Analysis of Financial Statement of Habib Bank Limited - Excel

Document Sample
Analysis of Financial Statement of Habib Bank Limited - Excel Powered By Docstoc
					NATIONAL INVESTMENT (UNIT) TRUST
CONDENSED INTERIM STATEMENT OF ASSETS AND LIABILITIES
AS AT MARCH 31, 2010
                                                                              Note    March 31, 2010       'June 30,2009
                                                                                       (Unaudited)            (Audited)
                                                                                       -----------Rupees in '000-----------
ASSETS

Bank balances                                                                                 899,138            2,181,130
Receivable from selling banks                                                                     -                    715
Receivable from National Investment Trust Limited - Management Company                          1,227              368,705
Investments                                                                     4          32,554,572           27,109,864
Dividend and other receivables                                                                569,024              432,647
Deposit with National Clearing Company of Pakistan Limited                                      2,500                2,500
Total assets                                                                               34,026,462           30,095,561

LIABILITIES

Short-term finances                                                                            575,000           1,000,000
Payable to National Investment Trust Limited - Management Company                              114,954           1,113,986
Fee payable to Securities and Exchange Commission of Pakistan                                   22,270              28,091
Creditors, accrued and other liabilities                                                        24,587              13,836
Unclaimed distribution                                                                         342,279             208,853
Total liabilities                                                                            1,079,091           2,364,766

NET ASSETS                                                                                 32,947,371           27,730,795

Unit holders' fund (as per statement attached)                                             32,947,371           27,730,795

Contingencies and commitments                                                   5

                                                                                           (Number of units in '000)

Number of units in issue                                                        6            1,047,231           1,021,933

                                                                                                    (Rupees)

Net asset value per unit                                                                         31.46                  27.14

The annexed notes 1 to 11 and Annexures 1 to 3 form an integral part of these condensed interim financial statements.

                                         For National Investment Trust Limited
                                               (Management Company)




 Managing Director                                       Director                                            Director




                                                     S.V.P. / Divisional Head
                                              For National Bank of Pakistan (Trustee)




                                                    1/11
NATIONAL INVESTMENT (UNIT) TRUST
CONDENSED INTERIM INCOME STATEMENT (UNAUDITED)
FOR THE NINE MONTHS ENDED MARCH 31, 2010
                                                                            Note              Nine Months ended,                                    Quarter ended,
                                                                                      March 31, 2010      March 31, 2009                March 31, 2010       March 31, 2009
                                                                                       -----------Rupees in '000-----------              -----------Rupees in '000-----------
                                                                                                              Restated                                          Restated
INCOME
Dividend income                                                                              1,279,971                1,409,777                   577,495                  392,406
Capital gains                                                                                  680,156                   35,668                   273,338                    7,567
Profit on bank deposits                                                                         69,620                   54,551                    13,115                    4,408
Profit on investment in Term Finance Certificates                                                  -                      2,360                       -                        467
Income on issue and repurchase of units                                                         44,441                   29,213                    15,556                    7,709
Other income                                                                                    23,298                   11,988                       -                     11,853
                                                                                             2,097,486                1,543,557                   879,504                  424,410
Unrealised appreciation / (diminution) on remeasurement of
  investments classified as financial assets at fair value
  through profit or loss - net                                               4.4               709,556               (2,399,538)                   64,997                 633,063
Unrealised gain on letters of rights                                                               -                        -                                                 -
                                                                                             2,807,042                 (855,981)                  944,501               1,057,473
EXPENSES
Impairment loss on equity securities classified as 'available for sale'                          81,705              15,395,187                       -                        -
Management participation fee                                                                    232,326                 217,867                    80,309                   54,348
Annual fee - Securities and Exchange Commission of Pakistan                                      22,270                  21,614                     7,698                    5,300
Custodian charges of Central Depository Company of Pakistan
   Limited                                                                                        3,015                   3,495                     1,051                      863
Securities transaction costs                                                                        203                   2,291                          0                     -
Settlement and bank charges                                                                         157                     103                        59                      -
Financial charges                                                                                47,453                 263,376                    10,079                   67,896
Legal and professional charges                                                                      431                     757                       -                        -
Provision for impairment loss on other receivables                                               80,954                  48,349                         (0)                 55,860
Printing & Others                                                                                25,183                     -                         -                        -
Others                                                                                            1,118                   8,171                    25,329                    4,396
                                                                                                494,815              15,961,210                   124,525                  188,663

Net income / (loss) from operations                                                          2,312,227              (16,817,191)                  819,976                  868,810

Element of income / (loss) and capital gains / (losses) included
   in prices of units issued less those in units redeemed                                       237,484               3,288,060                    44,428                  446,909

Net income / (loss) before taxation                                                          2,549,711              (13,529,131)                  864,404               1,315,719

Taxation                                                                      7                       -                        -                        -                        -

Net income / (loss) after taxation                                                           2,549,711              (13,529,131)                  864,404               1,315,719

Earnings per unit                                                              8
                                                                      -------------------------------------------------------- Rupees per unit --------------------------------------------------------
With unrealised appreciation / (diminution) on remeasurement of
   investments classified as financial assets at fair value
   through profit or loss                                                                            2.43                  (13.70)

Without unrealised appreciation / (diminution) on remeasurement
   of investments classified as financial assets at fair value
    through profit or loss and impairment loss on securities
   classified as 'available for sale'                                                                1.84                     4.32



The annexed notes 1 to 11 and Annexures 1 to 3 form an integral part of these condensed interim financial statements.

                                                  For National Investment Trust Limited
                                                        (Management Company)




  Managing Director                                                  Director                                                                Director




                                                               S.V.P. / Divisional Head
                                                        For National Bank of Pakistan (Trustee)




                                                                      2/11
NATIONAL INVESTMENT (UNIT) TRUST
CONDENSED INTERIM DISTRIBUTION STATEMENT(UNAUDITED)
FOR THE NINE MONTHS ENDED MARCH 31, 2010


                                                                              Nine Months ended,                          Quarter ended,
                                                                      March 31, 2010 March 31, 2009           March 31, 2010 March 31, 2009
                                                                       -----------Rupees in '000-----------    -----------Rupees in '000-----------
                                                                                              Restated                                Restated



Undistributed income brought forward                                        8,719,766         27,351,047            7,083,791           6,903,247

Final distribution for the year ended June 30, 2009: Rs 3.25
   per unit (2008: Rs. 6.5 per unit)                                       (3,321,282)         (5,602,950)                 -                   -

Net income / (loss) for the period after taxation                           2,549,711         (13,529,131)            864,404           1,315,719

Undistributed income carried forward                                        7,948,195           8,218,966           7,948,195           8,218,966



The annexed notes 1 to 11 and Annexures 1 to 3 form an integral part of these condensed interim financial statements.


                                                    For National Investment Trust Limited
                                                          (Management Company)




  Managing Director                                               Director                                                      Director




                                                               S.V.P. / Divisional Head
                                                        For National Bank of Pakistan (Trustee)




                                                               3/11
NATIONAL INVESTMENT (UNIT) TRUST
CONDENSED INTERIM STATEMENT OF COMPREHENSIVE INCOME (UNAUDITED)
FOR THE NINE MONTHS ENDED MARCH 31, 2010


                                                              Note           Nine Months ended,                          Quarter ended,
                                                                     March 31, 2010 March 31, 2009           March 31, 2010 March 31, 2009
                                                                      -----------Rupees in '000-----------    -----------Rupees in '000-----------
                                                                                             Restated                                Restated

Net income / (loss) for the period after taxation                          2,549,711         (13,529,131)            864,404           1,315,719

Other comprehensive income

Unrealised appreciation / (diminution) in the fair value of
  securities classified as 'available for sale'               4.5          5,747,931          (2,497,345)            213,513         17,339,508

Total comprehensive income for the period                                  8,297,642         (16,026,476)          1,077,917         18,655,227



The annexed notes 1 to 11 and Annexures 1 to 3 form an integral part of these condensed interim financial statements.


                                                    For National Investment Trust Limited
                                                          (Management Company)




  Managing Director                                                  Director                                                    Director




                                                               S.V.P. / Divisional Head
                                                        For National Bank of Pakistan (Trustee)




                                                              4/11
NATIONAL INVESTMENT (UNIT) TRUST
CONDENSED INTERIM STATEMENT OF MOVEMENT IN UNIT HOLDERS' FUND (UNAUDITED)
FOR THE NINE MONTHS ENDED MARCH 31, 2010

                                                                                    Nine Months ended,                          Quarter ended,
                                                                            March 31, 2010 March 31, 2009           March 31, 2010 March 31, 2009
                                                                             -----------Rupees in '000-----------    -----------Rupees in '000-----------
                                                                                                   Restated                                Restated

Net assets at the beginning of the period                                       27,730,795          45,585,263          31,834,498           6,193,422

Issue of 84,852,657 (2009: 111,113,715) units and 41,815,868
   (2009: 49,626,152) units for the nine months and quarter
   respectively                                                                   2,544,108           3,472,372           1,298,777          1,051,219



Redemption of 96,576,002 (2009: 28,860,662) units and 35,756,627
  (2009: 9,305,943) units for the nine months and quarter
  respectively                                                                   (2,998,602)           (903,030)         (1,206,519)           (201,169)
                                                                                   (454,494)          2,569,342              92,258             850,050
Issue of 37,021,191 (2009: 47,342,274) units and Nil
   (2009: 6.037(Reversal)) units under Cumulative Investment Plan
   for the nine months and quarter respectively                                    932,194           2,014,671                  (0)                -
                                                                                28,208,495          50,169,276          31,926,756           7,043,472
Element of (income) / loss and capital (gains) / losses included
   in prices of units issued less those in units redeemed -
   transferred to income statement                                                  (237,484)        (3,288,060)            (44,428)           (446,909)

Net unrealised appreciation / (diminution) in fair value of securities
  classified as 'available for sale ' - note 4.5                                  5,747,931          (2,497,345)            213,513         17,339,508

Capital gains                                                                       680,156              35,668             273,338                  -

Unrealised appreciation / (diminution) on remeasurement of
  investments classified as financial assets at fair value
  through profit or loss-net                                                        709,556          (2,399,538)             64,997            633,063

Other net income / (loss) for the period                                          1,159,999        (11,165,261)             513,195            682,656

Final distribution for the year ended June 30, 2009: Rs 3.25
   per unit (2008: Rs. 6.5 per unit)                                             (3,321,282)        (5,602,950)                 -                  -
                                                                                   (771,571)       (19,132,081)             851,530          1,315,719

Net assets at the end of the period                                             32,947,371          25,251,790          32,947,371          25,251,790



The annexed notes 1 to 11 and Annexures 1 to 3 form an integral part of these condensed interim financial statements.


                                                   For National Investment Trust Limited
                                                          (Management Company)




  Managing Director                                                      Director                                                      Director




                                                                S.V.P. / Divisional Head
                                                         For National Bank of Pakistan (Trustee)




                                                                 5/11
NATIONAL INVESTMENT (UNIT) TRUST
CONDENSED INTERIM CASH FLOW STATEMENT (UNAUDITED)
FOR THE NINE MONTHS ENDED MARCH 31, 2010

                                                                                    Nine Months ended,                       Quarter ended,
                                                                            March 31, 2010 March 31, 2009 March 31, 2010 March 31, 2009
                                                                             -----------Rupees in '000----------- -----------Rupees in '000-----------
                                                                                                   Restated                            Restated
CASH FLOWS FROM OPERATING ACTIVITIES

Net income / (loss) after taxation                                               2,549,711        (13,529,131)          864,404           1,315,719

Adjustments:
  Unrealised (appreciation)/diminution on remeasurement of
     investments classified as financial assets at fair value
     through profit or loss - net                                                 (709,556)         2,399,538            (64,997)           (633,063)
  Element of (income) / loss and capital (gains) / losses included
     in prices of units issued less those in units redeemed                       (237,484)        (3,288,060)          (44,428)            (446,909)
  Impairment loss on equity securities classified as 'available for sale'           81,705         15,395,187               -                    -
  Provision for impairment loss on other receivables                                80,954             48,349                 (0)             48,349
  Management participation fee                                                     232,326            217,867            80,309               54,348
                                                                                 1,997,656          1,243,750           835,288              338,444
(Increase) / decrease in assets
   Receivable from National Investment Trust Limited -
      Management Company                                                           367,478            167,117             7,887               (6,275)
   Investments                                                                     931,074         (1,481,835)          107,481              (34,352)
   Loans and receivables                                                               -               35,477               -                 24,423
  Dividend and other receivables                                                  (217,331)            (81,360)        (169,866)            (202,214)
                                                                                 1,081,221         (1,360,601)           (54,498)           (218,418)
Increase / (decrease) in liabilities
   Payable to National Investment Trust Limited - Management
     Company                                                                      (295,714)          (107,259)         (185,924)              20,776
   Fee payable to Securities and Exchange Commission of
     Pakistan                                                                       (5,821)           (23,971)            7,698              (40,286)
   Creditors, accrued and other liabilities                                         10,751             11,317               118              (39,782)
                                                                                  (290,784)          (119,913)         (178,108)             (59,292)
  Management Participation fee paid                                               (937,870)               -            (937,870)                 -
Net cash inflow / (outflow) from operating activities                            1,850,223           (236,764)         (335,188)              60,734

CASH FLOW FROM FINANCING ACTIVITIES

Net receipts / (payments) made against sales / (redemption) of units               (451,553)        2,349,965             76,675            850,022
Dividend paid                                                                    (2,255,662)       (3,508,456)           (29,306)           (19,943)
Net cash outflow from financing activities                                       (2,707,215)       (1,158,491)            47,369            830,079
Net decrease in cash and cash equivalents
  during the period                                                               (856,992)        (1,395,255)         (287,819)            890,813

Cash and cash equivalents at the beginning of the period                         1,181,130            623,180           611,957           (1,662,888)

Cash and cash equivalents as at the end of the period                              324,138           (772,075)          324,138             (772,075)

Cash and cash equivalents as at the end of the period
Bank balances                                                                      899,138            427,925           899,138              427,925
Short-term finances                                                               (575,000)        (1,200,000)         (575,000)          (1,200,000)
                                                                                   324,138           (772,075)          324,138             (772,075)



The annexed notes 1 to 11 and Annexures 1 to 3 form an integral part of these condensed interim financial statements.


                                                   For National Investment Trust Limited
                                                          (Management Company)



  Managing Director                                                   Director                                                      Director



                                                                S.V.P. / Divisional Head
                                                         For National Bank of Pakistan (Trustee)




                                                                6/11
NATIONAL INVESTMENT (UNIT) TRUST
NOTES TO AND FORMING PART OF THE CONDENSED INTERIM FINANCIAL STATEMENTS
FOR THE NINE MONTHS ENDED MARCH 31, 2010

1     LEGAL STATUS AND NATURE OF BUSINESS

1.1   The National Investment (Unit) Trust (NI(U)T), 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 June 26, 1968,
      June 7, 1981, November 27, 1998, November 12, 2002, December 31, 2003 and January 18, 2007. The functions of
      the Fund are governed by the Trust Deed and the National Investment (Unit) Trust Ordinance, 1965.

