Germany’s benchmark DAX index drops 3.06 percent

Frankfurt, Sep 19 (IANS) The benchmark DAX index at the Frankfurt Stock Exchange dropped by over 300 points and closed below 10,000 points.

The Federal Reserve on Thursday decided to leave interest rates unchanged. However, uncertainties in Europe brought the blue-chip index down by 313.42 points, or 3.06 percent on Friday. It closed at 9,916.16 points, Xinhua reported.

Among all the 30 DAX member shares, only adidas AG and Fresenius SE & Co. KGaA, a healthcare company, rose. The two companies advanced by 1.21 percent and 1.13 percent respectively.

The two utilities companies RWE AG St and E.ON SE slipped by 8.06 percent and 5.04 percent respectively. Deutsche Bank AG plunged by 4.44 percent. Siemens AG dropped by 4.33 percent and Daimler AG went down by 4.26 percent.

The turnover rose sharply to 10.96 billion euros (around $12.41 billion). Fresenius SE & Co. KGaA was the most traded share of the day with a turnover of 1.6 billion euros (around $1.81 billion).

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