Kse-100 gained some pulse in a range bound session on Monday after it accumulated 90.74 points. Benchmark index extended previous session’s gains and crossed 34,000 mark to settle at 34,062.14 points. The market sentiments were lifted after Pakistan bureau of statistics (PBS) revealed country’s inflation rate slows down to 8.2% year on year in May. The inflation rate was 8.5pc in April, and currently stands at 10.94pc reveled for the period from July to May, 2019-20. The fall in the inflation rate has raised hopes of a further cut in the interest rate by the state bank of Pakistan. Pre-budget uncertainty drove investors sentiments throughout the trading session as Irfan saeed senior vice president of BMA capital management said market is expecting the government to extend a relief on capital gain tax.The Index traded in a range of 241.85 points or 0.71 percent of previous close, showing an intraday high of 34,061.92 and a low of 33,820.07. Of the 94 traded companies in the KSE100 Index 38 closed up 56 closed down, while 0 remained unchanged. Total volume traded for the index was 124.14 million shares. While, All Share Volume decreased by 34.93 Million to 198.10 Million Shares. Market Cap increased by Rs.8.25 Billion. Sectors that propped up the index were Commercial Banks with 169 points, Oil & Gas Exploration Companies with 52 points, Pharmaceuticals with 6 points, Cable & Electrical Goods with 6 points and Glass & Ceramics with 2 points. Among the scrips, most points added to the index was by Muslim Commercial Bank which contributed 56 points followed by United Bank Limited with 37 points, Oil & Gas Development Company limited with 35 points, Habib Bank limited with 27 points and Bank Al Habib Limited with 25 points.However, Sectors that weighed down the index included Cements, losing 41 points, followed by Power Generation & Distribution losing 20 points, Insurance losing 18 points, Investment Banks losing 18 points and Food & Personal Care Products with 12 points. Among the scrips, the most points taken off the index was by Hub Power Company Limited which stripped the index of 21 points followed by Lucky Cement Limited with 18 points, Dawood Hercules Corporation Limited with 14 points, NESTLE with 12 points and Mari Petroleum Company Limited with 12 points. Global MarketsGlobal equities showed mixed trend on Monday following series of events. On the geo political front investors closely followed mounting tensions between United States and China over Beijing’s move to impose controversial national security laws in Hong Kong.In Asia, major markets posted gains after economic data releases showed China’s factory activity expanded in May. Data released over the weekend by China’s National Bureau of Statistics showed factory activity in the country expanding in May, with the official manufacturing Purchasing Manager’s Index (PMI) coming in at 50.6. That was a decline from the 50.8 print in April and below the 51.0 level expected by analysts. Still, the figure for May was above the 50 level, which separates expansion from contraction in PMI readings.The expansion of manufacturing activity draws better gauge for Investors banking on the likely recovery of post covid-19 economies.Hong Kong’s Hang Seng index led the regional gains, surging 3.36% on the day to close at 23,732.52, with shares of life insurer AIA soaring 5.17%. The index posted gains following careful presser by U.S president Donald trump who ordered his administration to begin the process of eliminating special U.S. treatment for Hong Kong to punish China, but stopped short of calling an immediate end to privileges that have helped the territory remain a global financial center.Mainland Chinese stocks also saw robust gains on the day, with the Shanghai composite closing up 2.21% to about 2,915.43. South Korea’s Kospi rose 1.75% to close at 2,065.08.This comes despite Seoul’s official data announced country’s exports in May fell 23.7% year-on-year. South Korean exports tumbled in May for the third straight month, though at a slower pace, as extended global lockdown measures to contain the wider spread of the coronavirus weighed on worldwide demand.Meanwhile, in Japan, the Nikkei 225 closed 0.84% higher at 22,062.39 as shares of index heavyweight and conglomerate Softbank Group jumped 3.85%.European stocks also advanced on Monday as lockdown measures ease across the continent, but investors held back following ongoing protests throughout the U.S, that has triggered curfews in many cities. London’s FTSE 10- added 1.03%, while France’s CAC 40 climbed 1.23%, Italy’s FTSE MIB gained 1.37%.In, U.S stocks dipped at wall street on June’s first session as rising trade tensions spoiled hopes for a smooth economic reopening. Major indexes trimmed early gains after Chinese government officials ordered companies to halt imports of US farm products. The purchases were a key component in the two countries’ phase-one trade deal. The import pause fueled new worries that the economic powers could resume their tit-for-tat trade conflict after a months-long hiatus. The Dow Jones Industrial Average lost about 20 points, or 0.1%. The broad S&P 500 fell less than 0.1% while the Nasdaq Composite added 0.1%. UnitedHealth and Pfizer had the largest negative impacts on the blue-chip Dow and collectively shaved about 35 points off the index.The investors may have shrugged off the escalating civil unrest in major cities of United States but market sentiments remained cautious.