1.2   For facilitating the sale and transfer of the management rights of the Management Company to manage NI(U)T, the
      Board of Directors of NITL decided to split National Investment (Unit) Trust into two Funds with effect from April 1, 2007.
      The certificate in respect of the Scheme of Unbundling and Splitting of National Investment (Unit) Trust into two Funds
      was signed by both the Management Company and the Trustee on July 10, 2008 to give effect to the splitting.
      Accordingly, the segment pertaining to LOC Holders has formed the National Investment (Unit) Trust – LOC Holders’
      Fund whereas the segment pertaining to Non-LOC Holders has been retained under National Investment (Unit) Trust.


      Further, both Funds for the purpose of the Trust Deed are to be considered as NI(U)T and the terms of the Trust Deed
      would apply mutatis mutandis to these Funds till the time these separate Funds have been reorganised and
      restructured as separate open end mutual funds and management rights have been transferred pursuant to
      management right transfer agreement to be executed upon privatisation / sale.

1.3   The Privatisation Commission, Government of Pakistan has invited expressions of interest for the sale of the rights to
      manage the Fund which exists solely with the Management Company, NITL. The Trustee, National Bank of Pakistan
      and the Management Company hold the rights and privileges of the Unit Holders to be paramount. Till date, the
      Privatisation Commission is engaged in the process of privatisation.

1.4   The Management Company of the Fund 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 Fund has been granted exemptions from application of certain
      provisions of the NBFC Rules and Notified Entities Regulations till privatisation.

1.5   Pakistan Credit Rating Agency Limited (PACRA) has assigned "2-star" rating based on the performance during the
      twelve months ended June 30, 2009 and "3-star" long term rating based on the performance during the thirty six months
      ended June 30, 2009.

      The Management Company has been assigned management rating "AM2" by PACRA.

2     BASIS OF PREPARATION

2.1   Statement of compliance

      These condensed interim financial statements have been prepared in accordance with approved accounting standards
      as applicable in Pakistan. Approved accounting standards comprise of such International Financial Reporting Standards
      (IFRS) issued by the International Accounting Standards Board as are notified under the Companies Ordinance, 1984,
      the requirements of the Trust Deed, the Non-Banking Finance Companies (Establishment and Regulation) Rules, 2003
      (the NBFC Rules), the Non-Banking Finance Companies and Notified Entities Regulations, 2008 (the NBFC
      Regulations) and directives issued by the Securities and Exchange Commission of Pakistan (SECP). Wherever the
      requirements of the Trust Deed, the NBFC Rules, the NBFC Regulations or directives issued by SECP differ with the
      requirements of IFRS, the requirements of the Trust Deed, the NBFC Rules, the NBFC Regulations or the directives
      issued by SECP prevail. The disclosures made in these condensed interim financial statements have, however, been
      limited based on the requirements of the International Accounting Standard 34 "Interim Financial Reporting"


2.2   The disclosures made in these condensed interim financial statements have, however, been limited based on the
      requirements of the International Accounting Standard 34:' Interim Financial Reporting'.
2.3   These condensed interim financial statements have been prepared using the same accounting policies which were
      applied in the preparation of the annual financial statements of the Fund for the year ended June 30,2009.




                                                       7/11
3     SIGNIFICANT ACCOUNTING POLICIES

3.1   The accounting policies applied for the preparation of these condensed interim financial statements are the same as
      those applied in the preparation of the annual published financial statements of the Fund for the year ended June 30,
      2009 except for the change mentioned below:

      IAS 1 (revised), ‘Presentation of financial statements’. The revised standard prohibits the presentation of items of
      income and expenses (that is, ‘non-owner changes in equity’) in the statement of changes in equity. It requires non-
      owner changes in equity to be presented separately from owner changes in equity. All non-owner changes in equity are
      required to be shown in a performance statement, but entities can choose whether to present one performance
      statement (the statement of comprehensive income) or two statements (the income statement and statement of
      comprehensive income). Where entities restate or reclassify comparative information, they are required to present a
      restated statement (referred to as the statement of assets and liabilities in these condensed interim financial
      statements) as at the beginning comparative period, in addition to the current requirement to present statements of
      financial position at the end of the current period and comparative period.

      The Fund has applied IAS 1 (revised) from July 1, 2009, and has elected to present two performance statements. As a
      result non-owner changes in equity which were previously credited directly in the statement of movement in unit
      holders' fund and the distribution statement are now shown as other comprehensive income in the performance
      statement (referred to as statement of comprehensive income in these condensed interim financial statements). The
      change in presentation has not affected the values of the net assets of the Fund for either the current or any of the prior
      periods and hence restated statement of assets and liabilities has not been presented.
3.2 The following new standards and amendments to existing standards are mandatory for the first time for the financial
    year beginning July 1, 2009:

      IAS 39 (amendment), ‘Financial instruments: Recognition and measurement’. The amendment was part of the IASB’s
      annual improvements project published in May 2008. The definition of financial asset or financial liability at fair value
      through profit or loss as it relates to items that are held for trading was amended. This clarifies that a financial asset or
      liability that is part of a portfolio of financial instruments managed together with evidence of an actual recent pattern of
      short-term profit taking is included in such a portfolio on initial recognition. The adoption of the amendment did not have
      a significant impact on the Fund’s financial statements.

      IFRS 7 (amendment) ‘Financial instruments: Disclosures’. The amendment requires enhanced disclosures about fair
      value measurement and liquidity risk. In particular, the amendment requires disclosure of fair value measurements by
      level of a fair value measurement hierarchy. The adoption of the amendment results in additional disclosures, which
      would be detailed in the financial statements for the year ending June 30, 2010, but does not have an impact on the
      Fund’s financial position or performance.

      IAS 32 (amendment), ‘Financial instruments: Presentation’, and IAS 1 (amendment), ‘Presentation of financial
      statements – Puttable financial instruments and obligations arising on liquidation’. The amended standards require
      entities to classify puttable financial instruments, or components of instruments that impose on the entity an obligation to
      deliver to another party a pro rata share of the net assets of the entity only on liquidation as equity, provided the
      financial instruments have particular features and meet specific conditions, including that all financial instruments in the
      class of instruments that is subordinate to all other instruments have identical features. One of the particular features is
      that apart from the contractual obligation for the issuer to repurchase or redeem the instrument for cash or another
      financial asset, the instrument does not include any contractual obligation to deliver cash or another financial asset to
      another entity. In this connection, Regulation 63 of the Non-Banking Finance Companies and Notified Entities
      Regulations, 2008 mandate the payment of 90% of the Fund’s profits for the year as dividends,
      therefore the amendment has not changed the classification of units.

      There are other standards, amendments and interpretations that were mandatory for accounting periods beginning on
      or after July, 2009 but were considered not to be relevent or did not have any significant effect on the Funds's
      operations.




                                                        8/11
                                                                                          March 31,2010        June 30,2009
                                                                                           (Unaudited)           (Audited)
4     INVESTMENTS                                                                          -----------Rupees in '000-----------
      At fair value through profit or loss - held for trading
      Investment in shares / units of mutual funds                                            3,009,081             3,663,955

      Available for sale
      Investment in shares / units of mutual funds                                           29,545,492           23,445,909
                                                                                             32,554,572           27,109,864
      Held to maturity
       - Morabaha arrangements                                                                   54,124               26,661
       - Participation term certificates                                                         10,500                5,172
       - Term finance certificates                                                               12,905                6,357
                                                                                                 77,529               38,190
      Less: Provision for impairment loss on held to maturity investments                       (77,529)             (38,190)
                                                                                                    -                    -
                                                                                             32,554,572           27,109,864

4.1   The investment portfolio of the Fund specifying the movement in portfolio during the period since the preceding
      accounting period, the carrying value and market value of the investments held and the value of each holding as a
      percentage of the net asset value, total investments of the Fund and investee paid up capital has been set out in
      Annexures 1 to 3 to these condensed interim financial statements.

4.2   As at March 31, 2010 the market value of securities given as collateral against short term finances amounted to Rs
      2,923.40 million (June 30 , 2009: Rs 2,526.79 million).

4.3   Investment include shares with market value of Rs 734.69 million (June 30, 2009: Rs. 625.485 million) which have been
      pledged with National Clearing Company of Pakistan Limited for guaranteeing settlement of the Fund's trades in
      accordance with Circular no. 11 dated October 22, 2007 issued by the Securities and Exchange Commission of
      Pakistan.
                                                                                          March 31,2010        June 30,2009
                                                                                           (Unaudited)           (Audited)
4.4   Net unrealised appreciation / (diminution) on re-measurement of investments          -----------Rupees in '000-----------
        classified as 'at fair value through profit or loss' - held for trading
      Market value of investments                                                             3,009,081             3,663,955
      Less: Carrying value of investments                                                     2,299,525             5,808,975
                                                                                                709,556            (2,145,020)
4.5   Net unrealised appreciation / (diminution) on re-measurement of investments
        classified as 'available for sale'
      Market value of investments                                                            29,545,492           23,445,909
      Less: Carrying value of investments - net of impairment                                15,005,860           14,654,209
                                                                                             14,539,631            8,791,700
      Less: Net unrealised appreciation in fair value of investments
        at the beginning of period                                                            8,791,700            9,614,294
                                                                                              5,747,931             (822,594)
4.6   Impairment against equity securities classified as 'available for sale'
      During the period, based on a scrip wise analysis of the deficit arising on revaluation of quoted shares, closed end
      mutual funds and open end mutual funds classified as 'available for sale', it has been determined that an amount of Rs
      81.705 million should be charged to the income statement as impairment loss. This impairment loss has been fully
      recognised and the charge has been reflected in the condensed interim income statement of the Fund.

5     CONTINGENCIES AND COMMITMENTS
      There were no other contingencies and commitments outstanding as at March 31, 2010 except those disclosed in
      interim financial statements of December 31, 2009.




                                                      9/11
6   NUMBER OF UNITS IN ISSUE
                                                                                   ---------------March 31, 2010-------------------                 June 30, 2009
                                                                             Registered                 Bearer                   Total                    Total

                                                                                       ------------------------(Number of units)------------------------

    Total outstanding at the beginning of the period                           993,127,807              28,805,140          1,021,932,947              861,992,240

    Add: Sales during the period                                                84,852,657                         -            84,852,657             157,727,683

    Units issued under Cumulative Investment
        Plan (CIP) during the period                                            37,021,191                         -            37,021,191               47,342,274

    Conversion of bearer units into registered                                        75,280                 (75,280)                       -                       -

                                                                             1,115,076,935              28,729,860          1,143,806,795            1,067,062,197

    Less: Repurchases during the period                                        (96,280,702)                (295,300)           (96,576,002)             (45,129,250)

    Total units in issue at the end of the period                            1,018,796,233              28,434,560          1,047,230,793            1,021,932,947

7   TAXATION

    The income of the Fund 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 ninety percent of its accounting income for the year, as reduced by
    capital gains, whether realised or unrealised, is distributed amongst the unit holders. The Fund intends to distribut such
    accounting income, if any, for the year ending June 30, 2010 to its unit holders. Accordingly, no tax liability has been recorded
    in the current period.

8   EARNINGS PER UNIT
                                                                                    Nine Months ended,                                Quarter ended,
                                                                           March 31, 2010            March 31, 2009        March 31, 2010          March 31, 2009
                                                                                   ----------------------------------Unaudited----------------------------------
                                                                      --------------------------------------------Rupees in '000--------------------------------------------
    Net income / (loss) with unrealised appreciation / (diminution)
       on remeasurement of investments classified as financial
       assets at fair value through profit or loss                                 2,549,711           (13,529,131)                  864,404               1,315,719

    Net income / (loss) without unrealised appreciation / (diminution)
       on remeasurement of investments classified as financial assets
       at fair value through profit or loss and impairment loss on
       securities classified as 'available for sale'                               1,921,860               4,265,594                 799,407                  682,656

                                                                         ------------------------------------Number of units in '000------------------------------------


    Units outstanding units as at period end                                       1,047,231                 987,331               1,047,231                  987,331

                                                                             -------------------------------------Rupees per unit------------------------------------
    Net income / (loss) with unrealised appreciation / (diminution)
       on remeasurement of investment classified as financial
       assets at fair value through profit or loss                                        2.43                (13.70)                     0.83                    1.33

    Net income / (loss) without unrealised appreciation / (diminution)
       on remeasurement of investments classified as financial assets
       at fair value through profit or loss and impairment loss on
       securities classified as 'available for sale'                                      1.84                    4.32                    0.76                    0.69

9   TRANSACTIONS WITH CONNECTED PERSONS

    Connected persons include National Investment Trust Limited being the Management Company, National Bank of Pakistan
    being the Trustee, other collective investment schemes managed by the Management Company, any person or company
    beneficially owning directly or indirectly ten percent or more of the capital of the Management Company or the Fund and
    directors and key management personnel of the Management Company.

    Transactions with connected persons essentially comprise sale and repurchase of units, fee on account of managing the
    affairs of the Fund, sales load and other charges and dividend paid to connected persons. The transactions with connected
    persons are in the normal course of business, at contracted rates and at terms determined in accordance with market rates.




                                                             10/11
       The details of significant transactions carried out by the Fund with connected persons and balances with them at period end are
       as follows:

                                                                           -----------------------------------Unaudited----------------------------------
                                                                             Nine Months ended                                Quarter ended
                                                                      March 31, 2010 March 31, 2009 March 31, 2010 March 31, 2009
       Transactions during the period                                     -------------------------------Rupees in '000-------------------------------

       National Investment Trust Limited - Manageemnt Company
       33,955,481 units issued including CIP (2009: 1,110 units)          1,077,753                      47              1,077,728                       -
       Management participation fee                                         232,326                 217,867                 80,309                   54,348
       Preliminary charges and handling fee                                  50,993                  42,643                 26,118                    4,005
       Dividend distributed during the period                                    27                      47                     -                        -

       National Bank of Pakistan - Trustee
       Mark-up in income for the year                                                -                 9,556                        -                       527

       Directors and key manageemnt personnel
       60,929 units issued (2009: 2,297 units)                                  1,600                    100                        -                        -
       51,954 units issued under CIP (2009: 40,882 units)                       1,308                  1,740                        -                        -
       Dividend distributed during the period                                   1,496                  1,933                        -                        -

                                                                                                                      Unaudited                 Audited
                                                                                                                   March 31, 2010   June 30,2009
       Amount outstanding as at period end                                                                                 Rupees in '000

       National Investment Trust Limited - Manageemnt Company
       33,964,216 units held (June 30, 2009: 8,375)                                                                      1,068,514                    227
       Receivable from management company                                                                                    1,227                368,706
       Payable to manageemnt company                                                                                       114,954              1,113,986




       National Bank of Pakistan - Trustee
       Bank balances                                                                                                       461,057                 272,013
       Accrued markup                                                                                                           18                      37
       7,573,341 shares held (June 30, 2009: 7,208,673)                                                                    513,700                 483,198

       Directors and key manageemnt personnel
       573,119 units held (June 30, 2009: 469,735)                                                                           18,030                  12,747

10     DATE OF AUTHORISATION FOR ISSUE

       These financial statements were authorised for issue on April 12, 2010 by the Board of Directors of the Management Company.

