Stock Analyst, First National Equity Pvt Ltd, M.M Hassan told APP that the expected positive results to be announced in next couple of the days caused the positive sentiments in the local stock market.

"The low-priced shares of banking sector has led the bullish rally in the markets because the investors took positions in this sector for short-trading rather than long-term trading," he added.

Besides fertilizer sector, the banking sector also remained volume leader in the market because the major positions were taken in the sector rather power and oil sectors, he said.

Total volume of shares traded was 33,235, which was down by 11,235 as compared to a day earlier's closing.

Out of 126 companies' shares traded, the price of 70 was increased while the price of 56 decreased.

The price of top gainer Unilever Pakistan was increased by Rs.11.48 while the price of top loser Siemens Pakistan Engineering decreased by Rs.21.57.

Bank Al Falah, Habib Bank Ltd and Silk Bank Limited remained volume leaders on Monday, with volume of 12,500, 6,655 and 5,000 shares respectively.