Singapore's stock market closed higher on Friday despite the city-state reporting a decline in its export price indices for November.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 3,762.93 and 3,785.21 throughout the day. It ended the session at 3,771.63, up 10.18 points or 0.27% compared to Thursday's close.

In economic news, Singapore's export price index slipped 5.0% year on year in November, extending the 8.4% fall in the previous month. The non-oil index slid 3.4%, while the oil index plunged 11.7% on year.

Meanwhile, Singapore's import price index also fell 5.1% year on year last month, extending the 6.5% drop in the preceding month.

Singapore's domestic supply price index (DSPI) fell 3% year over year in November, marking the fourth consecutive month of decline but easing from the 5.1% decrease in October.

In company news, shares of CSE Global (SGX:544) plunged over 5% after its wholly owned subsidiary, CSE W-Industries, started the process of filing legal proceedings against a client in Texas.

ISDN Holdings (SGX:I07, HKG:1656) was down nearly 2% after it completed the liquidation of its indirectly wholly-owned subsidiary, Shenzhen Servo Dynamics.