Tri-Star Mutual Fund Reports Negative Returns in First Quarter of 2024

Karachi, Tri-Star Mutual Fund (TSMF), with a smaller scale of operations having a paid-up capital of Rs 50.00 million, posted a daily weighted average rate of Rs 5.12 with a high of Rs 6.00 and a turnover of 210,000 shares. Notably, the fund did not declare any distributions for the period and reported a negative performance of -3.26%. The market lot for the fund is set at 500 shares, with its last book closure dated October 23rd. Tri-Star Mutual Fund has been listed since 1994.