Equity prices falter for want of triggers

After brea­king a four-session losing streak overnight, the sto­ck market on Wednesday struggled as investor sentiment remained mixed due to a lack of positive triggers, forcing the benchmark KSE 100 index into the red zone on late profit selling. Topline Securities Ltd said the stock market had a range-bound session, with the benchmark index moving between a high of 583 points and a low of 598 points. It ultimately closed at 112,254 points, marking a decline of 490 points or 0.43 per cent day-on-day. The upward movement was mainly driven by En­­gro Holdings, Tariq Glass Industries Ltd, Lucky Ce­­ment, Pakistan Interna­tio­nal Bulk Terminal (PIBTL), and Nestle Pakistan, contributing 155 points to the index together. Converse­­ly, Engro Fertiliser, Fauji Fertiliser, and PSO took away 181 points.