The DAX Index Closes 0.69% Higher

The DAX Index went up by 179 points or 0.69 percent on Friday to close at 26319 points. The rise was led by SAP (4.30%), Scout24 (3.52%) and Infineon (3.23%). On the downside, the weakerst performers were Daimler Truck Holding AG (-2.81%), Zalando (-2.11%) and Allianz (-1.63%).

The DAX 40 extended early gains to close about 0.7% firmer at 26,355 on Friday, setting a fresh record high and booking a 2.8% weekly gain. Market sentiment remained supported by an upbeat earnings season, while investors awaited developments in US-Iran negotiations to reopen the Strait of Hormuz. Germany's stronger-than-expected industrial production and export data further reinforced the positive market tone. Technology shares rallied, with strength across software and semiconductor stocks. SAP climbed 4.1% and Infineon Technologies advanced 2.9%. Scout24, Siemens, BMW and Deutsche Borse also performed well, rising between 1.7% and 3.6%. On the flip side, Daimler Truck (-2.8%) led losses after reporting an 18% drop in Q2 profit, despite raising full-year adjusted EBIT guidance. Munchener Ruck fell 1.4% even after a suprise 6% increase in net profit. Allianz fell 0.6%, as non-life insurance growth disappointed despite record operating profit.

The DAX 40 rose 0.6% to near 26,300 on Friday, setting a fresh record high and marking the second day of advances. Attention remained centered on corporate earnings and Middle East developments. On the data front, Germany’s industrial production and exports topped market expectations, providing a positive signal for the economy. The technology sector, particularly software companies and chipmakers, led sectoral gains, followed by pharma & healthcare and industrials, while insurers faced strong selling pressure. SAP climbed 3.4% and Infineon Technologies added 1.6%. Rheinmetall, Scout24, Qiagen and Brenntag also advanced solidly. Daimler Truck slipped nearly 3%, after reporting an 18% drop in second-quarter profit and despite raising full-year adjusted EBIT guidance. Munchener Ruck slid 2.7% even after a suprise 6% increase in net profit. Allianz fell 0.9%, despite stronger-than-expected record Q2 operating profit, as net income came in below forecasts.