AlQa'dah 23, 1432, Oct 21, 2011, SPA -- Hong Kong shares crept higher on Friday with utilities strong, but slumped to their first weekly loss in three as turnover hit a 8-1/2 month low, suggesting investors were cautiously awaiting signs of resolution to Europe's debt crisis from a weekend summit, Reuters reported. The Hang Seng Index closed up 0.24 percent on the day but down 2.57 percent on the week at 18,025.72. The China Enterprises Index closed up 0.25 percent on the day and down 3.81 percent on the week at 9,219.73. The Shanghai Composite Index closed down 0.6 percent at 2,317.28 on the day, the lowest level since April 2009. It slumped 4.69 percent on the week, surrendering last week's gains after a unit of China's sovereign wealth fund started to buy more shares in the country's big banks. -- SPA
