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Germany's benchmark DAX index closes down

Xinhua, September 9, 2016 Adjust font size:

The benchmark DAX index at Frankfurt Stock Exchange on Thursday dropped by 77.69 points or 0.72 percent and closed at 10,675.29 points.

The European Central Bank (ECB) decided on Thursday to keep interest rates for the euro area unchanged, awaiting calmly effects of the ongoing implementation of the comprehensive monetary stimulus before acting further, which let the German equity market down.

The German blue-chip index fell dramatically in the afternoon as ECB President Mario Draghi introduced the outcome of the Governing Council Meeting and guarded his stance at the press conference that "for the time being the changes are not so substantial to warrant a decision to act".

The German airline Lufthansa topped the list of risers with an increase of 3.59 percent, followed by Deutsche Bank and Commerzbank which added by 1.24 percent and 1.08 percent respectively.

The multinational industrial gases and engineering company Linde lost the most by 2.76 percent.

The automobile manufacturer Daimler was the most traded share of the day with a turnover of 258.23 million euros (about 290 million U.S. dollars). Endit