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DAX slips, euro down from record high against dollar =
Published in Saudi Press Agency on 18 - 11 - 2004

Germany's main DAX share index fell 0.21 per cent to 4152 in early Frankfurt trading Friday as the euro weakened after breaking 1.33 against the dollar - another in a series of recent record highs.
The secondary MDAX lost 0.22 per cent to 5236 and the technology TecDAX listing edged down 0.10 per cent to 513.
Traders said the weaker dollar and Wall Street's closure Thursday for the Thanksgiving holiday put pressure on stocks.
Household products group Henkel was best performer in the 30- share DAX, climbing 0.95 per cent to 63.75 euros after it announced plans to cut 3,000 jobs by 2006 in a new restructuring plan.
Shares in MDAX-listed KarstadtQuelle, Germany's largest retail store chain, jumped 2.37 per cent to 9.94 euros after the company announced an 11-hour compromise with dissident shareholders late Thursday, paving the way for an injection of new equity.
The euro continued to rise to record highs against the dollar, having broken through 1.33 dollars at one point.
However the euro was trading near 1.32 at 0930 GMT, near Thursday's European Central Bank reference rate of 1.3213 dollars.


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