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NIT units trade to resume from today


National Investment Trust (NIT) announced on Saturday the resumption of dealing in its units with effect from January 5. “The removal of suspension has been duly intimated to the Trustee (NBP-Trustee) and notified to the Securities & Exchange Commission of Pakistan,” a press statement said. Earlier, managers of equity funds had suspended pricing, issuance and redemption of their respective units with the approval of SECP, as they were running short of money and the imposition of floor at stock markets hampered calculation of accurate issuance and redemption prices of the units.
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