BEIJING-- Chinese shares rallied for the third day in a row on Friday, led by media and entertainment stocks on expectations that the sector will see increased cinema sales during the summer season.

The benchmark Shanghai Composite Index gained 0.45 percent to close at 2,593.17.

The Shenzhen Component Index moved up 0.2 percent to finish at 11,651.29.

Combined turnover rose slightly to 193.9 billion yuan (about $30.3 billion) from 193.31 billion yuan the previous trading day.

Gainers outnumbered losers by 698 to 201 in Shanghai and 1,057 to 246 in Shenzhen.

Shares of companies in the media and entertainment sector led the rise. Zhejiang Huace Film and TV Co Ltd rose 7.83 percent to close at 47.08 yuan per share, while Huayi Brothers Media Co Ltd was up 4.3 percent to 16.51 yuan.

The textile sector rose 2.25 percent across the board on the news that the country's exports of textiles and clothes hit $26 billion in July, the highest monthly level posted this year.

Huafang Textile Co Ltd and Hunan Huasheng Co Ltd both surged by the 10-percent daily limit to finish at 9.25 yuan and 7.62 yuan.

The mechanical and electrical sector also rose, as the country has vowed to raise mechanical and electrical product exports by 30 percent over the next five years, according to a proposal on promoting the sector's development jointly issued by 11 government departments on Thursday.

Taiyuan Heavy Industry Co Ltd jumped by the 10-percent daily limit to close at 8.23 yuan while Hangzhou Boiler Group Co Ltd climbed 7.02 percent to 27.45 yuan.

Gold producers tracked the 1.8-percent losses of New York gold futures. Shandong Humon Smelting Co Ltd and Shandong Gold Mining Co Ltd lost 1.7 percent and 1.67 percent to finish at 51 yuan and 50.79 yuan, respectively.

Brokers also fell, weighed down by declining profit reports for the first half of the year. Founder Securities Co Ltd moved down 1.46 percent to close at 6.07 yuan while Everbright Securities Co Ltd dropped 0.87 percent to 11.4 yuan.