European Stocks Close Slightly Higher Supported by Technology Stocks

European stock indices on Tuesday closed slightly higher , supported by a rise in technology company stocks, which offset the impact of a decline in stocks linked to resource companies after a decline in commodity prices. The European Stoxx 600 index ended trading 0.1 percent higher after achieving its best performance during one session in more than a month on Monday. The European index received support from the results of technology-related companies, as German SAP shares jumped 7.2 percent to its highest level ever after the largest software maker in Europe announced better than expected quarterly operating revenues, supported by revenue growth and intensified cost reduction. The German DAX index rose 0.8 percent, outperforming financial markets in the region thanks to SAP results. The technology companies sub-index achieved the best performance among sectors, with gains of 1.4 percent. The decline in primary metal prices contributed to increasing the losses of the European index, while the shares of heavy energy companies lost 1 percent amid pressure on crude oil prices. Source: Qatar News Agency