Egypt's market was up at week’s end as global and regional markets rose and oil prices remained steady, says an analyst.

Benchmark index, EGX30, gained 1.68 percent on Thursday to record 8,946 points with daily stock turnover at LE523.1 million.

"The Egyptian market is influenced by regional markets which were able to rise as oil prices stabilised this morning," said Eissa Fathy, vice head of the securities division at Cairo Chamber of Commerce, told Ahram Online.

Saudi exchange Tadawul gained 1.86 percent, Dubai’s stock market increased 2.05 percent while Qatar exchange climbed 3.42 percent. The world MSCI index increased 0.52 percent and oil stabilised at $51 per barrel.

Arab investors were net buyers in the Egyptian market to the tune of LE22.9 million while Egyptian investors were net sellers to the tune of LE18.7 million.

Market bellwether, Commercial International Bank (CIB), gained 2.02 percent to LE50 per share achieving the highest turnover at LE144.6 million.

Real estate developer, Palm Hills for Development (PHD), gained the most, rising 2.54 percent to LE4 per share. Talaat Moustafa Group (TMG) inched up 1.96 percent to LE9.9 per share.

State-run Telecom Egypt inched up 1.6 percent to LE12.21 per share and Orascom Telecom Media and Technology (OTMT) increased 1.59 percent to LE1.26 per share.

Broader index, EGX70, was up 1.55 percent.