANCH
ALLIED BANK LIMITED GOLE CLOTH BRANCH
SAHIWAL HABIB BANK LIMITED JINNAH CHOWK BRANCH

NATIONAL BANK OF PAKISTAN DISTRICT COURT BRANCH
38
BANK BRANCHES AUTHORISED TO DEAL IN NIT REGISTERED UNITS
PROVINCE CITY BANK NAME LOCATION

JHANG NATIONAL BANK OF PAKISTAN SADDAR BRANCH
MULTAN NATIONAL BANK OF PAKISTAN MAIN BRANCH, KUTCHERY ROAD
HABIB BANK LIMITED MAIN BRANCH, HUSSAIN AGAHI ROAD
MCB BANK LIMITED HUSSAIN AGAHI ROAD
UNITED BANK LIMITED HUSSAIN AGAHI ROAD
UNITED BANK LIMITED CANTT. BRANCH
BAHAWALPUR NATIONAL BANK OF PAKISTAN MAIN BRANCH
HABIB BANK LIMITED FARID GATE BRANCH
UNITED BANK LIMITED FARID GATE BRANCH
DERA GHAZI KHAN HABIB BANK LIMITED MAIN BRANCH
SHEIKHUPURA NATIONAL BANK OF PAKISTAN COURT BRANCH
RAHIMYAR KHAN NATIONAL BANK OF PAKISTAN RAHIMYAR KHAN
TARBELA UNITED BANK LIMITED COLONY BRANCH
SIALKOT UNITED BANK LIMITED MAIN BRANCH, SIALKOT CANTT.
GUJRANWALA NATIONAL BANK OF PAKISTAN CIVIL LINES BRANCH.
JHELUM HABIB BANK LIMITED RAM DIN BAZAR BRANCH
ISKANDARABAD NATIONAL BANK OF PAKISTAN ISKANDARABAD, DISTT. MIANWALI
SARGODHA NATIONAL BANK OF PAKISTAN CIVIL LINES BRANCH
MIANWALI HABIB BANK LIMITED MAIN BRANCH, ZAKA CENTRE, MIANWALl
RAWALPINDI NATIONAL BANK OF PAKISTAN COLLEGE ROAD, NEAR LIAQUAT BAGH
NATIONAL BANK OF PAKISTAN CANTT. SADDAR.
HABIB BANK LIMITED BANK SQUARE CITY BRANCH
MCB BANK LIMITED BANK SQUARE BRANCH
UNITED BANK LIMITED CITY BRANCH, CHOWK RAJA BAZAR
STANDARD CHARTERED BANK CANTT. BRANCH
HABIB BANK LIMITED CANT. BRANCH, KASHMIR ROAD,
RAWALPINDI CANTT.
ISLAMABAD NATIONAL BANK OF PAKISTAN 'S' BLOCK CENTRAL SECRETARIAT BRANCH
UNITED BANK LIMITED CORPORATE BRANCH
N.W.F.P. PESHAWAR NATIONAL BANK OF PAKISTAN CITY BRANCH
HABIB BANK LIMITED CITY BRANCH, CHOWK YADGAR
UNITED BANK LIMITED CITY BRANCH, CHOWK YADGAR
MCB BANK LIMITED CITY BRANCH
STANDARD CHARTERED BANK SADDAR BRANCH
ALLIED BANK LIMITED CITY BRANCH, G.T. ROAD
ABBOTTABAD NATIONAL BANK OF PAKISTAN MAIN BRANCH
HARIPUR HABIB BANK LIMITED TIP CAMPUS, HARIPUR
NATIONAL BANK OF PAKISTAN KHANPUR DAM BRANCH, HARIPUR.
MARDAN HABIB BANK LIMITED BANK ROAD BRANCH
UNITED BANK LIMITED BANK ROAD BRANCH
NOSHERA UNITED BANK LIMITED CANTT. BRANCH
KOHAT HABIB BANK LIMITED HANGU ROAD
D.I. KHAN NATIONAL BANK OF PAKISTAN MAIN BRANCH
BALOCHISTAN QUETTA NATIONAL BANK OF PAKISTAN JINNAH ROAD
HABIB BANK LIMITED JINNAH ROAD
UNITED BANK LIMITED JINNAH ROAD
MCB BANK LIMITED SHAHRAH-E-IQBAL
KHUZDAR NATIONAL BANK OF PAKISTAN KHUZDAR
SIBI NATIONAL BANK OF PAKISTAN MAIN BRANCH, JINNAH ROAD.
TURBAT NATIONAL BANK OF PAKISTAN MAIN BRANCH.
AZAD KASHMIR MUZAFFARABAD NATIONAL BANK OF PAKISTAN MAIN BRANCH.
OUTSIDE PAKISTAN
DUBAI ARAB EMIRATES INVESTMENT BANK DUBAI, UAE.
P.J.S.C
39
AUTHORISED TO DEAL IN NIT BEARER UNITS
NATIONAL BANK BRANCHES
PROVINCE CITY LOCATION
SINDH KARACHI Main Branch
P.E.C.H.S. Tariq Road Branch
Inverarity Road (Saddar) Branch
HYDERABAD Fatima Jinnah Branch
SUKKUR Mirch Bazar Branch
LARKANA Bank Square Branch
PUNJAB LAHORE Main Branch
MULTAN Mian Branch
FAISALABAD Civil Lines Branch
GUJRANWALA Civil Lines Branch
SIALKOT District Court Road Branch
RAWALPINDI Cantt. Branch
ISLAMABAD S' Block Central Secretariat Branch
N.W.F.P PESHAWAR City Branch
BALUCHISTAN QUETTA City Branch
AZAD KASHMIR MIRPUR (AJ.K) Main Branch
40
41