       The significant prior year's figures which have been reclassified consequent upon certain
11     GENERAL

11.1   Figures have been rounded off to the nearest thousand Rupees.

11.2   The bifurcation of undistributed income into realised and unrealised income at the beginning and end of the period as required
       by the NBFC Regulations has not been disclosed as such bifurcation is not practicable.




                                                      For National Investment Trust Limited
                                                              (Management Company)




          Managing Director                                       Director                                                               Director




                                                             S.V.P. / Divisional Head
                                                      For National Bank of Pakistan (Trustee)




                                                        11/11
NI(U)T FUND
INVESTMENT HELD FOR TRADING
AS AT MARCH 31, 2010



                                                                                               Number of shares

            Name of Investtee Company                              Purchase    Bonus Issue
                                                                                                Right Issue
                                             As at July 1, 2009   during the   during the
                                                                                             during the period
                                                                    period       period

OIL & GAS
ATTOCK REFINERY LIMITED                           1,663,134               -            -                 -
MARI GAS COMPANY LIMITED                              84,299              -        84,299                -
NATIONAL REFINERY LIMITED                            405,864              -            -                 -
OIL & GAS DEVELOPMENT CO.                         4,401,831               -            -                 -
PAKISTAN OILFIELDS LIMITED                           694,191              -            -                 -
PAKISTAN PETROLEUM LIMITED                        2,818,888               -       333,777                -
PAKISTAN REFINERY LIMITED                             21,616              -            -                 -
PAKISTAN STATE OIL CO. LIMITED                       728,674              -            -                 -
SHELL PAKISTAN LIMITED                                2,305               -           -                  -
                                                 10,820,802               -       418,076                -
CHEMICALS
BOC PAKISTAN LIMITED                                  66,660              -            -                 -
DAWOOD HERCULES CHEMICALS LIMITED                    267,718              -        26,771                -
DEWAN SALMAN FIBRE LIMITED.                       1,766,986               -            -                 -
ENGRO CORPORATION LIMITED                            587,528        350,000        28,752                -
FAUJI FERTILIZER BIN QASIM LIMITED                1,423,090               -            -                 -
FAUJI FERTILIZER COMPANY LIMITED.                 3,698,596               -            -                 -
I.C.I PAKISTAN LIMITED                               328,181              -            -                 -
LOTTE PAKISTAN PTA LTD                            3,515,471               -            -                 -
SITARA CHEMICAL INDUSTRIES LIMITED                   19,585             -             -                  -
                                                 11,673,815         350,000        55,523                -
FORESTRY AND PAPER
CENTURY PAPER AND BOARD MILLS LIMITED                 52,518              -            -                 -
SECURITY PAPERS LIMITED                               34,812              -            -                 -
                                                      87,330              -            -                 -

INDUSTRIAL METALS AND MINING
CRESCENT STEEL AND ALLIED PROUDCTS LIMITED            16,596              -            -                 -
INTERNATIONAL INDUSTRIES LIMITED                      50,832              -            -                 -
                                                      67,428              -            -                 -
CONSTRUCTION & METERIALS
ALABBAS CEMENT INDUSTRIES LIMITED                    788,148              -            -                 -
ATTOCK CEMENT PAK.LTD                                 26,838              -          5,367               -
CHERAT CEMENT COMPANY LIMITED                 56,488        -         -         -
D. G. KHAN CEMENT CO. LIMITED               2,582,991       -         -         -
D.G.KHAN CEMENT                                   -         -         -     486,598
LUCKY CEMENT LIMITED                        1,352,226   250,000       -         -
MAPLE LEAF CEMENT FACTORY LIMITED             922,806       -         -         -
                                            5,729,497   250,000     5,367   486,598
GENERAL INDUSTRIALS
GHANI GLASS MILLS LIMITED                   1,058,498       -     105,849       -
PACKAGES LIMITED                               9,145        -         -         -
SIEMENS PAKISTAN ENGINEERING CO. LIMITED      34,713        -         -         -
TRIPACK FILMS LIMITED                         484,358       -         -         -
                                        -   1,586,714       -     105,849       -
ELECTRONIC AND ELECTRICAL EQUIPMENT
PAK ELEKTRON CONVERTIBLE PREFERENCE          307,869        -         -         -
PAK ELEKTRONNON CONVERTIBLE PREFERENCE        923,607       -         -         -
                                            1,231,476       -         -         -
INDUSTRIAL ENGINEERING
HINOPAK MOTORS LIMITED                         9,152        -         -         -
MILLAT TRACTORS LIMITED                       12,306        -       3,076       -
                                              21,458        -       3,076       -
INDUSTRIAL TRANSPORTION
PAKISTAN INTERNATIONAL AIRLINES CORP.       2,410,150       -         -         -
                                            2,410,150       -         -         -
AUTO MOBILE & PARTS
ALGHAZI TRACTORS LIMITED                         496        -         -         -
DEWAN FAROOQUE MOTORS LIMITED                  5,418        -         -         -
HONDA ATLAS CARS LIMITED                     389,158        -         -         -
PAK SUZUKI MOTOR CO. LIMITED                   1,090        -         -         -
                                             396,162        -         -         -
FOOD PRODUCERS
HABIB ADM LIMITED                            119,017        -         -         -
                                             119,017        -         -         -
HOUSEHOLD GOODS
PAK ELEKTRON LIMITED                         673,698        -      67,369       -
                                             673,698        -      67,369       -
PERSONAL GOODS
AZGARD NINE LIMITED                          144,302        -         -         -
BANNU WOOLLEN MILLS LIMITED                  374,490        -         -         -
BLEESED TEXTILE MILLS LIMITED                 32,018        -         -         -
CRESCENT TEXTILE MILLS LIMITED               190,058        -         -         -
D.S.INDUSTRIES LIMITED                       883,102        -         -         -
DIN TEXTILE MILLS LIMITED                     18,943        -         -         -
FATEH TEXTILE MILLS LIMITED.                  58,125        -         -         -
GADOON TEXTILE MILLS LIMITED                      513,399    -      -         -
GATRON INDUSTRIES LIMITED                             738    -      -         -
GUL AHMED TEXTILE MILLS LIMITED                   853,784    -      -         -
IBRAHIM FIBRES LIMITED                             18,530    -      -         -
KOHINOOR MILLS                                   1,662,229   -      -         -
KOHINOOR TEXTILE MILLS LIMITED                     71,577    -      -         -
MAQBOOL TEXTILE MILLS LIMITED.                    245,873    -      -         -
MEHMOOD TEXTILE MILLS LIMITED                      75,128    -   37,733       -
NESTLE PAKISTAN LIMITED                              2,796   -      -         -
NISHAT (CHUNIAN) LIMITED.                         475,236    -      -         -
NISHAT (CHUNIAN) LTD CONVERTIBLE PREF. SHARES     237,618    -      -         -
NISHAT MILLS LIMITED                             1,830,997   -      -         -
NISHAT MILLS LIMITEDRIGHT                              -     -      -     508,948
PAKISTAN SYNTHETICS LIMITED                      2,656,283   -      -         -
PREMIUM TEXTILE MILLS LIMITED                        2,216   -      -         -
RUPALI POLYESTER LIMITED                          202,223    -      -         -
SAIF TEXTILE MILLS LIMITED                         46,244    -      -         -
SAPPHIRE FIBERS LIMITED                           322,552    -   40,319       -
SAPPHIRE TEXTILE MILLS LIMITED                    571,112    -      -         -
SERVICE INDUSTRIES LTD                           1,681,975   -      -         -
THAL LIMITED                                         6,861   -    1,372       -
UNILEVER BROTHERSPREFERENCE                           123    -      -         -
UNILEVER PAKISTAN LIMITED                             589    -      -         -
WAZIR ALI INDUSTRIES LIMITED                           102   -      -         -
                                                13,179,223   -   79,424   508,948
TOBACCO
PAKISTAN TOBACCO CO. LIMITED                       29,714    -      -         -
                                                   29,714    -      -         -
PHARMA AND BIO TECH
ABBOT LABOATORIES (PAKISTAN) LIMITED               77,509    -      -         -
GLAXOSMITHKLINE (PAK) LIMITED                      84,253    -      -         -
HIGHNOON LABORATORIES LIMITED                      98,717    -      -         -
                                                  260,479    -      -         -
MEDIA
SOUTHERN NETWORKS LIMITED                         301,260    -      -         -
                                                  301,260    -      -         -
TRAVEL AND LEISURE
PAKISTAN SERVICES LIMITED                         210,756    -      -         -
                                                  210,756    -      -         -
FIXED LINE TELECOMMUNICATION
CALLMATE TELIPS TELECOM                                83    -      -         -
PAKISTAN TELECOMMUNICATION COMPANY               1,271,184   -      -         -
TELECARD LIMITED                                  449,735    -      -         -
WORLDCALL TELECOM LIMITED                 310,591   -         -            -
                                        2,031,593   -         -            -
ELECTRICITY
HUB POWER COMPANY LIMITED               1,303,059   -         -            -
KARACHI ELECTRIC SUPPLY CO.LIMITED      9,170,161   -         -            -
KARACHI ELECTRIC SUPPLY CO.LIMITED      2,842,750   -         -            -
KOHINOOR ENERGY LIMITED                  660,867    -         -            -
KOT ADDU POWER CO.LIMITED                 908,329   -         -            -
                                       14,885,166   -         -            -
GAS WATER AND MULTIUTILITIES
SUI NORTHERN GAS PIPELINES LIMITED        41,067    -         -            -
SUI SOUTHERN GAS CO. LIMITED            5,546,967   -         -            -
                                        5,588,034   -         -            -
BANKS
ALLIED BANK LIMITED                      104,074    -        407           -
ASKARI BANK LIMITED                      695,362    -    139,072           -
BANK AL FALAH LIMITED                   1,740,025   -         -            -
BANK AL HABIB LIMITED                   3,001,811   -    600,362           -
BANK OF PUNJAB LIMITED.                  221,430    -         -            -
FAYSAL BANK LIMITED                     1,795,153   -         -            -
HABIB BANK LIMITED                        95,880    -      4,588           -
HABIB METROPOLITAN BANK LIMITED          444,588    -     71,134           -
JS BANK LTD                               72,000    -         -            -
KASB BANK LIMITED                            492    -        127           -
MCB BANK LIMITED                          66,220    -         -            -
MEEZAN BANK LIMITED                          121    -         -            -
NATIONAL BANK OF PAKISTAN LTD           2,816,956   -    466,739           -
NIB BANK LTD                           19,092,042   -         -            -
SAMBA BANK LIMITED                      1,777,740   -         -            -
SAMBA BANK LTDRIGHT                           -     -         -      1,128,153
SILKBANK LIMITED (SAUDI PAK.}           2,698,371   -         -      8,391,934
SONERI BANK LIMITED                     2,857,930   -         -       571,586
SONERI BANK LTDRIGHT                          -     -         -            -
UNITED BANK LIMITED                       353,210   -      10,321          -
                                       37,833,405   -   1,292,750   10,091,673
FINANCIAL SERVICES
AL ZAMIN LEASING CORPORATION LIMITED     129,420    -         -            -
ASKARI LEASING                           131,915    -         -            -
CAPITAL ASSET LEASING                         36    -         -            -
ENGLISH LEASING                          707,261    -         -            -
FIRST DAWOOD INV. BANK                   109,415    -         -            -
INVEST CAPITAL INVESTMENT BANK LTD            -     -         -            -
JS INVESTMENTS                            34,480    -         -            -
NATIONAL ASSET LEASING CORP.            265,013        -           -            -
NATOVER LEASE & REFINANCE               729,349        -           -            -
SAUDI PAK LEASING                       133,185        -           -            -
STANDARD CHARTERED LEASING              773,924        -           -            -
TRUST INVESTMENT BANK LIMITED                 55       -           -            -
                                       3,014,053       -           -            -
EQUITY INVESTMENT INSTRUMENT
ALNOOR MODARBA FIRST                   1,034,440       -           -            -
ALZAMIN LEASING MODARBA                2,312,127       -           -            -
B.F.MODARBA                             416,709        -           -            -
B.R.R. GUARDIAN MODARBA                3,006,274       -           -            -
CRESCENT STANDARD MODARABA              185,214        -           -            -
ELITE CAPITAL MODARBA FIRST             925,620        -           -            -
EQUITY MODARBA FIRST                   1,780,110       -           -            -
FIRST FIDELITY LEASING MODARBA         1,028,078       -           -            -
IBL MODARBA FIRST                      1,426,774       -           -            -
KASB MODARABA                           687,745        -           -            -
MODARBA AL MALI                         144,310        -           -            -
PAKISTAN STRATEGIC ALLOCATION FUND     1,238,865       -           -            -
PICIC ENERGY FUND                      1,477,772       -           -            -
PICIC GROWTH FUND                        37,442        -           -            -
PRUDENTIAL MODARABA FIRST               341,251        -           -            -
PUNJAB MODARABA FIRST                  1,168,034       -           -            -
STANDARD CHARTERED MODARABA            3,152,598       -           -            -
TRISTAR MODARABA FIRST                  297,278        -           -            -
U.D.L. MODARABA FIRST                  1,714,625       -           -            -
UNICAP MODARABA                          349,197       -           -            -
                                      22,724,463       -           -            -

GRAND TOTAL                          134,875,693   600,000   2,027,434   11,087,219
Number of shares                                                            Balance as at March 31, 2010
                     Merger/                                                                                                          Investee
                                                                                                                   % age of    Net
                    Demerger    Sale        during   As At March 31,                                                                 Co. Paid-up
                                                                       Carrying Value        Market Value          Assets
                   Adjustment       the period            2010                                                                         Capital
                     Effects


