“The National Investment Trust has not offloaded shares of any value, even of a single penny, from its NIT-State Enterprise Fund (NIT-SEF) since its launch in January 2009,” Tariq Iqbal Khan stated while talking to the scribe on Friday.
The NIT-SEF is worth Rs20 billion and was launched with an aim of stabilizing market after it had accumulated losses of about 58 per cent last year to hit a four-year low.
“The Trust, however, had booked some profits only on last Friday, but it was done from another NIT run old fund. This profit selling was done for the first time in the last one year,” he disclosed and said, “The market men were presenting this tiny issue as the biggest issue of market these days.”
He questioned as why they were making a single day profit booking by one of NIT Fund as an issue when the other fund mangers are very much habitual of trading shares very frequently.
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