The benchmark DAX index at Frankfurt Stock Exchange on Thursday went down by more than 100 points and closed at 10,088.87 points.
Concern about the referendum of the United Kingdom membership of the European Union weighed on the sentiment of investors. The blue-chip DAX index lost 128.16 points, or 1.25 percent.
Three companies gained with Vonovia, a real estate company, taking the lead by adding 0.26 percent. The utilities company RWE advanced by 0.23 percent and Deutsche Post went up by 0.21 percent.
On the other hand, the utilities company EON dropped by 7.17 percent. Deutsche Telekom fell by 3.55 percent. Commerzbank slipped by 3.16 percent. Volkswagen lost 2.21 percent and Allianz went down by 2.17 percent.
Deutsche Telekom was the most traded share of the day with a turnover of 475.16 million euros (around 540.61 million U.S. dollars