Tri-Star Mutual Fund Faces Challenges with Negative Earnings Report

Karachi, Tri-Star Mutual Fund (TSMF) disclosed its financial performance on the Pakistan Stock Exchange, showing a challenging year. The fund's closing rate was recorded at Rs. 4.99, slightly below its daily weighted average rate of Rs. 5.16. The company, with a relatively smaller paid-up capital of Rs. 50.00 million, did not announce any distribution for its market lot of 500 shares. Listed since 1994, the fund reported a negative EPS of Rs. (3.26) for the year 2022/2023, highlighting the difficulties faced in the current fiscal period.