DAX Stock Index

DAX Stock Index definition - finance
An index of 30 selected German blue-chip stocks that are traded on the Frankfurt Stock Exchange. The index was created with a base value of 1,000 on December 31, 1987. Typically, a company must be listed for at least three years prior to the inclusion of its stock in the DAX. Also, the free-floating capital must be at least 15 percent.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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