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The DAX

The DAX, or Deutscher Aktienindex, is a German stock market index that tracks the 40 largest blue-chip companies on the Frankfurt Stock Exchange, first published on July 1, 1988. It serves as a key economic indicator and is widely used in financial products, having reached an all-time high of nearly 16,427 points on June 16, 2023. The index is calculated every second using Xetra technology and reflects the performance of major German companies.

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21 views1 page

The DAX

The DAX, or Deutscher Aktienindex, is a German stock market index that tracks the 40 largest blue-chip companies on the Frankfurt Stock Exchange, first published on July 1, 1988. It serves as a key economic indicator and is widely used in financial products, having reached an all-time high of nearly 16,427 points on June 16, 2023. The index is calculated every second using Xetra technology and reflects the performance of major German companies.

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mdeenyale
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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The DAX, or Deutscher Aktienindex, is a German stock market index that

tracks the 40 largest German blue-chip companies trading on the Frankfurt


Stock Exchange. It was first published on July 1, 1988, with a base value of
1,163.52. The DAX serves as a key indicator of the German economy and
is a popular underlying asset for financial products.

Here's a more detailed look at the history:


 Establishment:
The DAX was created in 1988 as a way to track the performance of major German
companies.
 Base Date:
The official base date for the DAX is December 30, 1987, with a starting value of
1,000.
 Calculation:
The index is calculated every second since 2006, using the Xetra technology.
 Purpose:
The DAX reflects the development of the largest listed German companies, making
it a leading indicator for the German economy.
 Popularity:
It's a popular underlying asset for financial products like ETFs, futures, options, and
structured products.
 All-time High:
The DAX reached its all-time high on June 16, 2023, at almost 16,427 points.
 Largest Daily Gain:
The largest daily gain in the DAX's history occurred on October 3, 2008, with an
increase of 11.40%.

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