KUALA LUMPUR: The FBM KLCI was up nearly 1% at midday amid relief over a temporary peace deal struck between US-Israel and Iran, and an agreement to reopen the Strait of Hormuz while negotiations are ongoing.

Bursa Malaysia's main index rose 16.32 points to 1,688.51, snapping a four-day losing streak as global equities leapt higher on expectations the deal could pave the way for a more permanent resolution to the Middle East conflict. The index had maintained a positive range of 1,683.58 to 1,693.56 throughout the early session.