Germany's DAX index closes down

The benchmark DAX index at the Frankfurt Stock Exchange on Monday dropped by 0.81 percent and closed above 9200 points.
Although the blue-chip index slipped, analysts are optimistic that the equity market in Germany will rally at the end of this year, according to the German business daily Handelsblatt. The DAX index lost 75.17 points and closed at 9251.7 points.
The second largest bank in Germany Commerzbank AG topped the list of risers, up by 1.21 percent. Heidelberg Cement AG, ThyssenKrupp AG, ThyssenKrupp AG, Deutsche Lufthansa AG and the semiconductor producer Infineon Technologies AG managed to rise by 0.28 percent to 0.61 percent.
The chemical company BASF SE dropped the most by 1.65 percent. The utilities companies E.ON AG and RWE AG St slipped by 1.57 percent and 1.52 percent. Deutsche Boerse AG went down by 1.41 percent. The industrial gas company Linde AG continued to drop, down by 1.29 percent.
The turnover stood at 2.78 billion euros (around 3.48 billion U.S. dollars). Siemens AG was the most traded share of the day with a turnover of 199.33 million euros (around 249.6 million U.S. dollars).