Seoul shares up; Samsung Elec, Hyundai Motor rise

SEOUL, July 24 (Reuters) - Seoul shares rose 2.2 percent on Thursday after oil prices dropped again, with Samsung Electronics (005930.KS) up on talk it would announce a share buyback, while Hyundai Motor (005380.KS) gained despite disappointing earnings.

Foreign investors net bought 202 billion won ($200.2 million) worth of South Korean shares, ending their record 33-selling session since June 5, during which foreigners dumped 9 trillion won ($8.92 billion) worth of Seoul shares.

The Korea Composite Stock Price Index closed up 2.16 percent to 1,626.14 points, the highest closing since July 1. ($1=1009.0 Won) (Reporting by Park Jung-youn; Editing by Keiron Henderson)