Germany’s benchmark DAX index closes up

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Frankfurt, April 5 (IANS) The benchmark DAX index at Frankfurt Stock Exchange rose and closed at 9,822.08 points.

Merck, a health care and life science company, topped the list of risers with an increase of 3.44 percent on Monday, Xinhua news agency reported.

RWE rose by 3.09 percent. Fresenius, a health care company, advanced by 2.88 percent. Fresenius Medical Care climbed by 1.86 percent. Bayer went up by 1.78 percent.

On the other hand, Continental lost 1.28 percent and Deutsche Lufthansa slipped by 1 percent. Deutsche Telekom dropped by 0.91 percent. Linde, an industrial gas company, plunged by 0.79 percent. Deutsche Bank went down by 0.74 percent.

Daimler was the most traded share of the day with a turnover of 310.67 million euros (around $353.75 million).

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The euro went weak and investors are optimistic that central banks are able to prop up the recovery of the world economy, according to local analysts. The DAX index gained 27.44 points, or 0.28 percent.

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