                           -                  -          1,663,134          207,542                  191,709                  0.58         1.95
                           -                  -             168,598           12,546                  23,152                  0.07         0.23
                           -                  -             405,864           89,298                  73,250                  0.22         0.51
                           -          4,400,000               1,831               144                       238               0.00         0.00
                           -            650,000              44,191            6,447                  10,334                  0.03         0.02
                           -          2,250,000             902,665         142,576                  176,399                  0.53         0.09
                           -                  -              21,616            1,941                       2,322              0.01         0.06
                           -            600,000             128,674           27,491                  39,862                  0.12         0.08
                           -                -                2,305              516                      694                  0.00         0.00
                           -          7,900,000          3,338,878          488,503                  517,960                  1.57
                                                                                -                        -
                           -                  -              66,660            7,666                       8,456              0.03         0.27
                           -                  -             294,489           34,404                  69,049                  0.21         0.27
                           -                  -          1,766,986             2,633                       3,976              0.01         0.48
                           -            900,000              66,280            8,675                  13,244                  0.04         0.02
                           -            450,000             973,090           17,214                  30,973                  0.09         0.10
                           -          1,850,000          1,848,596          160,735                  202,772                  0.61         0.27
                           -                  -             328,181           46,027                  53,205                  0.16         0.24
                           -          3,500,000              15,471                44                       169               0.00         0.00
                           -                -               19,585            3,055                    3,080                  0.01         0.10
                           -          6,700,000          5,379,338          280,454                  384,925                  1.17
                                                                                -                        -
                           -                  -              52,518               693                       915               0.00         0.07
                           -                  -              34,812            1,741                       1,643              0.00         0.08
                           -                  -              87,330            2,433                       2,558              0.01
                                                                                 -                           -
                                                                                 -                           -
                           -                  -              16,596               298                       447               0.00         0.03
                           -                  -              50,832            2,292                       2,988              0.01         0.05
                           -                  -              67,428            2,590                       3,435              0.01
                                                                                 -                           -
                           -                  -             788,148            5,517                       7,472              0.02         0.43
                           -             32,205                  -                -                          -                 -            -
-       -       56,488        764        667    0.00   0.06
-   150,000   2,432,991    72,138     76,372    0.23   0.80
-       -      486,598        -        5,542    0.02   0.19
-   450,000   1,152,226    70,437     93,664    0.28   0.36
-       -       922,806     3,931      4,153    0.01   0.25
-   632,205   5,839,257   152,788    187,869    0.57
                              -          -
-       -     1,164,347    60,334     65,203    0.20   1.20
-       -        9,145      1,436      1,189    0.00   0.01
-       -       34,713     35,338     46,875    0.14   0.42
-       -       484,358    48,383     49,962    0.15   1.61
-       -     1,692,563   145,491    163,229    0.49
                              -          -
-       -      307,869      3,079      3,079    0.01    -
-       -       923,607     9,236      9,236    0.03    -
-       -     1,231,476    12,315     12,315    0.04
                              -          -
-       -        9,152      1,405      1,612    0.00   0.07
-       -       15,382      3,436      7,000    0.02   0.04
-       -       24,534      4,841      8,611    0.03
                              -          -
-       -     2,410,150     8,002      7,086    0.02   0.12
-       -     2,410,150     8,002      7,086    0.02
                              -          -
-      496          -         -          -       -      -
-     5,418         -         -          -       -      -
-       -      389,158      5,001      6,367    0.02   0.27
-       -        1,090          74         87   0.00   0.00
-     5,914    390,248      5,075      6,453    0.02
                              -          -
-       -      119,017      1,910      1,903    0.01   0.30
-       -      119,017      1,910      1,903    0.01
                              -          -
-       -      741,067     16,512     11,175    0.03   0.69
-       -      741,067     16,512     11,175    0.03
                              -          -
-       -      144,302      3,195      2,012    0.01   0.04
-       -      374,490      5,082      4,775    0.01   4.92
-     5,600     26,418      1,050        938    0.00   0.41
-       -      190,058      4,656      5,417    0.02   0.39
-       -      883,102      2,729      2,702    0.01   1.47
-       -       18,943        245        479    0.00   0.10
-       -       58,125     27,223     20,344    0.06   4.65
    -         -       513,399      8,225      18,898     0.06    2.19
    -        738           -         -           -        -       -
    -         -       853,784     33,161      20,081     0.06    1.34
    -         -        18,530       552         669      0.00    0.01
    -         -      1,662,229     8,078       5,535     0.02    3.26
    -         -        71,577       316         553      0.00    0.05
    -         -       245,873      3,366       2,830     0.01    1.46
    -         -       112,861      5,409       5,914     0.02    0.75
    -         -          2,796     3,053       3,579     0.01    0.01
237,618       -       712,854      6,468      14,300     0.04    0.57
    -         -       237,618      2,376       4,693     0.01    0.57
    -     700,000    1,130,997    42,774      63,698     0.19    0.47
    -         -       508,948        -         7,863     0.02    0.32
    -         -      2,656,283    16,150      23,880     0.07    4.74
    -         -          2,216       65          59      0.00    0.04
    -         -       202,223      5,955       7,076     0.02    0.59
    -         -        46,244       185         185      0.00    0.18
    -         -       362,871     27,417      40,660     0.12    1.84
    -         -       571,112     39,407      50,486     0.15    2.84
    -         -      1,681,975   178,340     522,724     1.58   13.98
    -         -          8,233      531         667      0.00    0.02
    -         -           123       237         237      0.00     -
    -         -           589      1,149       2,043     0.01    0.00
    -         102          -         -           -        -       -
237,618   706,440   13,298,773   427,396     833,295     2.53
                                     -           -
    -         -        29,714      2,165       3,447     0.01    0.01
    -         -        29,714      2,165       3,447     0.01
                                     -           -
    -         -        77,509      6,216       7,596     0.02    0.08
    -         -        84,253     10,094       8,173     0.02    0.05
    -         -        98,717      3,010       3,060     0.01    0.60
    -         -       260,479     19,320      18,829     0.06
                                     -           -
    -         -       301,260       404         404      0.00    0.60
    -         -       301,260       404         404      0.00
                                    -           -
    -         -       210,756     23,826      24,650     0.07    0.65
    -         -       210,756     23,826      24,650     0.07
                                     -           -
    -         -            83            0           0   0.00    0.00
    -     500,000     771,184     13,295      16,203     0.05    0.02
    -         -       449,735       778        1,358     0.00    0.15
       -           -         310,591       776       1,463     0.00   0.04
       -       500,000     1,531,593    14,850      19,024     0.06
                                           -           -
       -       638,508      664,551     18,003      22,774     0.07   0.06
       -            -      9,170,161    24,301      26,318     0.08   0.07
(2,842,750)         -            -         -           -        -      -
       -            -       660,867     19,165      20,883     0.06   0.39
       -       200,000       708,329    29,934      31,854     0.10   0.08
(2,842,750)    838,508    11,203,908    91,403     101,829     0.31
                                           -           -
       -            -        41,067      1,312       1,418     0.00   0.01
       -            -      5,546,967    77,658     117,207     0.36   0.83
       -            -      5,588,034    78,970     118,625     0.36
                                           -           -
       -       100,000         4,481      153         269      0.00   0.00
       -            -       834,434     10,625      17,707     0.05   0.16
       -            -      1,740,025    18,355      21,591     0.07   0.13
       -            -      3,602,173    76,516     104,319     0.32   0.59
       -       221,430           -         -           -        -      -
       -            -      1,795,153    17,377      30,715     0.09   0.29
       -        50,000       50,468      3,948       5,580     0.02   0.01
       -            -       515,722     11,030      12,764     0.04   0.07
       -            -        72,000       434         289      0.00   0.01
       -            -           619            5           3   0.00   0.00
       -        66,220           -         -           -        -      -
       -           121           -         -           -        -      -
       -      1,200,000    2,083,695   111,736     141,337     0.43   0.19
       -            -     19,092,042    90,687      78,659     0.24   0.47
       -            -      1,777,740     5,298       5,333     0.02   0.20
       -            -      1,128,153       -           34      0.00   0.13
       -            -     11,090,305    35,578      34,934     0.11   1.23
       -            -      3,429,516    37,039      30,111     0.09   0.68
       -            -            -         -           -        -      -
       -        350,000       13,531       471         807     0.00   0.00
       -      1,987,771   47,230,057   419,253     484,454     1.47
                                           -           -
 (129,420)          -            -         -           -        -      -
       -            -       131,915      3,216       1,844     0.01   0.25
       -            36           -         -           -        -      -
       -            -       707,261      1,047        785      0.00   8.84
       -            -       109,415       336         185      0.00   0.17
6,322,138           -      6,322,138     9,491       9,167     0.03   2.22
       -            -        34,480       584         304      0.00   0.03
       -             -        265,013           27           27    0.00   2.78
       -             -        729,349        5,105        5,105    0.02   8.31
       -             -        133,185          265          160    0.00   0.29
       -             -        773,924        1,556        2,848    0.01   0.79
      -              55            -           -            -       -      -
6,192,718            91      9,206,680      21,626       20,425    0.06
                                               -            -
       -             -       1,034,440       3,569        2,803    0.01   4.93
(2,312,127)          -             -           -            -       -      -
       18            -        416,727          708        1,663    0.01   6.10
       -             -       3,006,274       8,117        5,982    0.02   3.85
       -             -        185,214          102           91    0.00   0.93
       -             -        925,620        1,962        2,453    0.01   8.16
       -             -       1,780,110       1,762        3,097    0.01   3.39
       -             -       1,028,078       2,673        2,159    0.01   3.89
       -             -       1,426,774       7,776        3,553    0.01   7.07
       -             -        687,745        2,132        1,678    0.01   2.43
       -             -        144,310          216          199    0.00   0.78
       -             -       1,238,865       4,249        6,008    0.02   0.41
       -             -       1,477,772       6,650        7,537    0.02   1.48
       -             -         37,442          315          479    0.00   0.01
       -             -        341,251          382          328    0.00   0.39
       -             -       1,168,034       1,986        1,752    0.01   3.43
       -             -       3,152,598      29,477       27,049    0.08   6.95
       -             -        297,278        1,216          401    0.00   1.40
       -             -       1,714,625       6,018        9,276    0.03   6.50
       -             -         349,197           87           70   0.00   2.56
(2,312,109)          -      20,412,354      79,398       76,579    0.23
                                               -            -
1,275,477     19,270,929   130,594,894   2,299,525    3,009,081    9.12
NI(U)T FUND
INVESTMENT - AVAILABLE FOR SALE
AS AT MARCH 31, 2010



