What is CROBEX?
CROBEX is the main share index of the Zagreb Stock Exchange. It contains the stocks of the 25 largest and most liquid companies in Croatia.
Where have you heard about CROBEX?
Croatia is considered a frontier market, which means it’s less advanced than an emerging market. Analysts have said it has huge potential though, and hope its membership of the EU will continue to boost its economy.
What you need to know about CROBEX.
CROBEX is a capitalisation-weighted index, where the weight of each stock is capped at a maximum of 10%.
The index, which was developed with a base level of 1,000 from September 1, 1997, is revised every third Friday of March and September to make sure the constituents still meet the required criteria.
Companies featured in the index include AD Plastik, Arena Hospitality Group and Zagrebacka Banka, Croatia's biggest bank. Trading on the Zagreb Stock Exchange takes place between 10am and 4pm every week day.