KUALA LUMPUR (July 14): The FBM KLCI rose 5.08 points or 0.3% after debt-laden Greece reached a conditional agreement with lenders.  

At 9:03am, the KLCI was traded at 1,721.19 as stocks like Kuala Lumpur Kepong Bhd and Tenaga Nasional Bhd rose. Across Asia, Japan's Nikkei added 1.58% while Australia's S&P/ASX 200 climbed 1.7%.

Reuters reported that investors cautiously waited to see if Greece's conditional bailout agreement would bring to an end that country's debt crisis.

The terms imposed by Athens' international lenders led by Germany in all-night talks at an emergency summit obliged Greece's leftwing Prime Minister Alexis Tsipras to abandon his pledge to end austerity.

In Malaysia, JF Apex Securities Bhd wrote in a note : "Following yesterday's flat (KLCI) performance, the index could react positively to the good news in Greece. Immediate resistance is seen at 1,740 points."

Yesterday, the KLCI added 0.53 point or 0.03% to close at 1,716.11. Overnight, the US' Dow Jones Industrial Average climbed 1.22%, S&P 500 rose 1.11% while Nasdaq Composite was 1.48% higher.

Today, Bursa Malaysia saw some 44 million shares worth RM24 million changed hands. There were 182 gainers versus 49 decliners.

The top gainer was Latitude Tree Holdings Bhd while Petronas Gas Bhd led decliners.The most-active stock was ManagePay Systems Bhd.