State’s index up 1.98; 13 stocks post gains
The Arkansas Index, a price-weighted index that tracks the largest public companies based in the state, gained 1.98 to 338.15 Friday.
Thirteen stocks advanced and five declined.
ArcBest shares rose 4.1 percent in light trading.
For the week, 12 stocks fell and six were up.
ArcBest had the best week, rising 4.9 percent.
Total volume for the index was 17.5 million shares. The average daily volume for the week was 17.2 million shares.
The index was developed by Bloomberg News and the Democrat-Gazette with a base value of 100 as of Dec. 30, 1997.