KARACHI, Dec 29: The Al Meezan Investments has removed temporary suspension of Pricing, Issuance, Redemption and Conversion of the units of Meezan Islamic Fund (MIF). The normal transactions in the units of MIF, including sale, redemption and conversion have been re-started from Monday (Dec 29), says a press release.

Due to inadequate volumes and lack of price discovery at stock exchanges, Al Meezan Investments had continued the suspension for a few years after removal of floor at stocks exchanges. With the stock prices at attractive levels now and the expectations of better volumes going forward, Al Meezan has terminated the suspension with immediate effect to provide its investors an opportunity to invest in MIF and capture the potential upside in the market.