The Dooms Day
Rumors with regards to liquidation of foreign fund has been circulating in market which holds almost all the free float of OGDC. Their holding in OGDC is approximately 350 million shares. The fund has filed liquidation of one of its fund whose exposure in Pakistan is less than 1% and its total fund size is USD11 million. This is being confused by its other fund whose size is USD 12bn and is not been liquidated. Market participants are panicked with the name of the fund whereas all the rumors are baseless.