Around the world's markets: Frankfurt

SHARES IN Frankfurt closed slightly lower after a volatile day ahead of the expiry of share and index options on Friday. The Xetra DAX ended down 0.56 per cent at 5,062.59.

Lufthansa was the most traded stock, gaining 5.37 per cent. The group has been named in Thailand as one of the three most likely bidders for a stake in the country's airline.

BMW gained 2.74 per cent ahead of its profit and dividend figures for 1998.