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The FTSE 100 increased by 36.70 points following a 0.1 per cent growth at 5,501.64 when it closed on Friday, Reuters reports.
According to the news provider, the positive early result was helped out by new banking rules published yesterday which were not as severe as people expected.
Richard Hunter, head of UK Equities at Hargreaves Lansdown Stockbrokers, said the announcement led to some uncertainty being removed and "the timeframe for the banks to get their houses in order quite generous".
The Royal Bank of Scotland experienced a 2.7 per cent rise and Lloyds Banking Group went up 2.6 per cent with Prudential climbing 3.4 per cent.
Moreover, this news comes after the FTSE 100 ended Friday with its highest close since April partly due to pharmaceutical stocks, the news provider added.
Posted by Chris Weaver
