China stock index futures close higher

China's stock index futures closed higher on Friday, with the most actively traded contract for March 2014 up 1.24 percent from the previous trading day to close at 2,174 points.

The April contract gained 1.27 percent to end at 2,175 points. The June contract climbed 1.03 percent to end at 2,169.2 points, while the September contract went up 1.06 percent to 2,169.6 points.

The stock-index contracts, agreements to buy or sell the Hushen 300 Index at a preset value on an agreed date, are designed to allow investors to bet on and profit from either gains or declines in the market.

The index futures was launched at the China Financial Futures Exchange (CFFEX) and started trading from April 16, 2010. The CFFEX has set the base value for all the four contracts at 3,399 points.