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Germany's benchmark DAX index continues to advance

Xinhua, February 21, 2015 Adjust font size:

The benchmark DAX index at the Frankfurt Stock Exchange on Friday continued to advance and closed at 11,050.64 points.

According to reports, the Greek government has reached a draft agreement with its creditors from the euro zone, which will extend bailout funds for it for another four months. The blue-chip index added 48.7 points and closed above 11,000 points for two days in a row.

Deutsche Telekom AG topped the risers' list, up by 1.69 percent. BMW AG St advanced by 1.51 percent. Deutsche Post AG climbed by 1.45 percent and adidas AG rose by 1.4 percent. Commerzbank AG went up by 1.4 percent.

Deutsche Lufthansa AG dropped markedly by 4.25 percent. Muenchener Rueck AG, a reinsurance company, lost 1.54 percent. K+S Aktiengesellschaft, a supplier of standard and speciality fertilizers, slipped by 1.16 percent. The utilities company RWE AG St slid by 0.62 percent. Fresenius Medical Care AG & Co. went down by 0.47 percent.

The turnover stood at 6.01 billion euros (around 6.85 billion U.S. dollars). Daimler AG was the most traded share of the day with a turnover of 549.42 million euros (around 626.17 million U.S. dollars). Enditem