Singapore's stock market closed marginally higher on Friday to end the week in black.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 3,709.96 and 3,739.29 throughout the day. It ended the session at 3,739.29, up 2.04 points or 0.05% compared to Thursday's close.

In economic news, Singapore's Import Price Index fell 6.8% year on year in October, following a 7.8% drop in the preceding month, according to a report by the Department of Statistics.

Meanwhile, Singapore's Manufactured Products Price Index fell 6.3% year on year in October, driven by a 19.7% drop in oil prices and a 3.4% decline in non-oil categories, led by chemicals, manufactured goods, and other manufactured articles, according to data released by the Department of Statistics.

In company news, shares of ASL Marine (SGX:A04) surged over 7% after the marine infrastructure company submitted an application to the SGX to exit the bourse's Watch-list.

CapitaLand Integrated Commercial Trust (SGX:C38U) was down 1% at the close after the trust utilized an additional SG$19.5 million from the SG$1.1 billion in gross proceeds raised from an equity fund raising exercise.

Meanwhile, Marco Polo Marine (SGX:5LY) posted a decline in its profit attributable to equity holders of 42% in fiscal H2 to SG$10.7 million from SG$18.3 million a year earlier.