Dax current: "Almost a Goldilocks scenario": Dax closes in the plus - SAP continues rally

Düsseldorf: Despite concerns that investors might use recent profits for profit-taking, the DAX maintained itself against market apprehensions on the last trading day of the week. The index closed 0.5% higher at 26,440 points on Friday, marking a weekly gain of slightly over 0.5%. Early in the day, the DAX showed slight upward movement before losing momentum later in the afternoon.

At one point, it came close to its record high of 26,573.50 points achieved on Wednesday, just 30 points short. The German benchmark index has been distancing itself from geopolitical events in the Middle East, which dominated the first half of the year for the leading index. Strong quarterly results and economic outlooks have driven the growth of the German stock market, according to Andreas Lipkow, Chief Market Analyst at CMC Markets.

He noted that the market could be on the verge of a "Goldilocks scenario," characterized by steady economic growth, low inflation, and low interest rates, but cautioned against overlooking the ongoing conflict in the Middle East.