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Brokers preview NIT-IF as dull scrip
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KARACHI: The Income Fund of National Investment Trust Limited would be enlisted in Karachi Stock Market after the completion of its initial public offering which is going to commence from February 15 till February 19, 2010. However, most of the stock market experts opined that the said fund does not have any strength to make any difference in trading volumes in the bourse.
Moreover, due to its fixed rate return, the NIT Income Fund does not have any strong prospects of securing capital gains and will be treated as a dull security by the experienced traders. However, the Chairman of NITL Tariq Iqbal Khan has said that the NIT Income Fund would make capital gains in the long-term and he was quite hopeful of its trading success in the stock market.
It may be recalled that when National Savings Bond was offered to public for subscription at that time too, most of the veteran stock brokers had termed NBS a de-motivating product for the stock market because of its fixed return which set the investors' participation in even form.
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