While the overall market rose as a result of the diplomatic détente, the shares of Deutsche Börse and K+S lagged behind significantly.
In the very strong overall market after the ceasefire in the Iran war, the shares of Deutsche Börse and K+S were at the bottom of the DAX and MDAX on Wednesday.
Both had benefited from the six weeks of the Iran War. The securities of the Eschborn stock exchange operator have now gained more than 11 percent in value, and those of the Kassel fertilizer manufacturer even a quarter. The latter completely wiped out the war plus with a double-digit price loss in the middle of the week. Most recently, Deutsche Börse shares fell by 2.69 percent to 249.60 euros via XETRA. Meanwhile, the K+S shares lost 10.22 percent to 15.46 euros.
Fertilizer prices had recently risen sharply in the wake of the war. This is due in particular to the high energy requirements of production – and the massive increase in energy prices. The closure of the Strait of Hormuz by Iran caused disruption. The strait is one of the world’s most important trade routes – not only for oil and gas, but also fertilizers from Qatar, Saudi Arabia, Bahrain and Oman.
In addition to the strong fluctuations on the stock market, Deutsche Börse also benefited from events on the energy exchange, particularly through its subsidiary EEX./ag/jha/
FRANKFURT (dpa-AFX)
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