REPUBLIKA.CO.ID, JAKARTA-- Indonesia Stok market posted sizable gains on Thursday on optimism that the United States lawmakers were getting closer to reaching an agreement on lifting the debt.

The index of the Indonesian Stock Exchange (BEI) closed 29.24 points or 0.66 percent higher at 4,486.68 points with index of 45 most liquid stocks up 0.87 percent to 755.19 points.

"The BEI index closed higher again on optimism that the US government and the Congress would reach a compromise to raise the borrowing limit," Panin Sekuritas" said analyst Purwoko Sartono on Thursday.

Market also saw a new strong candidate Janet Yellen to replace Bernanke at the helm of The Fed as positive for her reputation as monetary stimulus proponent.