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Local Update

Exchange Index by 22.61 points to 1,101.83 on Friday, thanks largely to a $2 jump in the Bank of Bermuda's shares, which closed at $32 on volume of 3,550.

The Bank of Butterfield also went up, by $1 , to close at $22.50 on volume of 710. In the day's only other trade, BF&M common stock was unchanged at $9 on volume of 275.

Shares worth $667,973 were traded last week.