Tri-Star Mutual Fund NC Faces Challenges with Negative Earnings

Karachi, Tri-Star Mutual Fund NC (Symbol Code: TSMF) closed today at Rs. 4.90, which is consistent with its daily weighted average rate. With a modest paid-up capital of Rs. 50.00 million, the fund did not announce any dividends for 2022 or 2023. According to information available from the Pakistan Stock Exchange (PSX), the fund, listed in 1994, showed a yearly high of Rs. 6.00 and a low of Rs. 4.00 for the period of January to April 2024, and faced a significant challenge with an EPS of -3.26. It managed a turnover of 252,000.