The Dax reversed course in Friday trading, shedding early gains after briefly approaching a new record high.

The German benchmark index settled at 25,698 points, a modest 0.3% increase over Thursday’s close, as traders locked in profits following a strong week.

The pullback marks a pause in the index’s recent momentum.

The Dax had climbed to a fresh all-time high earlier in the session, extending a rally that began on Thursday.

However, buying interest faded as the day progressed, with sellers stepping in near the 25,900-point resistance level.

This consolidation follows a synchronized global rally that lifted European equities.