                                                                                   Number of shares
                                                        Purchase     Bonus Issue    Right Issue
      Name of Investtee Company        As at July 1,
                                                       during the    during the     during the
                                          2009
                                                         period        period         period
OPEN END MUTUAL FUNDS
AKD INCOME FUND                              108,691           -             -               -
FAYSAL SAVINGS GROWTH FUND                    50,624           -             -               -
FIRST HABIB INCOME FUND                      124,994           -             -               -
HBL INCOME FUND                              379,225           -             -               -
HBL MULTI ASSET FUND                         750,000           -             -               -
HBL STOCK FUND                               264,573           -             -               -
IGI INCOME FUND                              127,430           -             -               -
                                          1,805,537            -             -               -
OIL & GAS
ATTOCK REFINERY LIMITED                    4,027,598           -             -               -
MARI GAS COMPANY LIMITED                   1,566,707           -       1,566,707             -
NATIONAL REFINERY LIMITED                  4,274,528           -             -               -
OIL & GAS DEVELOPMENT CO.                  3,868,472           -             -               -
PAKISTAN OILFIELDS LIMITED                 3,167,855           -             -               -
PAKISTAN PETROLEUM LIMITED                 1,029,119           -         205,823             -
PAKISTAN REFINERY LIMITED                  1,575,000           -             -               -
PAKISTAN STATE OIL CO. LIMITED           12,814,137            -             -               -
SHELL GAS LPG LIMITED                      1,534,033           -             -               -
                                         33,857,449            -       1,772,530             -
CHEMICALS
ADIL POLYPROPLENE LIMITED                    136,201           -             -               -
AGRITECH LIMITED (PAK.AMERICAN FERT)              -      6,666,667           -               -
BAWANY AIR PRODUCTS LIMITED                   74,314           -             -               -
BOC PAKISTAN LIMITED                         900,681           -             -               -
CLARIANT PAKISTAN LIMITED                  1,552,377           -             -               -
DAWOOD HERCULES CHEMICALS LIMITED            214,304           -          21,430             -
DEWAN SALMAN FIBRE LIMITED.                4,192,737           -             -               -
DYNEA PAKISTAN LIMITED                     1,787,610           -             -               -
ENGRO CORPORATION LIMITED                  1,262,137       750,000       201,213             -
FATIMA FERTILIZER COMPANY                         -      5,299,257           -               -
FAUJI FERTILIZER BIN QASIM LIMITED           650,000       500,000           -               -
FAUJI FERTILIZER COMPANY LIMITED.        26,285,813            -             -               -
I.C.I PAKISTAN LIMITED                       128,351     481,839        -         -
LEINER PAK GELATINE LIMITED                   27,277          -         -         -
LOTTE PAKISTAN PTA LTD                     5,049,259          -         -         -
NIMIR RESINS LIMITED                         513,395          -         -         -
PAKISTAN GUM AND CHEMICLAS LIMITED            97,057          -         -         -
POLYRON LIMITED                                 147           -         -         -
SARDAR CHEMICAL INDUSTRIES LIMITED           147,777          -         -         -
SIND ALKALIS LIMITED                         704,745          -         -         -
SITARA CHEMICAL INDUSTRIES LIMITED           662,495          -         -         -
SITARA PEROXIDE LTD                          104,322          -         -         -
UNITED DISTRIBUTORS PAKISTAN LIMITED.        411,244          -      41,124       -
WAH-NOBLE CHEMICALS LIMITED.                 636,624          -         -         -
                                          45,538,867   13,697,763   263,767       -
FORESTRY AND PAPER
ADAMJEE PAPER                                269,806          -         -         -
CENTRAL FOREST PRODUCTS LIMITED              147,777          -         -         -
CENTURY PAPER AND BOARD MILLS LIMITED      5,500,015          -         -         -
CHERAT PAPERSACK LIMITED.                       241           -         -         -
CHILYA C. BOARD                               43,200          -         -         -
PAK PAPER CORPORATION                        103,848          -         -         -
PAKISTAN PAPER PROUDUCTS LIMITED             289,780          -         -         -
PREMIER BOARD                                 29,998          -         -         -
SECURITY PAPERS LIMITED                    1,800,000          -         -         -
                                           8,184,665          -         -         -
INDUSTRIAL METALS AND MINING
BALOCHISTAN TOWER                             74,114          -         -         -
CRESCENT STEEL AND ALLIED PROUDCTS LIMITED 3,891,245          -         -         -
DOST STEELS LIMITED                           29,656          -         -         -
HUFFAZ SEAMLESS PIPE INDUSTRIES LIMITED      838,398          -     523,998       -
INTERNATIONAL INDUSTRIES LIMITED          10,464,279          -         -         -
KARACHI PIPE                                 156,102          -         -         -
METROPOLITAN STEEL CORPORATION LIMITED        98,518          -         -         -
NOWSHERA ENGG                                 26,057          -         -         -
QUALITY STEEL WORKS LIMITED                    3,422          -         -         -
RCD BALL                                      19,716          -         -         -
                                          15,601,507          -     523,998       -
CONSTRUCTION & METERIALS
AL-ABBAS CEMENT INDUSTRIES LIMITED            14,821          -         -         -
BALOCHISTAN GLASS LIMITED                    591,534          -         -         -
BERGER PAINTS PAKISTAN LIMITED               278,378          -         -         -
BERGER PAINTS RIGHT                              -            -         -     339,621
BUXLY PAINTS LIMITED                         175,218          -         -         -
CHERAT CEMENT COMPANY LIMITED              12,699,288           -         -         -
D. G. KHAN CEMENT CO. LIMITED                643,178       150,000        -         -
D.G.KHAN CEMENT-RIGHT                             -             -         -     158,635
DADABHOY CONSTRUCTION TECHNOLOGY LIMITED      69,085            -         -         -
DEDEX ETERNIT LIMITED                           5,832           -         -         -
DEWAN CEMENT LIMITED                        4,921,424           -         -         -
EMCO INDUSTRIES LIMITED                      754,929            -         -         -
FECTO CEMENT LIMITED                        1,570,478           -     157,047       -
JAVEDAN CEMENT LIMITED                            35            -         -         -
KARAM CERAMICES LIMITED                      358,232            -         -         -
KOHAT CEMENT LIMITED                         245,503            -         -         -
LAFARGE PAKISTAN CEMENT LIMITED            20,715,094           -         -         -
LUCKY CEMENT LIMITED                        3,537,763     1,097,742       -         -
MAPLE LEAF CEMENT FACTORY LIMITED           2,606,440           -         -         -
MUSTEHKAM CEMENT LTD NORMAIL                 678,819            -         -         -
PIONEER CEMENT LIMITED                      1,286,444           -         -         -
PUNJAB BUILDING                              443,845            -         -         -
REGAL CERAMICS LIMITED                        89,947            -         -         -
SHABBIR TILES AND CERAMICS LIMITED          3,535,939           -         -         -
THATTA CEMENT LIMITED                            275            -         -         -
ZEAL PAK CEMENT FACTORY LIMITED              486,248            -         -         -
                                           55,708,749     1,247,742   157,047   498,256
GENERAL INDUSTRIALS
BALOCHISTAN PARTICLE BOARD LIMITED           781,130            -         -         -
DADABHOY SACK LIMITED                         49,259            -         -         -
GHANI GLASS MILLS LIMITED                    654,204            -      65,420       -
HASHMI CAN COMPANY LIMITED                   160,986            -         -         -
MERIT PACKAGING LIMITED                      684,145            -         -         -
PACKAGES LIMITED                            4,569,383           -         -         -
SIEMENS PAKISTAN ENGINEERING CO. LIMITED     983,658            -         -         -
TRI-PACK FILMS LIMITED                       378,091            -         -         -
                                            8,260,856           -      65,420       -
ELECTRONIC AND ELECTRICAL EQUIPMENT
ASLO ELECTRONICS                              39,407            -         -         -
GREAVES AIRCONDITION                          59,110            -         -         -
HYDERABAD ELECTRONIC                          98,518            -         -         -
JOHNSON AND PHILLIPS (PAKISTAN) LIMITED      574,324            -         -         -
PAKISTAN CABLES LIMITED                     1,758,827           -         -         -
PUNJAB LAMP                                  108,468            -         -         -
REFR'S MANAG.CO.PK                                26            -         -         -
SINGER PAKISTAN LIMITED                               9         -         -         -
                                            2,638,689           -         -         -
INDUSTRIAL ENGINEERING
BOLAN CASTINGS LIMITED                       337,439    -    67,487   -
HINOPAK MOTORS LIMITED                       500,000    -       -     -
K.S.B. PUMPS CO. LIMITED                    1,501,659   -       -     -
MILLAT TRACTORS LIMITED                      312,512    -    78,128   -
TAXILA ENGINEERING COMPANY LIMITED           206,888    -       -     -
                                            2,858,498   -   145,615   -
INDUSTRIAL TRANSPORTION
PAKISTAN NATIONAL SHIPPING CORPORATION       436,564    -       -     -
PAN ISLAMIC STEAMSHIP CO. LIMITED               1,136   -       -     -
                                             437,700    -       -     -
SUPPORT SERVICES
TRG PAKISTAN                                1,078,741   -       -     -
                                            1,078,741   -       -     -
AUTO MOBILE & PARTS
AGRIAUTO INDUSTRIES LIMITED.                1,304,660   -       -     -
ATLAS ENGINEERING (ALLWIN) LIMITED             25,164   -       -     -
ATLAS HONDA LIMITED                          146,005    -       -     -
BALUCHISTAN WHEELS LIMITED                  1,592,160   -       -     -
BELA ENGINEERING LIMITED                     266,145    -       -     -
EXIDE PAKISTAN LIMITED                       388,992    -       -     -
GENERAL TYRE AND RUBBER CO. OF PAK. LIMITED 3,765,976   -       -     -
GHANDARA NISSAN LIMITED                     2,688,711   -       -     -
GHANDHARA INDUSTRIES LTD                     258,577    -       -     -
GHANI AUTOMOBILE INDUSTRIES LIMITED              147    -       -     -
HONDA ATLAS CARS LIMITED                    3,619,831   -       -     -
INDUS MOTOR COMPANY LIMITED                  873,608    -       -     -
PAK SUZUKI MOTOR CO. LIMITED                2,084,415   -       -     -
REX BAREN BATTERY                              56,155   -       -     -
SAIF NADEEM KAWASAKI MOTORS LIMITED             4,482   -       -     -
TAGA PAKISTAN LIMITED.                         96,055   -       -     -
                                           17,171,083   -       -     -
BEVERAGES
SHEZAN INTERNATIONAL LIMITED                1,141,177   -       -     -
UQAB BREEDING FARMS LIMITED                  139,748    -       -     -
                                            1,280,925   -       -     -
FOOD PRODUCERS
ADAM SUGAR MILLS LIMITED                         268    -       -     -
AL- ABBAS SUGAR MILLS LIMITED               1,427,183   -       -     -
AL-NOOR SUGAR MILLS LIMITED                 2,296,656   -       -     -
BABA FARID SUGAR MILLS LIMITED                   107    -       -     -
BAWANY SUGAR MILLS LIMITED                     27,523   -       -     -
CHASHMA SUGAR MILLS LIMITED.                 942,227    -         -     -
COLONY SUGAR MILLS LIMITED                   335,682    -         -     -
CRESCENT SUGAR MILLS AND DISTILLERY LIMITED 1,048,579   -         -     -
DATA AGRO LIMITED                              98,518   -         -     -
DEWAN SUGAR MILLS LIMITED                   2,415,432   -         -     -
FARAN SUGAR MILLS LIMITED                   2,668,982   -         -     -
HABIB SUGAR MILLS LIMITED                   8,283,681   -   2,070,920   -
HUSEIN SUGAR MILLS LIMITED                      1,282   -         -     -
KOHINOOR SUGAR MILLS LIMITED                 719,955    -         -     -
MIAN MUHAMMED SUGAR MILLS LIMITED            172,406    -         -     -
MIRPURKHAS SUGAR MILLS LIMITED               819,932    -     81,993    -
MIRZA SUGAR MILLS LIMITED.                        49    -         -     -
MORAFCO INDUSTRIES LIMITED                     57,409   -         -     -
NOON SUGAR MILLS LIMITED                       20,274   -      2,027    -
PAK GHEE INDUSTRIES LIMITED                    58,618   -         -     -
PANGRIO SUGAR MILLS LIMITED                  779,820    -         -     -
PREMIER SUGAR MILLS AND DISTILLERY CO.         73,463   -         -     -
PUNJAB OIL MILLS LIMITED                     292,999    -     73,249    -
SALEEM SUGAR LIMITED (O)                        8,761   -         -     -
SALEEM SUGER LTD .(P) 6 %                        198    -         -     -
SANGHAR SUGAR MILLS LIMITED                 1,063,616   -         -     -
SHAHMURAD SUGAR MILLS LIMITED               2,417,910   -         -     -
SHAHTAJ SUGAR MILLS LIMITED                  801,695    -         -     -
SHAKARGANJ MILLS LIMITED                    7,194,553   -         -     -
TANDLIANWALA SUGAR MILLS LIMITED               35,220   -         -     -
                                           34,062,998   -   2,228,189   -
HOUSEHOLD GOODS
AL-ABID SILK MILLS LIMITED.                  954,306    -         -     -
CASSPAK INDUSTRIES LIMITED                     54,184   -         -     -
NAKSHBANDI INDUSTRIES LIMITED                115,407    -         -     -
PAK ELEKTRON LIMITED                        6,522,044   -    652,204    -
                                            7,645,941   -    652,204    -
LEISURE GOODS
GRAYS OF CAMBRIDGE (PAKISTAN) LIMITED          70,202   -    245,707    -
                                               70,202   -    245,707    -
PERSONAL GOODS
(COLONY) SARHAD TEXTILE MILLS LIMITED        328,879    -         -     -
ACCORD TEXTILE LIMITED                       458,109    -         -     -
ADAMJEE FLOORINGS                              59,110   -         -     -
ADAMJEE INDUSTRIES                               121    -         -     -
ADIL TEXTILE MILLS LIMITED                     93,592   -         -     -
AFSAR TEXTILE MILLS                            64,184   -         -     -
AHMED HASSAN TEXTILE MILLS LIMITED           913,009    -   -   -
AL - QAIM TEXTILE MILLS LIMITED              358,753    -   -   -
AL-HUSSANY INDUSTRIES LIMITED                 61,573    -   -   -
ALIF TEXTILE MILLS LIMITED                   320,085    -   -   -
ALLAWASAYA TEX. AND WEAVING MILLS LIMITED         49    -   -   -
AMAZAI TEXTILE MILLS LIMITED                  20,299    -   -   -
APEX FABRICS LIMITED                         284,101    -   -   -
ARAG INDUSTRIES LTD                          189,220    -   -   -
ARUJ GARMENT ACCESSORIES LIMITED              67,780    -   -   -
ASIM TEXTILE MILLS LIMITED                  1,142,712   -   -   -
ASWAN TENTAGE LIMITED                        168,712    -   -   -
AWAN TEXTILE MILLS LIMITED                   213,390    -   -   -
AYAZ TEXTILE MILLS LIMITED.                  210,188    -   -   -
AZAM TEXTILE MILLS LIMITED.                  620,655    -   -   -
AZGARD NINE LIMITED                         1,064,053   -   -   -
BABRI COTTON MILLS LIMITED                    70,006    -   -   -
BAHAWALPUR TEXTILE MILLS LIMITED              64,258    -   -   -
BAIG SPINNING MILLS LIMITED                   51,106    -   -   -
BATA PAKISTAN LIMITED                       1,090,234   -   -   -
BAWANY TEXTILE MILLS                          84,233    -   -   -
BLEESED TEXTILE MILLS LIMITED                 23,152    -   -   -
BROTHERS TEXTILE MILLS LIMITED               617,961    -   -   -
CENTRAL COTTON                                34,948    -   -   -
CHAKWAL SPINNING MILLS LIMITED               754,008    -   -   -
COLONY MILLS LIMITED                        1,521,599   -   -   -
CRESCENT FIBRES LIMITED                      852,681    -   -   -
CRESCENT JUTE PROUDCTS LIMITED              1,488,808   -   -   -
CRESCENT KNITWEAR                             81,277    -   -   -
CRESCENT SPINNING MILLS LIMITED              727,080    -   -   -
CRESCENT TEXTILE MILLS LIMITED              1,870,010   -   -   -
CROWN TEXTILE                                317,647    -   -   -
D. M. TEXTILE MILLS LIMITED                  336,614    -   -   -
D.S.INDUSTRIES LIMITED                        44,780    -   -   -
DAR-ES-SALAAM TEXTILE MILLS LIMITED          266,787    -   -   -
DATA TEXTILE LIMITED                         618,595    -   -   -
DAWOOD LAWRENCEPUR LIMITED                   234,768    -   -   -
DEWAN KHALID TEXTILE MILLS LIMITED           279,486    -   -   -
DEWAN MUSHTAQ TEXYTILE MILLS LIMITED         240,424    -   -   -
DIN TEXTILE MILLS LIMITED                    281,239    -   -   -
ELLCOT SPINNING MILLS LIMITED                706,880    -   -   -
FAISAL SPINNING MILLS LIMITED                  1,527    -   -   -
FATEH INDUSTRIES LIMITED.                     23,062    -   -   -
FATEH SPORTS WEAR LIMITED                    45,219    -      -     -
FATEH TEXTILE MILLS LIMITED.                 35,925    -      -     -
FATIMA ENTERPRISES LIMITED                  628,671    -      -     -
FAZAL CLOTH MILLS LTD .                    1,105,611   -      -     -
FAZAL TEXTILE MILLS LIMITED                  67,755    -      -     -
FAZAL VEGETABLE GHEE MILLS LIMITED           42,005    -      -     -
GADOON TEXTILE MILLS LIMITED               1,335,356   -      -     -
GHAFFAR TEXT MILLS                           45,835    -      -     -
GHULAM MUHAMMAD DADABHOY                     49,259    -      -     -
GLOBE TEXTILE MILLS LIMITED                  65,972    -      -     -
GUL AHMED TEXTILE MILLS LIMITED             527,681    -      -     -
