"Markets are confident that Greece will finally receive the second bailout package and reach a haircut deal"
- Alessandro Fezzi, senior market analyst at LGT Capital Management AG in Switzerland
Swiss stocks gained, led by rallies in Holcim Ltd and Credit Suisse Group AG, amid optimism that Greece will receive a second bailout.
The Swiss Market Index (SMI), a measure of Switzerland's biggest and most actively traded companies, added 0.33 per cent on Friday and is now 6,237.69.
The index has rallied 5.1 per cent this year as the European Central Bank moved to lend more to banks and U.S. economic reports topped forecasts.
The broader Swiss Performance Index increased 0.38 per cent, or 21.18 points, to 5,653.57.
© Dukascopy Bank