Germany’s benchmark DAX index closes up

Frankfurt, Nov 11 (IANS) The benchmark DAX index at the Frankfurt Stock Exchange on Tuesday closed slightly up by 17.07 points.

Investors remain indecisive ahead of a possible imminent rate hike of the Federal Reserve, according to local analysts. The weak euro is one of the factors which drove the blue-chip DAX index slightly up. It closed at 10,832.52 points, reported Xinhua.

Continental AG rose by 1.74 percent, followed by adidas AG with an increase of 1.67 percent. Daimler AG added 1.38 percent. K+S Aktiengesellschaft, a supplier of standard and specialty fertilizers, climbed by 1.27 percent. K+S Aktiengesellschaft went up by 1.1 percent.

The two utilities companies RWE AG St and E.ON SE dropped by 3.81 percent and 3.02 percent. Deutsche Bank AG lost 1.68 percent. Deutsche Lufthansa AG slipped by 0.96 percent and Commerzbank AG declined by 0.85 percent.

The turnover stood at 2.91 billion euros (around $3.13 billion). Siemens AG was the most traded share of the day with a turnover of 215.56 million euros (around $231.87 million).


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