GULISTAN SPINNING MILLS LIMITED             265,532    -   26,553   -
GULISTAN TEXTILE MILLS LIMITED              667,834    -   66,783   -
GULSHAN SPINNING MILLS LIMITED              911,590    -   91,159   -
GYPSUM CORPORATION                          165,017    -      -     -
HAFIZ TEXTILE MILLS LIMITED.                  7,585    -      -     -
HAJI MOHAMMED ISMAIL MILLS LIMITED              147    -      -     -
HAJRA TEXTILE MILLS LIMITED                 518,063    -      -     -
HAKKIM TEXTILE MILLS LIMITED                257,368    -      -     -
HARUM TEXTILE MULLS LIMITED                  58,248    -      -     -
H-SHAIKH                                    113,022    -      -     -
I. C. C. TEXTILE LIMITED                    164,870    -      -     -
IBRAHIM FIBRES LIMITED                     1,800,000   -      -     -
IDEAL SPINNING MILLS LIMITED.               658,396    -      -     -
INDUS DYEING MANUFACTURING CO. LIMITED      525,295    -      -     -
INDUS POLYESTER COMPANY LIMITED                   4    -      -     -
INTERNATIONAL KNITWEAR LIMITED              110,832    -    8,312   -
ISHAQ TEXTILE MILLS LIMITED                 443,946    -      -     -
ITTI TEXTILE MILLS LIMITED                  163,151    -      -     -
J. A. TEXTILE MILLS LIMITED                 677,361    -      -     -
J. K. SPINNING MILLS LIMITED                324,568    -      -     -
JUBILEE SPINNING & WEAVING MILLS LIMITED        130    -      -     -
JUNAID COTTON MILLS LIMITED                  37,436    -      -     -
KAISER ARTS & KRAFTS MILLS LIMITED           36,944    -      -     -
KARIM COTTON MILLS LIMITED                  110,562    -      -     -
KARIM SILK MILLS LIMITED                     19,223    -      -     -
KHALID SIRAJ TEXTILE MILLS LIMITED          700,498    -      -     -
KOHAT TEXTILE MILLS LIMITED                  38,569    -      -     -
KOHINOOR COTTON                              62,553    -      -     -
KOHINOOR INDUSTRIES LIMITED                 334,468    -      -     -
KOHINOOR LOOMS LIMITED                      169,648    -      -     -
KOHINOOR MILLS                             2,859,830   -      -     -
KOHINOOR SPINNING MILLS LIMITED               602,327    -       -           -
KOHINOOR TEXTILE MILLS LIMITED               3,161,234   -       -           -
LAFAYETTE INDUSTRIES SYNTHETICS LIMITED        92,360    -       -           -
LAND MARK SPINNING INDUSTRIES LIMITED         447,937    -       -           -
MAQBOOL TEXTILE MILLS LIMITED.               1,420,216   -       -           -
MARR FABRICS LIMITED                          118,221    -       -           -
MASOOD TEXTILE MILLS LIMITED                 1,012,914   -       -           -
MASOOD TEXTILE MILLS LTD-RIGHT                     -     -       -     1,012,914
MEHR DASTGIR TEXTILE MILLS LIMITED             49,259    -       -           -
MEHRAN JUTE MILLS LTD                         121,543    -       -           -
MIAN TEXTILE MILLS LIMITED                    736,078    -       -           -
MITCHELL'S FRUIT FARMS LIMITED                562,203    -       -           -
MOHIB TEXTILE MILLS LIMITED                   159,813    -       -           -
MOONLITE (PAK) LIMITED                        115,477    -       -           -
MUBARIK DAIRIES LIMITED                        55,416    -       -           -
MUHAMMAD FAROOQ TEXTILE MILLS LIMITED        1,860,277   -       -           -
NAGINA COTTON MILLS LIMITED                      2,546   -       -           -
NAKSHBANDI INDUSTRIES - RIGHT                  65,781    -       -       (65,781)
NATIONAL MATCH INDUSTRIES                      26,452    -       -           -
NATIONAL OVERSEAS                              24,629    -       -           -
NAVEED TEXTILE MILLS                           70,637    -       -           -
NESTLE PAKISTAN LIMITED                        98,000    -       -           -
NISHAT (CHUNIAN) LIMITED.                    2,479,243   -       -     1,242,238
                                            1
NISHAT (CHUNIAN) LTD CONVERTIBLE PREF. SHARES ,239,757   -       -           -
NISHAT MILLS LIMITED                         5,034,661   -       -           -
NISHAT MILLS LIMITED-RIGHT                         -     -       -     2,265,597
NORRIE TEXTILE MILLS LIMITED                  136,496    -       -           -
NUSRAT TEXTILE MILLS                          306,342    -       -           -
OLYMPIA SPINNING AND WEAVING MILLS LIMITED     42,855    -       -           -
OLYMPIA TEXTILE MILLS LIMITED.                358,359    -       -           -
PACE ( PAKISTAN ) LIMITED                     525,716    -       -           -
PARAMOUNT SPINNING MILLS LIMITED.            1,612,534   -   161,253         -
PEARL FABRICS                                 229,970    -       -           -
PREMIUM TEXTILE MILLS LIMITED                 807,307    -       -           -
PROSPERITY WEAVING MILLS LIMITED                 1,083   -       -           -
PUNJAB COTTON                                  56,155    -       -           -
QAYYUM SPINNING MILLS LIMITED                  73,149    -       -           -
QUETTA TEXTILE MILLS LIMITED                   19,005    -       -           -
QUETTA TEXTILE MILLS LIMITED - RIGHT           60,055    -       -       (60,055)
RAVI TEXTILE MILLS LIMITED                    346,636    -       -           -
REDCO TEXTILES LIMITED                        786,569    -       -           -
RELIANCE COTTON SPINNING MILLS LIMITED        465,638    -       -           -
RELIANCE WEAVING MILLS LIMITED          592,645    -      -     -
RESHAM TEXTILE INDUSTRIES LIMITED       212,405    -      -     -
RUBY TEXTILE MILLS LIMITED              610,664    -      -     -
RUPALI POLYESTER LIMITED               1,400,000   -      -     -
SADOON TEXTILE MILLS LIMITED                985    -      -     -
SAIF TEXTILE MILLS LIMITED             1,965,871   -      -     -
SAITEX SPINNING MILLS LIMITED           358,212    -      -     -
SAJJAD TEXTILE MILLS LIMITED            316,932    -      -     -
SALEEM DENIM(KAYTEX MILLS)              162,160    -      -     -
SALFI TEXTILE MILLS LIMITED             104,645    -      -     -
SALLY TEXTILE MILLS LIMITED             348,279    -      -     -
SALMAN NOMAN ENTERPRIES LIMITED         292,746    -      -     -
SAMIN TEXTILES LIMITED                  139,945    -      -     -
SANA INDUSTRIES LIMITED                 270,721    -      -     -
SAPPHIRE FIBERS LIMITED                 199,354    -   24,919   -
SAPPHIRE TEXTILE MILLS LIMITED          352,976    -      -     -
SARGODA SPINNING MILLS LIMITED          588,202    -      -     -
SARITOW SPINNING MILLS LIMITED          648,933    -      -     -
SCHON TEXTILES LIMITED                  258,610    -      -     -
SERVICE (TEXTILE) INDUSTRIES LIMITED    162,908    -      -     -
SERVICE FABIRCS LIMITED                1,349,180   -      -     -
SHADAB TEXTILE MILLS LIMITED             94,207    -      -     -
SHAHEEN COTTON MILLS LIMITED                217    -      -     -
SHAHPUR TEXTILE MILLS LIMITED.          890,850    -      -     -
SHAHTAJ TEXTILE MILLS LIMITED           475,726    -      -     -
SHAHYAR (O.E.)                           78,469    -      -     -
SHAHYAR TEXTILE MILL                    222,109    -      -     -
SHAHZAD TEXTILE MILLS LIMITED             2,610    -      -     -
SHAMS TEXTILE MILLS LIMITED            1,211,998   -      -     -
SIFTAQ INTERNATIONAL LIMITED            108,222    -      -     -
SIND FINE TEXTILE MILLS LIMITED          78,011    -      -     -
SUNRAYS TETILE MILLS LIMITED            271,565    -      -     -
SUNRISE TEXTILE MILLS LIMITED            15,024    -      -     -
SUNSHINE CLOTH MILLS LIMITED            440,918    -      -     -
SUNSHINE COTTON MILLS LIMITED           426,521    -      -     -
SURAJ COTTON MILLS LIMITED              389,555    -      -     -
SURAJ GHEE INDUSTRIES LIMITED            54,324    -      -     -
SYED MATCH CO. LIMITED                   14,777    -      -     -
TAJ TEXTILE MILLS LIMITED              1,409,947   -      -     -
TARIQ COTTON MILLS LIMITED               43,101    -      -     -
TATA TEXTILE MILLS LIMITED             2,094,285   -      -     -
TAWAKKAL GARMENTS INDUSTRIES LIMITED    118,664    -      -     -
TAWAKKAL LIMITED                         113,264    -         -           -
THAL LIMITED                            1,750,638   -    350,127          -
TREET CORPORATION LIMITED                355,064    -   3,195,576         -
TRI-STAR POLYESTER LIMITED               629,772    -         -           -
TURBO TEC LIMITED                        170,879    -         -           -
UNILEVER PAKISTAN LIMITED                111,000    -         -           -
UNITED BRANDS LIMITED                       8,016   -         -           -
YOUSUF WEAVING MILLS LIMITED.           1,188,621   -         -           -
ZAFFAR TEXTILE                            66,844    -         -           -
ZAHUR COTTON MILLS LIMITED               485,694    -         -           -
ZAHUR TEXTILE MILLS LIMITED              412,147    -         -           -
ZIL LIMITED                              309,872    -     30,987          -
                                       85,237,857   -   3,955,669   4,394,913
TOBACCO
PAKISTAN TOBACCO CO. LIMITED            1,807,339   -         -           -
                                        1,807,339   -         -           -
HEALTH CARE EQUIPMENT AND SERVICES
MEDI GLASS LIMITED                       295,554    -         -           -
                                         295,554    -         -           -
PHARMA AND BIO TECH
ABBOT LABOATORIES (PAKISTAN) LIMITED    2,593,029   -         -           -
FEROZSONS LABORATORIES LIMITED           988,514    -    197,702          -
GLAXOSMITHKLINE (PAK) LIMITED           6,335,730   -         -           -
HIGHNOON LABORATORIES LIMITED            320,624    -         -           -
IBL HEALTH CARE LIMITED                  295,437    -         -           -
OTSUKA PAKISTAN LIMITED                  105,217    -         -           -
SANOFI-AVENTIS LIMITED                   229,461    -         -           -
SEARLE PAKISTAN LIMITED                  786,713    -    118,006          -
WYETH PAKISTAN LIMITED                   111,574    -         -           -
                                       11,766,299   -    315,708          -
TRAVEL AND LEISURE
PAKISTAN SERVICES LIMITED                893,795    -         -           -
                                         893,795    -         -           -
FIXED LINE TELECOMMUNICATION
EYE TELEVISION NETWORKS                     9,159   -         -           -
NETSOL TECNOLOGIES LTD                   442,877    -         -           -
PAK DATACOM LIMITED                      143,119    -         -           -
PAKISTAN TELECOMMUNICATION COMPANY      6,099,384   -         -           -
                                        6,694,539   -         -           -
ELECTRICITY
HUB POWER COMPANY LIMITED              14,710,605   -         -           -
KARACHI ELECTRIC SUPPLY CO.LIMITED      5,667,614   -         -           -
KARACHI ELECTRIC SUPPLY CO.LIMITED-RIGHT     1,756,960
KOHINOOR ENERGY LIMITED                       410,390          -            -            -
KOHINOOR POWER COMPANY LIMITED.               290,160          -            -            -
KOT ADDU POWER CO.LIMITED                    1,231,503         -            -            -
NISHAT CHUNIAN POWER LIMITED                       -     3,000,000          -            -
S. G. POWER LIMITED                           323,376          -            -            -
SITARA ENERGY LIMITED                         256,117          -            -            -
                                            24,646,725   3,000,000          -            -
GAS WATER AND MULTIUTILITIES
SUI NORTHERN GAS PIPELINES LIMITED          16,894,303         -            -            -
SUI SOUTHERN GAS CO. LIMITED                10,069,822         -            -            -
                                            26,964,125         -            -            -
BANKS
ALLIED BANK LIMITED                          1,856,827         -       144,580           -
ARIF HABIB BANK LTD                           842,013          -            -            -
ASKARI BANK LIMITED                         17,752,222         -      3,550,661          -
ATLAS BANK LIMITED                          16,766,336         -            -            -
BANK AL - HABIB LIMITED                     52,478,431         -     10,495,686          -
BANKISLAMI PAKISTAN                           599,368          -            -            -
FAYSAL BANK LIMITED                          8,721,255         -            -            -
HABIB BANK LIMITED                           1,088,938         -        98,893           -
HABIB METROPOLITAN BANK LIMITED             50,152,164         -      8,024,448          -
INDUS BANK LIMITED                                147          -            -            -
JS BANK LTD                                 21,025,241         -            -            -
KASB BANK LIMITED                            1,457,776         -       379,021           -
MEHRAN BANK LIMITED                           738,590          -            -            -
MYBANK LIMITED (Bolan Bank)                       110          -            -            -
NATIONAL BANK OF PAKISTAN LTD                4,391,717         -      1,097,929          -
NIB BANK LTD                                10,608,990         -            -            -
SAMBA BANK LIMITED                          10,452,500         -            -            -
SAMBA BANK LTD-RIGHT                               -           -            -      6,633,156
SILKBANK LIMITED (SAUDI PAK.}                3,047,384         -            -      9,477,325
SONERI BANK LIMITED                         57,298,108         -            -     11,459,621
SONERI BANK LTD-RIGHT                              -           -            -            -
UNITED BANK LIMITED                           980,122          -        98,012           -
                                           260,258,239         -     23,889,230   27,570,102
NON LIFE INSURANCE
UNION INSURANCE CO. OF PAKISTAN LIMITED           306          -            -            -
                                                  306          -            -            -
FINANCIAL SERVICES
AL ZAMIN LEASING CORPORATION LIMITED         1,898,388         -            -            -
ARIF HABIB INVESTMENTS LIMITED                143,589          -            -            -
ARIF HABIB LIMITED                      35,268    -     8,817       -
ARIF HABIB SECURITIES                 1,101,895   -       -         -
ASKARI LEASING                        1,207,530   -       -         -
BANKERS EQUITY                        3,408,091   -       -         -
DADABHOY LEASING                       370,674    -       -         -
DAWOOD CAPITAL MANAGEMENT              663,832    -       -         -
DAWOOD EQUITIES LIMITED                   2,306   -       -         -
EQUITY PARTICIPATION                      4,925   -       -         -
FIRST CAPITAL SECURITIES CORP.        3,177,518   -   476,627       -
FIRST DAWOOD INV. BANK                2,626,148   -       -         -
FIRST NATIONAL EQUITIES                 65,227    -       -         -
IGI INVESTMENT BANK                   7,682,579   -       -         -
INDUSTRIAL DEVELOPMENT BANK               1,970   -       -         -
INVEST & FINANCE SECURITES                 695    -       -         -
INVEST CAPITAL INVESTMENT BANK LTD          -     -       -         -
INVESTEC SECURITIES LIMITED             98,518    -       -         -
ISLAMIC INVESTMENT BANK                139,990    -       -         -
J.O.V.& CO.                           1,775,606   -       -         -
JAHANGIR SIDDIQUI & CO.                393,701    -       -         -
JS INVESTMENTS                            7,302   -       -         -
ORIX LEASING PAKISTAN                 2,903,580   -       -         -
PERVAIZ AHMED SECURITES                230,884    -       -         -
PERVEZ AHMED SECURITIES                     -     -       -     533,526
PRUDENTIAL INVESTMENT BANK             326,292    -       -         -
SAUDI PAK LEASING                     2,972,567   -       -         -
SECURITY INVESTMENT BANK              2,277,698   -       -         -
SECURITY LEASING CORPORATION           447,026    -       -         -
                                     33,963,799   -   485,444   533,526
EQUITY INVESTMENT INSTRUMENT
AL-MEEZAN MUTUAL FUND                 2,866,385   -       -         -
ALZAMIN LEASING MODARBA               1,429,009   -       -         -
ASIAN STOCKS FUND                      344,813    -       -         -
B.R.R. GUARDIAN MODARBA               1,858,028   -       -         -
DOMINION STOCK FUND                    157,629    -       -         -
FIRST CAPITAL MUTUAL FUND              143,097    -       -         -
GOLDEN ARROW                              4,963   -       -         -
HABIB BANK MODARBA FIRST              5,035,756   -       -         -
HABIB MODARBA FIRST                   1,584,070   -       -         -
INNOVATIVE INVESTMENT BANK LIMITED      35,227    -       -         -
INVESTEC MUTUAL FUND                   172,406    -       -         -
JS GROWTH FUND                        9,787,430   -       -         -
JS LARGE CAP. FUND                    1,369,104   -       -         -
JS VALUE FUND LIMITED                 1,190,610          -            -            -
LTV CAPITAL MODARABA                       321           -            -            -
PAKISTAN PREMIER FUND                  722,456           -            -            -
PARAMOUNT MODARABA FIRST                38,322           -            -            -
PICIC GROWTH FUND                     6,429,358          -            -            -
PICIC INVESTMENT FUND                10,108,128          -            -            -
STANDARD CHARTERED MODARABA           1,948,462          -            -            -
TAWAKKAL MODARABA IST.                 474,032           -            -            -
                                     45,699,606          -            -            -
TECHNOLOGY HARDWARE AND EQUIPMENT
PAKISTAN TELEPHONE CABLES LIMITED       91,424           -            -            -
                                         91,424          -            -            -
GRAND TROAL                         734,522,014   17,945,505   34,700,528   32,996,797
umber of shares                                                  Balance as at March 31, 2010
                                                                                                                Investee
                               Sale                                                              % age of
             Merger/Demer                     As At March 31,                                                  Co. Paid-
                               during the                     Carrying Value    Market Value     Net Assets
             ger Adjustment                        2010                                                        up Capital
                                 period
                  Effects

