The IBEX 35 (a contraction of Iberia Index) is the benchmark stock market index of the Bolsa de Madrid, Spain's principal stock exchange.
the index is administered and calculated by Sociedad de Bolsas, a subsidiary of Bolsas y Mercados Españoles (BME), the company which runs Spain's securities markets (including the Bolsa de Madrid).
It is a market capitalization weighted index comprising of the 35 most liquid Spanish stocks traded in the Madrid Stock Exchange General Index, which are reviewed twice annually.
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