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.

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