Tri-Star Mutual Fund Reports Negative Performance for 2022-2023

Karachi, The Tri-Star Mutual Fund (TSMF), a non-cumulative fund listed on the Pakistan Stock Exchange since 1994, disclosed a negative earnings per share (EPS) of -3.26 for January 2024, pertaining to the fiscal year 2022/2023. Unlike its counterparts, the fund did not announce any distribution for the period and reported no final rate, with its trading activity recorded at a mere 27,000 shares.

The mutual fund, with a minimal paid-up capital of Rs. 50.00 million, experienced a trading high of Rs. 5.5 and faced a challenging year with no low rate reported. The previous book closure for the fund was on October 23, and it maintains a market lot of 500 shares. This performance indicates a period of adversity for the Tri-Star Mutual Fund, reflecting the volatile nature of investment markets.