CAIRO, Jul 14 (Aswat Masriya) - The Egyptian stock market pushed up on Tuesday, with the benchmark index EGX 30 rising by 1.32 percent, continuing to make up for heavy retreats last week.

The medium and small stock index EGX 70 climbed by 1.33 percent, while the broader EGX 100 increased by 1.1 percent, supported by purchases from Egyptian and foreign investors. 

Several blue chip stocks buoyed including, the Commercial International Bank and Emaar Misr, which rose by 1.35 and 2.68 percent, respectively. Amer Groups's stock rose by 2.15 percent. 

The Egyptian subsidiary of the Dubai-based property developer Emaar is one of the largest foreign investors in Egypt's real estate sector. It listed in the Egyptian stock market last week but was off to a rough start. 

The Egyptian market's surge is part of a rally in global markets, in reaction to the announcement on Monday of Greece's bailout deal, which will avoid expelling the struggling country from the euro zone.    

Last week, the Egyptian market plunged, with EGX 30 losing 8.39 percent, settling at 7617 points.

At the time analysts said much of the Egyptian market’s stumbling was linked to the Greek debt crisis, saying the Egyptian stock market is quickly affected by global events.