Ukraine's PFTS stock market index (PFTS) climbed by over 80% during 2018 according to data sourced from Refinitv, reports America’s CNBC. This performance makes the Ukrainian exchange comfortably the top performer worldwide over the past 12 months.
The CNBC report noted that this rise came despite rising tensions in the Black Sea following the Russian seizure of three Ukrainian vessels and crews in late November.
The second placed market was Macedonia with 30.41% growth, or almost exactly 50% less than first placed Ukraine’s annual increase of 80.39%.
Ukraine’s strong performance came while major stock markets across the world suffered their worst calendar year since the global financial meltdown of 2018, leaving many investors fearful of further declines over the coming months.