The positive trend continued at the Pakistan Stock Exchange in the first trading session of the week. The KSE100 index went up by 182 points to reach 46,097.

The index took off to a positive start listing its high for the day around noon. Selling pressure at those levels caused a slight decline however the index was able to close in the green.

Oil prices in the international market continued to rise over uncertainty on the Iran deal. A rise in oil prices impacts Pakistan’s index heavyweight E&P sector in a positive manner.

Broader markets in Asia took off to a cautious start as equity markets around the world awaited key inflation figures from the U.S. which are expected to be released later this week. Inflation figures will provide guidance on the monetary policy in the U.S. which often affects equity markets around the world.

At the closing bell 211 companies had advanced with 147 closing in the red. 17 scrips remained unchanged.

Market participation for the KSE100 Index decreased to 191M from 295M in the previous session (-35% on d/d basis). Major contribution to total market volume came from WTL, SILK and SMBL combined for 349M shares out of the total market volume of 766M shares.