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Germany's benchmark DAX index closes up

Xinhua, May 11, 2016 Adjust font size:

The benchmark DAX index at Frankfurt Stock Exchange on Tuesday went up by more than 60 points and closed at 10,045.44 points.

Although some companies reported disappointing quarterly results, the blue-chip index managed to rise above the 10,000 point-mark due to the strong performance of the United States stock markets, according to local analysts. The DAX index climbed by 64.95 points, or 0.65 percent.

Volkswagen topped the list of risers with an increase of 4.22 percent. The utilities company RWE added 2.46 percent. Deutsche Bank surged by 2.42 percent. BMW soared by 1.95 percent and Continental hiked by 1.73 percent.

On the other hand, Muenchener Rueckversicherungs-Gesellschaft, a reinsurance company, dropped by 2.17 percent. Fresenius Medical Care lost 0.66 percent. Fresenius slipped by 0.46 percent. Vonovia, a real estate company, slid by 0.36 percent and adidas went down by 0.13 percent.

Daimler was the most traded share of the day with a turnover of 202.99 million euros (around 231.28 million U.S. dollars). Enditem