Ukraine’s stock market index PFTS turned out to be one of the world’s best-performing ones in 2018, according to CNBC, a business news channel, a subdivision of American-based National Broadcasting Company television network.
The media outlet reported on Jan. 3 that Ukraine’s performance has increased by as much as 80.39 percent through 2018, as demonstrated by data sources provided by Refinitiv, a global financial data center formerly associated with Thompson Reuters group.
PFTS’s skyrocketing output in 2018 comfortably headlined the list of the world’s fastest-growing stock markets, which also included Macedonia (+30.41 percent), Qatar (+20.87 percent), the United Arab Emirates (+11.75 percent), and Saudi Arabia (+11.75).
But for many other markets 2018 wasn’t so good of a year. Venezuela, which is still struggling with its years-long severe economic downfall, saw its index collapse by 94.89 percent, running far ahead of the list’s worst performing outsiders including Argentina (-50.2 percent), Turkey (-43.35 percent), China (-28.64 percent), and Pakistan (-28.07 percent).
CNBC noted that Ukraine’s rising took place in spite of the country’s additional request for aid from the European Union and NATO in 2018, as well as of the Nov. 25 incident in the Black Sea, during which Russia’s coast guard forces openly attacked three Ukrainian navy vessels cruising to the Kerch Strait and captured their total crew of 24 men.
As of Jan. 3 data, the PFTS index is comprised of 556,7019 points, a slight decline by 0.47 percent since the previous close of exchange.
According to PFTS’ own data, the stock market index demonstrated steadfast growth through 2018, starting from the year’s lowest point of 316,7659 on Jan. 5, 2018, to its zenith of 607,8486 nearly 11 months later on Nov. 13, 2018.
Ukraine’s PFTS stock market is based in Kyiv since 1997, and it presents itself as one of Ukraine’s biggest real-time stock trading floors.
According to its statistics, as many as 15,258 contracts were concluded in trading throughout 2018 totaling Hr 114 billion ($4.17 billion).
