Tri-Star Mutual Fund Faces Challenges with Negative Earnings Per Share

Karachi, Tri-Star Mutual Fund, operating under the symbol TSMF, has experienced a downturn, as indicated by its daily weighted average rate of Rs. 4.38. The fund, with a modest paid-up capital of Rs. 50 million, reported a negative EPS of Rs. (3.26) for the fiscal year ending in June 2022/2023. Despite the challenges, the fund managed a turnover of 27,000. Listed in 1994, Tri-Star Mutual Fund's performance reflects the broader market challenges, with a high rate of Rs. 5.5 and a low rate of Rs. 0, highlighting the volatility faced by the mutual fund sector.