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The Arkansas Index, a price-weighted index that tracks the largest public companies based in the state, rose 1.29 to 381.73 Monday.

"The major averages closed fractionally higher as investors evaluated a flurry of mergers and arbitrage activity while awaiting further updates on tax reform," said Bob Williams, senior vice president and managing director of Simmons First Investment Group Inc. in Little Rock.

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

Business on 11/14/2017

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