HONG KONG, Aug 20 (Reuters) - Hong Kong shares rose 1.9 percent on Thursday tracking solid gains on the Shanghai bourse, but heavyweight China Mobile weighed on on the main index after reporting disappointing earnings in the second quarter.
The benchmark Hang Seng Index finished 374.63 points higher at 20,328.86, bouncing off a one-month closing low on Wednesday. But turnover dropped to HK$57.2 billion from Wednesday's HK$64.4 billion.
China Mobile, the world's largest mobile carrier, dropped 0.2 percent to HK$82.85 after announcing a 1.6 percent drop in its April-June quarter earnings amid intensified competition in the Chinese telecom industry.
The China Enterprises Index, which represents top locally listed mainland Chinese stocks, was up 2.3 percent at 11,518.84 while the Shanghai Composite Index <.SSEC> had rebounded 4.5 percent. (Reporting by Parvathy Ullatil; Editing by Chris Lewis)