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"Volumes are relatively quiet"
- Ken Polcari, a managing director at ICAP Plc's equities unit
Swiss stocks closed higher on Friday after the Swiss National Bank said its foreign currency reserves increased.
The Swiss blue-chip index SMI, a measure of the largest and most actively traded companies, gained 0.67%, or 39.63 points, to 5,936.23. The broader Swiss Performance Index rose 0.64%, or 33.93 points, to 5,343.52.
"Volumes are relatively quiet," Ken Polcari, a managing director at ICAP Plc's equities unit in New York, said on Friday. "Next week, we've got the new year. The focus will once again turn to the bigger European problem."