KARACHI: Following an overnight celebration of reaching a Staff-Level Agreement with the International Monetary Fund (IMF), the Pakistan Stock Exchange (PSX) experienced sluggish conditions on Thursday due to declining economic growth and foreign exchange reserves ahead of long closure.

Nevertheless, the benchmark KSE 100 index added modest gains to the previous day’s rally. Sentiments turned cautious after the IMF announced that it had allowed a Re1 reduction in the power tariff rather than the Rs8 per unit cut discussed within government circles, undermining investor confidence.

Ahsan Mehanti of Arif Habib Corporation said........

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