Singapore: Singapore shares ended the week on a lower note Friday, with the Straits Times Index (STI) dropping by 72.69 points, or 3.72 per cent, to close at 1878.51.

At mid-day, the STI was up 9.71 points to 1960.91, however, the afternoon saw selling pressure due to gloomy economic outlook despite government support for the banking sector and Singapore dollar deposits.

"We had seen first two days of gains but the index fell for the rest of the three days on continuing concern about world economic outlook," a Singapore trader said.

The Singapore Exchange closed with 338 losers against 178 gainers, trading volume totaled 1,265.3 million shares. (dpa)