Irish shares outperform most leading indices worldwide

The Irish Stock Exchange (ISE) says it enjoyed one of its best-ever years last year.

The Irish Stock Exchange (ISE) says it enjoyed one of its best-ever years last year.

The overall index of Irish shares was up 28% in 2006, outperforming most of the leading indices in the world. Equity turnover was up 19% to more than €129bn, while €3.7bn was raised by companies trading on the ISE.

Ten new companies joined the index last year, most notably Aer Lingus.

Nine new companies listed on the IEX in 2006. These were: AGI Therapeutics, Amarin Corporation, Blackrock Corporation, Calyx, Finance Ireland, Norkom Group, Petroceltic International, Petroneft Resources and Siteserv Plc

The predictions for 2007 are also positive, with expectations that at least one major Irish company will join the index.

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