KUALA LUMPUR (July 31): The FBM KLCI saw a turnaround after it started off in the red along with the rest of the region as both Dialog Group Bhd and Petronas Gas Bhd (PetGas) helped to lift the KLCI into positive territory.

The KLCI, which saw a decline of 0.34% to a low of 1,764.21 points in the opening trade, has seen a reversal after that, climbing above its previous close of 1,770.26 to edge higher by 0.03% to 1,770.69 points.

As of writing, Dialog's share price was up by 1.24% or 4 sen to RM3.26 with about 1.2 million shares traded. Similarly, PetGas was also higher by 1.26% or 24 sen to RM19.36 with about 226,700 shares traded.

PetGas was the top performing counter on the index at the time of writing.

Maybank Kim Eng analyst Liaw Thong Jung had earlier upgraded the recommendation on Dialog to a "buy" from hold with a target price (TP) of RM3.58, implying a potential upside of about 9.8% from its current level. The average TP for Dialog is RM3.43, which is about 5.2% above its current level.

Both PetGas and Dialog have seen a strong support since a year ago as they recorded a total return of 7.4% and 70.63% during that period respectively.

Other top gainers in the index as of writing include Press Metal Aluminium Holdings Bhd, which has seen a gain of 1.09%, followed by Sime Darby Plantation Bhd at 0.95%.

On the other side of the coin, IHH Healthcare Bhd was the worst performing index, falling by 2.18% to RM5.83 as of writing.