Germany’s benchmark DAX index closes lower

Frankfurt, Feb 20 (IANS) The benchmark DAX index at Frankfurt Stock Exchange on Friday closed down and lost 75.59 points.

Oil prices appeared to be a main point of concern for investors. Due to the falling prices, the blue-chip DAX index lost 0.8 percent and closed at 9,388.05 points.

Vonovia, a real estate company, rose by 1.87 percent. The skin care company Beiersdorf added 1.65 percent. Linde, an industrial gas company, advanced by 1.64 percent. Deutsche Lufthansa gained 0.78 percent and Continental went up by 0.67 percent, Xinhua news agency reported.

The two utilities companies E.ON and RWE each dropped by 4.5 percent and 2.6 percent. Volkswagen lost 3.22 percent. K+S, a supplier of standard and specialty fertilizers, plunged by 2.89 percent. Deutsche Post slipped by 2.14 percent.

Allianz was the most traded share of the day with a turnover of around $430.24 million.

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of or any employee thereof. is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here