AHIML to acquire Rupali Bank of Bangladesh's operations

[Sultanzz]

KARACHI: The Arif Habib Investment Management limited (AHIML) would enter into joint venture with the Rupali bank of Bangladesh, acquiring majority shares of the commercial bank in Pakistan.

Arif Habib, chairman AHIML stated this Tuesday while briefing journalists about the initial public offering of Pakistan Strategic Allocation Fund (PSAF) scheduled to be held from August 21 to August 24.

“Around 75 percent of Rs 3 billion fund has already been subscribed by the institutions and large investors,” he said and added Rs 150 million allocation for overseas Pakistanis would also be oversubscribed.

He said managers of AHIML had visited Jeddah and Dubai last month in this connection. “Lot of interest was witnessed among Pakistanis there about investment in the security market.”

He said AHIML has successfully launched six funds in past two and a half years, apart from PSAF, including Pakistan Stock Market Fund (PSM), Pakistan Income Fund (PIF), Pakistan Premier Fund (PPF) Metro Bank- Pakistan Sovereign Fund (MSF) and Pakistan Capital market Fund.

Naseem Beg, chief executive of AHIML, gave the technical presentation about PSAF and said investment methodology would be 65 percent allocation in the equity market and 35 percent in the money market.

He said at the equity side 20 stocks would be selected on basis of liquidity and the number of stocks and weight will be altered as the market changes. “The process would be to determine the fair value of the stocks based on fundamental analysis,” said Mr Beg. “ Our strategy will be to buy equities when their market price is below the fair value and sell when it is higher.” staff report

http://www.dailytimes.com.pk/default.asp?p...18-8-2004_pg5_4

[kkkkk]

Please visit Arif Habib Investments (http://www.arifhabib.com.pk)

Originally posted by Sultanzz
KARACHI: The Arif Habib Investment Management limited (AHIML) would enter into joint venture with the Rupali bank of Bangladesh, acquiring majority shares of the commercial bank in Pakistan.

Arif Habib, chairman AHIML stated this Tuesday while briefing journalists about the initial public offering of Pakistan Strategic Allocation Fund (PSAF) scheduled to be held from August 21 to August 24.

“Around 75 percent of Rs 3 billion fund has already been subscribed by the institutions and large investors,” he said and added Rs 150 million allocation for overseas Pakistanis would also be oversubscribed.

He said managers of AHIML had visited Jeddah and Dubai last month in this connection. “Lot of interest was witnessed among Pakistanis there about investment in the security market.”

He said AHIML has successfully launched six funds in past two and a half years, apart from PSAF, including Pakistan Stock Market Fund (PSM), Pakistan Income Fund (PIF), Pakistan Premier Fund (PPF) Metro Bank- Pakistan Sovereign Fund (MSF) and Pakistan Capital market Fund.

Naseem Beg, chief executive of AHIML, gave the technical presentation about PSAF and said investment methodology would be 65 percent allocation in the equity market and 35 percent in the money market.

He said at the equity side 20 stocks would be selected on basis of liquidity and the number of stocks and weight will be altered as the market changes. “The process would be to determine the fair value of the stocks based on fundamental analysis,” said Mr Beg. “ Our strategy will be to buy equities when their market price is below the fair value and sell when it is higher.” staff report

http://www.dailytimes.com.pk/default.asp?p...18-8-2004_pg5_4

[Navarene]

Do Sultanzz and kkkkk have the same IP add? Its time to sweep clean the house.

[rafiq]

Arif Habib's stock picking strategy seems to be cutting edge. I'd love to pick stocks for him - be his Apprentice - Sultanzz, can you hook me up?