Short for Deutsche Aktienindex which is an arithmetic index of the share price of 30 blue chip German companies weighted by capitalisation The DAX is based on the Frankfurt Stock Exchange and is calculated every 60 seconds during trading hours
The German share index tracks the movement in value of the 30 most important German shares As well as the list prices, the index also shows the dividend payments The DAX began at the end of 1987 with a value of 1,000