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Germany's benchmark DAX index rallies

Xinhua, October 24, 2015 Adjust font size:

The benchmark DAX index at Frankfurt Stock Exchange on Friday rallied and rose by more than 300 points.

Mario Draghi, president of the European Central Bank indicated on Thursday that the central bank might expand the bond purchasing program and cut interest rates after a meeting in Malta. The remarks made by Draghi boosted the confidence of the market and the blue-chip index added 302.57 points and closed at 10,794.54 points.

Merck KGaA, a leading pharmaceutical, chemical and life science company, topped the list of risers with an increase of 6.51 percent. HeidelbergCement AG advanced by 4.98 percent. Bayer AG rose by 4.25 percent. Fresenius SE & Co. KGaA, a health care group, climbed by 3.77 percent. Volkswagen AG Vz went up by 3.76 percent.

K+S Aktiengesellschaft, a supplier of standard and speciality fertilizers, is the only one among the DAX member shares that suffered losses. It plunged by 1.8 percent.

The turnover stood at 5.17 billion euros (around 5.82 billion U.S. dollars). Daimler AG was the most traded share of the day with a turnover of 545.58 million euros (around 614.57 million U.S. dollars). Endit