The DAX (Deutscher AktienIndex) is a German stock index. Its calculation is based on the value of shares of the largest companies in Germany (“blue chips”) which are traded on the Frankfurt Stock Exchange. Let’s trace the key dates in the history of the DAX index.
December 31, 1987. The start of the DAX index. Initial value = 1000, it was based on the value of 30 shares of the largest companies in Germany.
January 1, 2006. The DAX index is calculated every second thanks to Xetra technology
2021. The base for calculating the index was increased from 30 to 40 companies.
November 15, 2021. The historical (at the time of writing this article) maximum has been set. The record value of the index is = 16,290.