                       -                -            108,691          4,926              5,115          0.02        0.10
                       -                -             50,624          5,000              5,223          0.02        0.02
                       -                -            124,994         12,315             12,791          0.04        0.04
                       -                -            379,225         36,944             37,612          0.11        0.11
                       -                -            750,000         75,000             74,700          0.23        0.23
                       -                -            264,573         26,457             26,116          0.08        0.08
                       -                -            127,430         12,500             13,160          0.04        0.04
                       -                -          1,805,537        173,142            174,716          0.53
                                                                        -                   -
                       -                -          4,027,598        241,212            464,261          1.41        6.13
                       -                -          3,133,414        155,026            430,280          1.30        5.57
                       -                -          4,274,528        406,764            771,467          2.34        7.68
                       -           650,000         3,218,472        164,517            417,951          1.27        1.34
                       -          1,075,000        2,092,855        216,696            489,393          1.48        2.37
                           1            -          1,234,943        105,965            241,333          0.73        0.86
                       -                -          1,575,000        141,435            169,202          0.51        5.01
                       -                -         12,814,137      1,105,862          3,969,692         12.03      19.50
                       -                -          1,534,033         33,779             82,838          0.25        7.03
                           1      1,725,000       33,904,980      2,571,256          7,036,417        21.32
                                                                        -                   -
                       -                -            136,201            -                   -            -          2.46
                       -                -          6,666,667        200,000            200,000          0.61        1.16
                       -              5,000           69,314            231                692          0.00        1.02
                       -                -            900,681        101,615            114,260          0.35        3.94
                       -                -          1,552,377         18,443            257,943          0.78        6.47
                       -                -            235,734         27,540             55,273          0.17        0.38
                       -                -          4,192,737          5,911              9,434          0.03        1.17
                       -                -          1,787,610         17,622             21,326          0.06        9.54
                       -           500,000         1,713,350        176,798            342,362          1.04        1.61
                       -                -          5,299,257         71,540             69,102          0.21        0.47
                       -                -          1,150,000         20,675             36,605          0.11        0.23
                       -                -         26,285,813      1,132,116          2,883,291          8.74      12.61
-       -       610,190      89,691         98,924       0.30    0.74
-       -        27,277         354            682       0.00    0.37
-       -      5,049,259      8,028         55,188       0.17    0.50
-       -       513,395          -           1,874       0.01    0.82
-       -        97,057       1,449          2,863       0.01    2.29
-       -           147          -                  0    0.00    0.00
-       -       147,777          -             199       0.00    2.46
-       -       704,745          -              -         -      9.42
-       -       662,495      91,908        104,177       0.32    3.56
-       -       104,322       1,678          1,311       0.00    0.19
-       -       452,368          -              -         -      4.93
-       -       636,624      10,157         31,768       0.10    7.17
-   505,000   58,995,397   1,975,755      4,287,275     12.99
                                 -              -
-       -       269,806          -              -         -       -
-   147,777          -           -              -         -       -
-       -      5,500,015     72,545         95,865       0.29    8.07
-      241           -           -              -         -       -
-       -        43,200          -              -         -       -
-       -       103,848          -              -         -       -
-       -       289,780         568         12,866       0.04    7.77
-       -        29,998          -              -         -       -
-       -      1,800,000     86,580         84,942       0.26    4.63
-   148,018    8,036,647    159,693        193,673       0.59
                                 -              -
-       -        74,114          -              -         -       -
-       -      3,891,245     66,268        104,752       0.32    7.21
-    29,656          -           -              -         -       -
-       -      1,362,396      6,758         24,905       0.08    2.53
-       -     10,464,279    471,834        615,090       1.86   12.34
-       -       156,102          -              -         -       -
-       -        98,518          -           1,260       0.00    0.32
-       -        26,057          -              -         -       -
-       -          3,422         -              -         -      0.19
-       -        19,716          -              -         -       -
-    29,656   16,095,849    544,860        746,007       2.26
                                 -              -
-       -        14,821              42        141       0.00    0.01
-       -       591,534       1,361          1,414       0.00    0.69
-       -       278,378       6,360          6,837       0.02    3.42
-       -       339,621          -           4,323       0.01    0.01
-       -       175,218       2,525          3,049       0.01   12.18
-     -        12,699,288    144,899     149,852    0.45   13.74
-     -          793,178      17,575      24,898    0.08    0.34
-     -          158,635          -        1,807    0.01    0.07
-     -           69,085          -           -      -      2.97
-   5,832             -           -           -      -       -
-     -         4,921,424     12,353      15,207    0.05    1.42
-     -          754,929       3,775       3,352    0.01    2.17
-     -         1,727,525     18,139      16,584    0.05    3.49
-         35          -           -           -      -       -
-     -          358,232       3,582       3,582    0.01    2.47
-     -          245,503       1,760       1,610    0.00    0.20
-     -        20,715,094     45,366      95,289    0.29    1.87
-     -         4,635,505    193,982     376,820    1.14    2.58
-     -         2,606,440      9,800      11,729    0.04    0.74
-     -          678,819       5,235      19,978    0.06    4.58
-     -         1,286,444     13,739      13,521    0.04    0.69
-     -          443,845          -           -      -       -
-     -           89,947          -           -      -      1.23
-     -         3,535,939     31,841      40,663    0.12    5.03
-    275              -           -           -      -       -
-     -          486,248          -          214    0.00    0.11
-   6,142      57,605,652    512,334     790,870    2.40
                                  -           -
-     -          781,130          -           -      -     13.02
-     -           49,259          -           -      -      1.23
-     -          719,624      32,756      40,299    0.12    0.86
-     -          160,986          -           -      -      9.86
-     -          684,145       3,169      11,186    0.03   14.46
-     -         4,569,383    370,988     594,020    1.80    7.22
-     -          983,658    1,001,364   1,328,302   4.03   15.95
-     -          378,091      37,768      39,000    0.12    1.38
-     -         8,326,276   1,446,044   2,012,807   6.10
                                  -           -
-     -           39,407          -           -      -       -
-     -           59,110          -           -      -       -
-     -           98,518          -           -      -       -
-     -          574,324          -        7,639    0.02   10.56
-     -         1,758,827     11,872      89,348    0.27    8.47
-     -          108,468          -           -      -       -
-     -               26          -           -      -       -
-         9           -           -           -      -       -
-         9     2,638,680     11,872      96,987    0.29
                              -         -
-      -       404,926      4,850    14,776     0.04    4.32
-      -       500,000     76,750    88,050     0.27    4.30
-      -      1,501,659    31,742   114,111     0.35   11.72
-      -       390,640     41,847   177,765     0.54    1.64
-      -       206,888        -         -        -      4.87
-      -      3,004,113   155,188   394,701     1.20
                              -         -
-      -       436,564      4,483    21,824     0.07    0.40
-      -          1,136       -         -        -      0.02
-      -       437,700      4,483    21,824     0.07
                              -         -
-      -      1,078,741     1,456     3,603     0.01    0.29
-      -      1,078,741     1,456     3,603     0.01
                              -         -
-      -      1,304,660     9,754    83,498     0.25    4.78
-   25,164          -         -         -        -       -
-      -       146,005       645     20,806     0.06    0.33
-      -      1,592,160    48,872    51,427     0.16   12.10
-      -       266,145        -         -        -      7.83
-      -       388,992     15,429    77,573     0.24    7.43
-      -      3,765,976    38,225   100,966     0.31    6.61
-      -      2,688,711    14,385    13,444     0.04    6.02
-      -       258,577      1,943     2,017     0.01    1.22
-     147           -         -         -        -       -
-      -      3,619,831    41,700    59,220     0.18    2.71
-   63,500     810,108     87,265   168,624     0.51    1.54
-      -      2,084,415   141,532   165,857     0.50    3.04
-      -        56,155        -         -        -       -
-    4,000         482        -             1   0.00    0.02
-      -        96,055        -         -        -      3.69
-   92,811   17,078,272   399,749   743,432     2.25
                              -         -
-      -      1,141,177    70,519   137,090     0.42   19.44
-      -       139,748        -         -        -      5.27
-      -      1,280,925    70,519   137,090     0.42
                              -         -
-     268           -         -         -        -       -
-      -      1,427,183    13,538   128,875     0.39    8.61
-      -      2,296,656       -      66,557     0.20   12.57
-     107           -         -         -        -       -
-   27,030         493        -         -        -      0.01
-      -          942,227      3,062        9,526      0.03    3.31
-      -          335,682        -          2,833      0.01    0.35
-      -         1,048,579     5,505        7,340      0.02    4.93
-      -           98,518        -            -         -      2.46
-      -         2,415,432     4,299        4,831      0.01    6.63
-      -         2,668,982    36,796       44,065      0.13   12.46
-      -        10,354,601    40,932      250,892      0.76   11.55
-    1,282             -         -            -         -       -
-      -          719,955      5,544        3,578      0.01    6.61
-      -          172,406        -            -         -      1.17
-      -          901,925        -         60,339      0.18   14.30
-          49          -         -            -         -       -
-      -           57,409        -            -         -     10.10
-   20,274           2,027           24           38   0.00    0.01
-      -           58,618        -            -         -      2.66
-      -          779,820        -            -         -      7.19
-      -           73,463      3,047        2,421      0.01    1.97
-      -          366,248      3,222       14,650      0.04    9.61
-      -             8,761       -            -         -      0.78
-      -              198        -            -         -      0.40
-      -         1,063,616       -            -         -      8.90
-      -         2,417,910       -            -         -     11.45
-      -          801,695     13,393       63,334      0.19    6.87
-      -         7,194,553    36,692       46,765      0.14   10.49
-   35,220             -         -            -         -       -
-   84,230      36,206,957   166,054      706,042      2.14
                                 -            -
-      -          954,306     19,630       47,706      0.14   10.11
-      -           54,184        -            -         -      2.46
-      -          115,407       863         1,114      0.00    0.10
-      -         7,174,248   134,445      108,188      0.33    7.05
-      -         8,298,145   154,939      157,007      0.48
                                 -            -
-      -          315,909      4,072       17,062      0.05    4.35
-      -          315,909      4,072       17,062      0.05
                                 -            -
-      -          328,879        -                72   0.00    8.22
-      -          458,109        -            -         -      4.93
-      -           59,110        -            -         -       -
-      -              121        -            -         -       -
-      -           93,592        -           833       0.00    1.21
-      -           64,184        -            -         -       -
-      -        913,009    10,966      16,434     0.05    6.39
-      -        358,753       -           -        -      4.81
-      -         61,573       -           -        -      2.46
-      -        320,085       -           -        -      8.21
-          2         47           4           2   0.00    0.01
-   20,000          299       -           -        -      0.01
-      -        284,101       -           -        -      4.93
-      -        189,220       -           -        -       -
-      -         67,780      356         522      0.00    1.10
-      -       1,142,712      -           -        -      7.53
-      -        168,712       -           -        -       -
-      -        213,390       -           -        -      2.46
-      -        210,188       -           -        -      2.46
-      -        620,655       -           -        -      4.68
-      -       1,064,053   14,424      14,833     0.04    0.33
-      -         70,006      392        1,180     0.00    2.42
-      -         64,258       -           -        -      6.43
-   51,106           -        -           -        -       -
-      -       1,090,234   58,347     779,517     2.36   16.78
-      -         84,233       -           -        -       -
-      -         23,152      650         822      0.00    0.36
-      -        617,961       -           -        -      6.31
-      -         34,948       -           -        -       -
-      -        754,008       -           -        -      1.89
-      -       1,521,599    2,736      11,153     0.03    0.66
-      -        852,681       -        11,341     0.03    6.90
-      -       1,488,808      -           -        -      6.27
-      -         81,277       -           -        -       -
-      -        727,080       -           -        -      4.80
-      -       1,870,010   45,815      53,295     0.16    3.96
-      -        317,647       -           -        -       -
-      -        336,614     1,414        808      0.00   11.03
-      -         44,780      138         137      0.00    0.08
-      -        266,787      587         670      0.00    3.34
-      -        618,595       -           -        -      6.24
-      -        234,768     6,004      13,854     0.04    0.50
-      -        279,486     1,098        696      0.00    4.92
-      -        240,424      846         793      0.00    7.00
-      -        281,239     3,847       7,110     0.02    1.54
-      -        706,880     7,509      17,396     0.05    6.51
-    1,527           -        -           -        -       -
-      -         23,062       -           -        -      1.15
-      -       45,219         -         -        -     2.26
-      -       35,925      12,969    12,574     0.04   2.91
-      -      628,671       5,468     9,996     0.03   4.45
-      -     1,105,611     13,415    34,362     0.10   6.00
-      -       67,755       1,231    27,102     0.08   1.18
-      -       42,005         -         -        -     2.10
-      -     1,335,356     21,392    49,154     0.15   5.85
-      -       45,835         -         -        -      -
-      -       49,259         -         -        -     0.99
-      -       65,972        346      1,089     0.00   0.41
-      -      527,681      14,247    12,411     0.04   0.87
-      -      292,085       1,129     2,477     0.01   2.00
-      -      734,617       6,011    13,590     0.04   3.91
-      -     1,002,749      4,558     7,270     0.02   5.44
-      -      165,017         -         -        -      -
-    7,500         85         -             1   0.00   0.01
-     147          -          -         -        -      -
-      -      518,063         -         -        -     3.77
-      -      257,368         -         -        -     4.77
-      -       58,248         -         -        -     0.62
-      -      113,022         -         -        -      -
-      -      164,870        198       175      0.00   1.65
-      -     1,800,000     53,658    64,980     0.20   0.78
-      -      658,396        922      1,317     0.00   6.64
-      -      525,295       5,509   104,486     0.32   3.22
-      -               4      -             0   0.00   0.00
-      -      119,144         -       1,369     0.00   3.70
-      -      443,946       1,554     1,660     0.01   4.60
-      -      163,151         -         -        -     2.46
-      -      677,361         -         -        -     5.38
-      -      324,568        373      2,629     0.01   4.64
-     130          -          -         -        -      -
-      -       37,436         -         -        -     1.50
-      -       36,944         -         -        -     0.43
-      -      110,562         -         -        -     9.34
-      -       19,223         -         -        -     1.97
-      -      700,498         -         -        -     6.55
-   38,569         -          -         -        -      -
-      -       62,553         -         -        -      -
-      -      334,468         -        709      0.00   1.11
-      -      169,648         -         -        -     1.57
-      -     2,859,830     13,899     9,523     0.03   5.65
-          -      602,327        -         -        -      0.46
-          -     3,161,234    13,973    24,405     0.07    2.25
-          -       92,360        -         -        -      2.59
-          -      447,937        -         -        -      3.69
-          -     1,420,216    14,849    16,347     0.05    8.50
-          -      118,221        -         -        -      4.93
-          -     1,012,914    17,030    25,839     0.08    3.45
-          -     1,012,914       -       2,431     0.01    3.38
-       49,000        259        -         -        -      0.00
-          -      121,543        -         -        -      3.96
-          -      736,078       221       294      0.00    3.33
-          -      562,203     31,372    36,543     0.11   11.27
-          -      159,813        -         -        -      1.33
-          -      115,477       973      1,276     0.00    5.35
-          -       55,416        -         -        -      1.98
-          -     1,860,277     2,604     4,837     0.01    9.86
-        2,546         -         -         -        -       -
-          -           -         -         -        -       -
-          -       26,452        -         -        -       -
-          -       24,629        -         -        -       -
-          -       70,637        -         -        -      3.62
-          -       98,000    107,014   125,440     0.38    0.60
-          -     3,721,481    33,769    74,653     0.23    3.23
-          -     1,239,757    12,398    24,485     0.07    3.07
    1      -     5,034,662   117,811   283,552     0.86    2.96
-          -     2,265,597       -      35,003     0.11    1.52
-          -      136,496        -         -        -      2.81
-          -      306,342        -         -        -       -
-       42,855         -         -         -        -       -
-          -      358,359        -         -        -      3.32
-          -      525,716      2,933     2,870     0.01    0.25
-          -     1,773,787    11,288    15,787     0.05   11.29
-          -      229,970        -         -        -       -
-          -      807,307      8,803    21,515     0.07   13.16
-        1,083         -         -         -        -       -
-          -       56,155        -         -        -       -
-          -       73,149        -         -        -      0.61
-         400      18,605       284       653      0.00    0.15
-          -           -         -             9   0.00    1.92
-          -      346,636        -         -        -      1.39
-          -      786,569        -         -        -      3.69
-          -      465,638      3,824    11,427     0.03    4.56
-     -      592,645     2,074    5,559   0.02    1.94
-     -      212,405       -        -      -      0.71
-     -      610,664       -        -      -      1.56
-     -     1,400,000   45,621   48,986   0.15    4.26
-     -          985       -        -      -      0.03
-     -     1,965,871    7,863    7,863   0.02    7.47
-     -      358,212       -        -      -      4.84
-     -      316,932       -        -      -      1.49
-     -      162,160       -        -      -       -
-     -      104,645      956     1,467   0.00    3.14
-     -      348,279       -       644    0.00    3.97
-     -      292,746       -       512    0.00    7.36
-     -      139,945      805     1,329   0.00    1.05
-     -      270,721     3,925    9,435   0.03    4.95
-     -      224,273    16,945   25,130   0.08    1.22
-     -      352,976    24,355   31,203   0.09    1.85
-     -      588,202       -       929    0.00    1.89
-     -      648,933       -        -      -      4.89
-     -      258,610       -        -      -      2.16
-     -      162,908       -        -      -      3.66
-     -     1,349,180      -        -      -      8.56
-     -       94,207       -        -      -      3.14
-    217          -        -        -      -       -
-     -      890,850       -        -      -      6.37
-     -      475,726     4,370    7,607   0.02    4.95
-     -       78,469       -        -      -       -
-     -      222,109       -        -      -       -
-   2,610         -        -        -      -       -
-     -     1,211,998    6,908   22,834   0.07   14.10
-     -      108,222       -        -      -      3.59
-     -       78,011       -        -      -      2.28
-     -      271,565     2,741    9,097   0.03    3.96
-     -       15,024       -        -      -       -
-     -      440,918       -        -      -       -
-     -      426,521       -        -      -      5.43
-     -      389,555     4,947   12,088   0.04    2.20
-     -       54,324       -        -      -      5.67
-     -       14,777      148      222    0.00    4.93
-     -     1,409,947      -       649    0.00    4.22
-     -       43,101       -        -      -      6.16
-     -     2,094,285   18,725   28,273   0.09   12.17
-     -      118,664       -        -      -      0.98
-           -       113,264          -           -      -      0.81
-           -      2,100,765    125,957     170,141    0.52    4.62
-           -      3,550,640      8,280     306,633    0.93   85.83
-           -       629,772          -           -      -      2.93
-           -       170,879          -           -      -      1.71
-           -       111,000     200,656     385,006    1.17    2.00
-           -          8,016         -          273    0.00    0.67
-           -      1,188,621      1,248       2,508    0.01    2.98
-           -        66,844          -           -      -       -
-           -       485,694          -           -      -      4.93
-           -       412,147          -           -      -      0.55
-                   340,859       4,865      17,653    0.05    6.46
    1   217,692   93,370,748   1,172,548   3,091,752   9.37
                                     -           -
-           -      1,807,339    131,665     209,651    0.64    1.34
-           -      1,807,339    131,665     209,651    0.64
                                     -           -
-           -       295,554          -           -      -      3.89
-           -       295,554          -           -      -
                                     -           -
-           -      2,593,029    207,961     254,117    0.77    3.42
-           -      1,186,216      1,877     141,112    0.43    6.26
-           -      6,335,730    481,135     614,566    1.86    5.57
-           -       320,624       3,639       9,939    0.03    1.97
-           -       295,437          -        2,753    0.01    1.49
-           -       105,217       1,617       4,155    0.01    1.06
-           -       229,461      21,056      34,708    0.11    2.48
-           -       904,719      21,204      48,882    0.15    3.10
-           -       111,574      43,913     122,731    0.37    8.22
-           -     12,082,007    782,402    1,232,964   3.74
                                     -           -
-           -       893,795     101,044     104,538    0.32    3.06
-           -       893,795     101,044     104,538    0.32
                                     -           -
-           -          9,159        258         247    0.00    0.02
-           -       442,877       7,910      12,790    0.04    0.66
-           -       143,119       2,538      14,670    0.04    1.87
-           -      6,099,384    103,019     128,148    0.39    0.55
-           -      6,694,539    113,724     155,855    0.47
                                     -           -
-           -     14,710,605    207,272     504,132    1.53    2.80
-           -      5,667,614     11,732      16,266    0.05    0.09
(1,756,960)                     -           -           -         -       -
       -          -        410,390       7,900      12,968       0.04    0.28
       -          -        290,160       2,170       1,944       0.01    2.31
       -          -       1,231,503     38,866      55,381       0.17    0.31
       -          -       3,000,000     30,000      30,000        -       -
       -          -        323,376         233         466       0.00    1.81
       -          -        256,117       5,007       5,507       0.02    1.36
(1,756,960)       -      25,889,765    303,181     626,664       1.81
                                            -           -
       -          -      16,894,303    109,282     583,360       1.77    4.84
       -          -      10,069,822    105,834     212,775       0.64    2.15
       -          -      26,964,125    215,116     796,136       2.41
                                            -           -
       -      411,026     1,590,381     41,166      95,439       0.29    0.51
       -          -        842,013       4,736       5,153       0.02    0.18
    1,086         -      21,303,969    206,898     452,070       1.37    5.57
       -          -      16,766,336     55,664      46,610       0.14    3.49
       -          -      62,974,117   1,023,632   1,823,730      5.53   15.85
       -          -        599,368       3,583       3,464       0.01    0.12
       -          -       8,721,255     84,422     149,221       0.45    1.88
       -      339,985      847,846      48,083      93,746       0.28    0.38
      640         -      58,177,252   1,056,392   1,439,887      4.36   12.09
       -          -            147          -           -         -       -
       -          -      21,025,241    100,206      84,521       0.26    3.69
       -          -       1,836,797     13,635       8,229       0.02    0.22
       -          -        738,590          -           -         -       -
       -         110            -           -           -         -       -
       -          -       5,489,646    190,933     372,363       1.13    1.64
       -          -      10,608,990     49,853      43,709       0.13    0.39
       -          -      10,452,500     31,148      31,358       0.10    1.29
       -          -       6,633,156         -          199       0.00    0.76
       -          -      12,524,709     38,138      39,453       0.12    1.51
       -          -      68,757,729    631,219     603,693       1.83   15.53
       -          -             -           -           -         -       -
       -      100,000      978,134      29,837      58,346       0.18    0.26
    1,726     851,121   310,868,176   3,609,545   5,351,191     16.22
                                            -           -
       -          -            306          -               8    0.00    0.00
       -          -            306          -               8    0.00
                                            -           -
(1,898,388)       -             -           -           -         -       -
       -          -        143,589       2,873       3,090       0.01    0.49
       -        -        44,085      2,636        2,874      0.01    0.13
       -        -      1,101,895    30,456       47,282      0.14    0.44
       -        -      1,207,530    16,917       16,881      0.05    2.38
       -        -      3,408,091       -            -         -       -
       -        -       370,674        -            -         -      4.93
       -        -       663,832      2,882        1,726      0.01    4.44
       -      2,306          -         -            -         -       -
       -      4,925          -         -            -         -       -
       -        -      3,654,145     7,281       27,223      0.08    1.35
       -        -      2,626,148     7,327        4,438      0.01    4.21
       -        -        65,227       525          717       0.00    0.12
       -        -      7,682,579    24,200       22,203      0.07    3.69
       -        -          1,970      208          208       0.00    0.00
       -       695           -         -            -         -       -
8,271,554       -      8,271,554     7,339       11,994      0.04    2.94
       -        -        98,518            41           41   0.00    0.60
       -        -       139,990        -            -         -      0.71
       -        -      1,775,606    10,594       13,867      0.04    3.54
       -        -       393,701      9,130        8,532      0.03    0.08
       -        -          7,302      105               64   0.00    0.01
       -        -      2,903,580    22,212       16,028      0.05    3.68
       -        -       230,884       833          877       0.00    0.30
       -        -       533,526        -            -         -      0.69
       -        -       326,292        -            -         -      3.26
       -        -      2,972,567     4,191        3,567      0.01    6.59
       -        -      2,277,698     6,059        4,555      0.01    4.44
       -        -       447,026       885          340       0.00    1.23
6,373,166     7,926   41,348,009   156,697      186,509      0.57
                                       -            -
       -        -      2,866,385    10,262       17,772      0.05    2.14
(1,429,009)     -            -         -            -         -       -
       -        -       344,813      1,414        1,414      0.00    0.39
       -        -      1,858,028     4,757        3,692      0.01    2.39
       -        -       157,629            57           54   0.00    3.15
       -        -       143,097       341          415       0.00    0.48
       -      4,963          -         -            -         -       -
       -        -      5,035,756    15,258       24,423      0.07   12.76
       -        -      1,584,070     8,982       11,405      0.03    0.82
       -        -        35,227        -           352       0.00    0.35
       -        -       172,406            29           29   0.00    1.72
       -        -      9,787,430    29,167       41,597      0.13    3.20
       -        -      1,369,104     3,149        5,819      0.02    0.43
       -            -       1,190,610        5,298        5,060    0.02     1.02
       -            -            321           -            -       -       0.00
       -            -        722,456         1,459        4,284    0.01     0.44
       -        38,322            -            -            -       -        -
       -            -       6,429,358      35,940       82,296     0.25     2.52
       -            -      10,108,128      20,519       55,494     0.17     3.73
       -            -       1,948,462      13,269       16,718     0.05     4.34
       -            -        474,032           -            -       -       1.83
(1,429,009)     43,285     44,227,312     149,900      270,823          1
                                               -            -
       -            -         91,424          279          206     0.00     0.44
      -             -          91,424          279          206    0.00
3,188,925     3,710,890   819,642,879   15,087,516   29,545,492   89.44      -
NATIONAL INVESTMENT (UNIT) TRUST                                                                                                                  Annexure 3
FOR THE NINE MONTHS ENDED MARCH 31, 2010
INVESTMENTS - HELD TO MATURITY


