Karachi: Pakistan Stock Exchange (PSX) opened first session of week on positive note, as benchmark KSE-100 inched up 0.29 percent to settle above 46,000 level. During trading session, benchmark index remained range-bound, swinging between 46,195.7 and 45,872.67. At close, KSE-100 settled at 46,054.81 after an increase of 134.08 points.

Banking sector remained in limelight as financial results start to pour in with other sectors under pressure due to higher cost of doing business moving forward in light of hike in electricity tariff.

Sectors lifting the benchmark index higher included, banking (113.31 points), power generation and distribution (28.46 points) and oil and gas marketing (25.56 points).

Volume on all-share index decreased significantly to 299 million from 504.5 million on Friday. Value of shares traded decreased to Rs 8.14 billion from Rs 12.01 billion in previous session.

WorldCall Telecom was volume leader with 35.8 million shares followed by K-Electric Limited with 32.4 million shares and Unity Foods Limited with 31.5 million shares. Shares of 337 companies were traded of which 147 registered an increase, 175 recorded fall and 15 remained unchanged.

However, market by and large has seen bullish momentum with investors staying confident amid new programme with International Monetary Fund worth $ 3 billion.

"Market gained 4,602 points since staff level agreement with IMF for SBA," said Arif Habib Limited in post-market note.