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Germany's benchmark DAX index closes down

Xinhua, February 17, 2016 Adjust font size:

The benchmark DAX index at Frankfurt Stock Exchange on Tuesday dropped by 71.73 points and closed at 9,135.11 points.

Oil producing countries including Saudi Arabia, Russia and several key OPEC members decided to freeze oil output at January levels at a meeting in Doha on Tuesday. Market participants here are disappointed at the result and the blue-chip index ended in the negative territory, according to local analysts.

Deutsche Post rose by 1.24 percent and Beiersdorf, a skin care company, added 0.46 percent.

On the other hand, the utilities company E.ON declined by 3.6 percent. HeidelbergCement fell by 3.37 percent. Thyssenkrupp lost 3.11 percent. Commerzbank slipped by 2.16 percent and Deutsche Boerse went down by 1.95 percent.

Deutsche Bank was the most traded share of the day with a turnover of 227.12 million euros (around 254.28 million U.S. dollars). Enditem