The Los Angeles Business Journal’s index of the 200 largest local public companies narrowly closed up at the end of a shortened week ended Dec. 26.

The weighted local index closed up 0.41 percent to $94.31 Friday compared to a week ago, with gainers outpacing decliners 114 to 71.

Among decliners, Los Angeles office REIT Maguire Properties Inc. was still feeling the effect of suspending its dividend the week before and closed down 32 percent to $1.59.

FirstFed Financial Corp. fell 22 percent to $1.56. Standard & Poor’s said it is removing the Santa Monica bank holding company from its S & P; SmallCap 600 after the close of trading on Dec. 31 because its market cap is well below requirements for that index.

Glendale-based DineEquity Inc., which operates the IHOP and Applebee’s chains, was down 13 percent to $10.96. A JPMorgan analyst predicts recent gains in restaurant stocks may be short-lived since many of those companies still expect slow sales and weak profits in 2009.

Among top gainers, Crown Media Holdings Inc., the Studio City operator of the Hallmark cable TV channel, jumped 30 percent to $2.50. Monrovia-based Staar Surgical Co., which makes implantable contact lenses, also gained 30 percent to $2.86.

Image Entertainment Inc., the Chatsworth home entertainment media distributor that is selling itself for $60.2 million, rose 16 percent to $2.01. Los Angeles-based Abraxis BioScience Inc., which earlier this month launched its cancer drug Abraxane in the European Union, gained 13 percent to $74.50.