                                                                ----------------------------------At cost----------------------------------
                                                                                                                                                    % age of net
 S No                               Name                                          Transfer        Redemptions
                                                                Opening                                                      Closing                   assets
                                                                                 from LOC         during the year
                                                                   -------------------------Rupees in '000-------------------------

INVESTMENT IN SECURITIES CLASSIFIED AS - 'HELD TO MATURITY'
  Investment under Morabaha Arrangements

   1    Textile Management (Private) Limited                          2,031             2,093                     -                  4,124                  0.01%

   2    Pak China Fertilizers Limited                               13,300            13,700                      -                27,000                   0.08%

   3    Quaidabad Woolen Mills Limited                              11,330            11,670                      -                23,000                   0.07%

        Sub-total                                                   26,661            27,463                      -                 54,124                  0.16%
        Less : Provision for impairment loss                       (26,661)          (27,463)                     -                (54,124)                -0.16%
                                                                       -                 -                        -                    -                      -

  Participation Term Certificates

   1    Adamjee Paper & Board Mills Limited                           5,172             5,328                     -                 10,500                  0.03%
        Less : Provision for impairment loss                         (5,172)           (5,328)                    -                (10,500)                -0.03%
                                                                        -                                         -                    -                      -

  Term Finance Certificates and Redeemable Capital

   1    Adamjee Paper & Board Mills Limited                           4,002             4,123                     -                  8,125                  0.02%

   2    Al-Zamin Leasing Modaraba                                        -                 -                      -                     -                   0.00%

   3    Brothers Steel Mills Limited                                    965               994                     -                  1,959                  0.01%

   4    Naimat Basal Oil & Gas Securitization Company Limited                2             -                      -                           2             0.00%

   5    Pakistan Telecommunication Limited (PTC) / BEL                1,388             1,431                     -                  2,819                  0.01%
        Sub-total                                                     6,357             6,548                     -                 12,905                  0.04%
        Less : Provision for impairment loss                         (6,357)           (6,548)                    -                (12,905)                -0.04%
                                                                        -                 -                       -                    -                      -

        Total                                                       38,190            39,339                      -                77,529                   0.24%

        Less: Provision for impairment                             (38,190)          (39,339)                     -                (77,529)                -0.24%
                                                                       -                 -                        -                    -                      -

				
DOCUMENT INFO
Description: Analysis of Financial Statement of Habib Bank Limited document sample