Germany’s benchmark DAX index rebounds

Frankfurt, Feb 19 (IANS) The benchmark DAX index at Frankfurt Stock Exchange on Thursday continued to recover and added 86.43 points.

As oil prices showed signs of stability in light of the oil production countries’ meeting, confidence seemed to find its way among the investors. The blue-chip index rose by 0.92 percent and closed at 9,463.64 points, reports Xinhua.

Deutsche Lufthansa rose by 3.89 percent. Infineon Technologies, a semiconductor producer, gained 3.71 percent. Adidas advanced by 3.63 percent. Deutsche Boerse climbed by 2.74 percent and Linde, an industrial gas company, went up by 2.74 percent.

On the other hand, Deutsche Bank plunged by 4.14 percent. Beiersdorf, a skin care company, declined by 1.29 percent. Commerzbank slipped by 1.11 percent. Continental fell by 0.4 percent and Daimler dropped by 0.22 percent.

Daimler was the most traded share of the day with a turnover of around $371.12 million.

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