Annual Report 2007

Uploaded by

Copyright:

Available Formats

Annual Report 2007

Uploaded by

Document Information

Original Description:

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Annual Report 2007

Uploaded by

Copyright:

Available Formats

NATIONAL INVESTMENT (UNIT) TRUST

Board of Direct ors 2

Chairm an’s Revi ew 4

Report of the Trustee 7

Notes to the Financ ial Statements 13

Statement of Movement in Portf oli o 24

TARIQ IQBAL KHAN

Abdul Hamid Adamjee Naeem Iqbal

Mian Tajammal Hussain Muhammad Iqbal Hussain

Syed Ali Raza Tariq Iqbal Khan

Mian Raza Mansha Mrs. Rukhsana Saleem

National Bank Building, 6th Floor,

I.I. Chundrigar Road, P.O. Box 5671, Karachi.

Phones: 021-2412056-59, 2412050

Fax: 2417827, 2422719

National Bank of Pakistan

ANJUM ASIM SHAHID RAHMAN

Financial Performance of NI(U)T

Profits & Dividends

Sectoral Analysis of NI(U)T’s Portfolio

AUTO & ALLIED

TRANSPORT & COMM.

PAPER & BOARD FINANCIAL SERVICES

Top Ten Holdings of NI(U)T's Portfolio

S.No. Name Market Value % of Portfolio

1. Pakistan State Oil Company Ltd 10,291 11.67

Tariq Iqbal Khan

Date: 7 August 2007

National Investment Trust Limited (NITL), the Management Company of National

dated 26 June 1968, 07 June 1981, 27 November 1998, 12 November 2002,

31 December 2003 and 18 January 2007.

Shakeel Ahmed Mrs. Khurshid Maqsood Ali

For National Bank of Pakistan

Date: 17 July 2007

Management Company's responsibility for the financial statements

Date: 7 August 2007

Bank balances 4 610,119 2,240,075 2,850,194 541,360

Liabilities and deferred income

Short-term finances 9 195,000 2,075,000 2,270,000 1,170,000

Contingencies and commitments 14

Net Assets 45,048,996 45,880,144 90,929,140 64,295,926

Number of units in issue 15 800,663 817,738 1,618,402 1,492,871

Net asset value per unit 56.26 56.11 56.18 43.07

The annexed notes form an integral part of these financial statements.

For National Investment Trust Limited

Managing Director Director Director

E.V.P. / Divisional Head

Unappropriated profit brought forward 29,563,988 15,001,039 14,562,949 29,563,988 20,450,165

Unappropriated profit carried forward 39,947,972 15,530,034 15,278,444 41,192,461 29,563,988

The annexed notes form an integral part of these financial statements.

For National Investment Trust Limited

Managing Director Director Director

E.V.P. / Divisional Head

Unit holders' Fund at the beginning of

Amount received on issue of 213.299

Units issued under Cumulative Investment

Amount paid on redemption of

The annexed notes form an integral part of these financial statements.

For National Investment Trust Limited