The Australian share market has closed higher, finishing the session and the week in positive territory despite two of the big four banks going exdividend.

At the close on Friday, the benchmark S&P/ASX200 index was 43.0 points, or 0.78 per cent, higher at 5,549.1, while the broader All Ordinaries index was up 42.9 points, or 0.78 per cent, at 5,522.1, according to preliminary figures.

On the ASX 24, the December share price index futures contract was 57 points higher at 5,553, with 32,462 contracts traded.