Odisha News Insight

Germany’s benchmark DAX Index ends at nearly 10,000 Points

Frankfurt Stock ExchangeFrankfurt, Oct 9: The benchmark DAX index at Frankfurt Stock Exchange kept on the track of recovery and closed at nearly 10,000 points. Though four leading economic institutes in Germany lowered their forecast for that country’s growth in 2015 and Germany’s exports recorded the largest monthly drop since the 2009 financial crisis, the German stock market generally still stayed on the course of rebound on Thursday.

The blue-chip index was slightly up by 22.67 points, or 0.23 percent, to 9,993.07 points, Xinhua reported. Deutsche Lufthansa AG, the largest airline group in Europe, was the top riser with increase by 4.21 percent, followed by K+S AG and Fresenius Medical Care AG & Co., which, respectively, added by 3.29 percent and 2.04 percent.

Bayer AG fell the most by 1.8 percent. Deutsche Bank warned it would suffer a record loss in the third quarter, that made its share price 1.77 percent lower. The turnover fell to 3.56 billion euros (around $4.02 billion). Deutsche Bank AG was the most traded share of the day with a turnover of 413.85 million euros (around $467.44 million).

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