TriStar Mutual Fund Reports Negative Earnings, Low Trading Activity


Karachi, The TriStar Mutual Fund (TSMF), another key player in the closedend mutual fund sector of the Pakistan Stock Exchange, reported a loss with an earnings per share (EPS) of Rs. (3.26) for the period of January to February 2024. The fund, with a paidup capital of Rs. 50.00 million and listed since 1994, experienced a subdued trading session with a high of Rs. 5.5 and a low of Rs. 4.0. The turnover for the fund was relatively low at 117,500 shares, indicating limited trading activity. The fund did not announce any distribution for the year, reflecting its challenging performance in the recent period.