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Germany's benchmark DAX index rises

Xinhua, April 20, 2016 Adjust font size:

The benchmark DAX index at Frankfurt Stock Exchange on Tuesday rose strongly and closed at 10,349.59 points.

Oil prices stabilized and a buying mood has returned, according to local analysts. The blue-chip DAX index added 229.28 points, or 2.27 percent.

All except one of the 30 DAX member shares advanced.

The utilities company RWE rose by 4.68 percent. Beiersdorf, a skin care company, climbed by 3.67 percent. Infineon Technologies, a semiconductor company, added 3.51 percent. Daimler gained 3.35 percent and Henkel, which operates three business areas including laundry and home care, beauty care and adhesive technologies, went up by 3.33 percent.

Commerzbank dropped by 0.81 percent.

Daimler was the most traded share of the day with a turnover of 420.96 million euros (around 475.74 million U.S. dollars). Endit