MZNPETF

Meezan Pakistan Exchange Traded Fund

By PSX Investors Zone · Updated October 20, 2026

Meezan Pakistan Exchange Traded Fund company profile

Meezan Pakistan Exchange Traded Fund (MZNPETF) is a Shariah-compliant equity ETF listed on the Pakistan Stock Exchange. It provides investors with exposure to a portfolio of selected Shariah-compliant Pakistani equities through a single exchange-traded instrument. Its market price can fluctuate with its underlying holdings, market conditions, trading activity and the relationship between market price and net asset value (NAV). Investors should review the latest portfolio holdings, fund expenses, NAV and official disclosures before investing.

Overview

Meezan Pakistan Exchange Traded Fund (MZNPETF) is an ETF listed on the Pakistan Stock Exchange (PSX). PSX describes it as its first Shariah-compliant ETF. It allows investors to obtain exposure to a basket of selected Shariah-compliant equities through a single exchange-traded fund.

Official references: PSX MZNPETF profile | PSX Shariah-compliant investment resources

How MZNPETF Works

An ETF is traded on the stock exchange, much like an ordinary listed share. However, buying an ETF unit represents exposure to a fund portfolio rather than ownership in just one operating company.

The fund's value is influenced by its underlying holdings and their market prices. The ETF's exchange-traded price may differ from its net asset value (NAV). Investors should check both the latest NAV and the current market price before placing an order.

Shariah Investment Approach

MZNPETF is identified by PSX as a Shariah-compliant ETF. PSX describes the related Meezan Pakistan Index (MZNPI) as tracking the ETF and explains that the index aims to track selected companies from the KMI-30 universe using average traded value and free-float market capitalisation criteria.

Shariah screening and index constituents can change over time. Check the latest official fund holdings and index notices rather than assuming that the portfolio composition remains unchanged.

Sources: PSX Shariah investment resources | Official MZNPETF profile and announcements

Latest Disclosures

The PSX profile lists the fund's annual report for the year ended June 30, 2026, and quarterly financial results for the quarter ended September 30, 2026.

A third-party summary of the September 2026 quarterly filing reports a net accounting loss after tax of approximately Rs. 114.01 million, compared with a profit of approximately Rs. 172.40 million in the corresponding quarter of the prior year. This is an accounting result for the stated reporting period, not a direct measure of every investor's return. Review the official filing and the fund's portfolio performance before drawing conclusions.

Sources: Official PSX MZNPETF profile | Quarterly results summary

Important Metrics to Check

Before investing or publishing updated figures, review:

  • Market price: The price at which the ETF units trade on PSX.
  • Net asset value (NAV): The value per unit based on the fund's assets and liabilities.
  • Premium or discount to NAV: The difference between the market price and NAV.
  • Portfolio holdings: The companies and their weights in the latest fund portfolio.
  • Expense ratio and fees: Costs that may affect the fund's long-term performance.
  • Trading volume and spread: Measures that help investors assess liquidity and transaction costs.
  • Performance: Compare the fund's returns over consistent periods with its relevant benchmark, including the effect of expenses.

Current numerical values for these metrics should be populated only after checking the latest official fund factsheet and PSX data.

Key Risks

  • Market risk: The fund's value can fall when its underlying shares decline.
  • Concentration risk: A limited number of large holdings or sectors may have a significant effect on performance.
  • Liquidity risk: Trading volume and bid–ask spreads can affect the price at which units are bought or sold.
  • NAV divergence: The exchange-traded price may be above or below NAV.
  • Tracking and expense risk: Portfolio changes, fees and trading conditions may affect performance relative to the index.
  • Shariah-screening changes: Screening results and eligible holdings may change at future reviews.

Investor Checklist

  1. Read the latest official fund factsheet and annual report.
  2. Check the latest NAV, market price and premium or discount to NAV.
  3. Review the latest portfolio holdings and Shariah-related disclosures.
  4. Compare performance over matching periods and account for expenses.
  5. Consider liquidity, transaction costs and your investment horizon.

Official References

Disclaimer

This page is for educational purposes only and is not a recommendation to buy or sell MZNPETF. ETF prices and returns fluctuate, and investors may lose capital. Verify current fund documents, market data, charges and Shariah disclosures before making an investment decision.

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This profile is for educational purposes and is not a recommendation to buy or sell any security.

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