Index picks up 1.62, ends day at 355.51

The Arkansas Index, a price-weighted index that tracks the largest public companies based in the state, climbed 1.62 to 355.51 Tuesday.

“The major averages continued their upward momentum, closing higher as investors reacted affirmatively to better-thanexpected corporate earnings,” said Bob Williams, senior vice president and managing director of Simmons First Investment Group Inc. in Little Rock.

Total volume for the index was 21.3 million shares.

The index was developed by Bloomberg News and the Democrat-Gazette with a base value of 100 as of Dec. 30, 1997.