The stock exchange in Venezuela with the highest growth for 2011

The major index of Venezuela's Stock Exchange located in Caracas reported growth of 80.8% in 2011 and topped the global ranking of the best performing stock markets of the year, reported Business Insider. The Mongolian Stock Exchange ranks second in terms of growth with an increase of 32.6% and the General Index of Panama is third with an increase of 29.2%. The Tehran Stock Exchange registered a 29.1% growth and the stock market in Trinidad and Tobago – a 19.3% increase. The stock market index of the stock exchange in Jamaica ranks sixth with a 12.8% growth. The ranking of the best performing stock markets of the year includes Tanzania (12%), Botswana (8.8%), the U.S. Dow Jones Industrial Average (6.3%), the Philippines (3.8%) and Iceland (2.6%). The overall assessment, however, shows that less than 15% of the stock markets remain in the green this year.

Bulgaria’s index SOFIX was also in the Top 10 ranking in September with a 2.2% growth, but declined considerably afterwards. The main index of the Bulgarian Stock Exchange fell 11.04% since the beginning of the year. This decline, however, is much lower than the decrease registered by the leaders in the negative list for 2011. The period was not easy for investors worldwide. Over 80% of the global stock markets remained in the red and some of these reported a decrease of more than 40%.

Experts’ forecasts for 2012 are not very optimistic.

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