Bulgaria's Stock Exchange has reported some impressive results for 2016 – its main index, SOFIX grew by 27.23%, reaching 586.43 percentage points.
This is a truly remarkable achievement, considering the fact that the stock exchange sunk by 11.72% at the end of 2015.
The performance of the national stock exchange is some good news for the pension funds that invest in Bulgarian securities – most of them have reported positive results for 2016, too.
In fact, SOFIX has been on the rise for several years now, experts say. At the end of 2014 it grew by 6.22% and a year earlier the index soared by the mind-blowing 42% y/y.
SOFIX's increase is the third biggest in Central and Eastern Europe, economists have calculated.
Kazakhstan's main index sits on the top with a staggering 58-percent increase for 2016, followed by that Hungary (22.79%).