Germany’s benchmark DAX index closes higher

Frankfurt, Feb 23 (IANS) The benchmark DAX index at Frankfurt Stock Exchange on Monday went up by nearly 200 points and closed at 9,573.59 points.

Oil prices hiked and the exchange rate of euro plunged, which contributed to the recovery of the DAX index, according to local analysts. The blue-chip DAX index added 185.54 points, or 1.98 percent, Xinhua news agency reported.

The two utilities companies RWE and E.ON led the risers’ list, up by 5.63 percent and 5.3 percent. Thyssenkrupp rose by 4.82 percent. Volkswagen advanced by 4.21 percent. Deutsche Bank climbed by 3.95 percent.

Deutsche Lufthansa and adidas lost 0.48 percent and 0.1 percent respectively.

Bayer was the most traded share of the day with a turnover of around $245.81 million.

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