The benchmark blue chip DAX index of the Frankfurt Stock Market on Thursday temporarily broke the 10,000-point mark and closed at 9947.83 points.
The European Central Bank (ECB) moved to cut the benchmark interest rate down by 10 basis points to 0.15 percent and even brought the deposit facility interest rate to the negative territory. The DAX index surged and hit a new record high of 10.013,69 points before it went down and closed up by 0.21 percent.
Commerzbank AG rose considerably by 3.19 percent and led the top five risers including BMW AG St, Volkswagen AG Vz, Daimler AG and ThyssenKrupp AG. Deutsche Bank AG was the top faller of the day with a slide of 3.84 percent. It is also the most traded share with a turnover of 862.66 million euros (around 1,174.4 million U.S. dollars).