Share surge puts ISEQ in top rankings
Ireland's benchmark stock index is one of the best international performers in 2014 and set to end the year trading above the psychologically important 5,000 mark - the first time since 2007 that it will have ended the year above that level.
With just two full trading days left this year - and a half day on New Year's Eve - the ISEQ Overall Index would need to shed 3.85pc, or just over 200 points by mid-week in order to dip below 5,000.
The ISEQ Overall Index closed at 5,200.13 on Christmas Eve, still hovering around the highest level it's been at in over six years.
The index closed at 5,325 on December 5. That was the highest point since June 2008, when the index was on a sharp downward trajectory.
In February 2007, the index breached the 10,000 mark but ended that year at 6,934.
Within another 12 months it had lost nearly 67pc of its value as the country spiralled towards economic meltdown.
Since December last year, the ISEQ has gained just over 16pc. That makes it one of the best performers among international stock indices.
The FTSE-100 rose just 1.26pc in the past year, according to Bloomberg. Germany's main DAX index has climbed 4.57pc, while France's CAC-40 has risen 1.84pc.
Spain's benchmark IBEX 35 Index has gained 10.8pc in the past year. The closely watched S&P Europe 350 - whose constituents include leading blue-chip companies from 16 developed European markets - has gained 6.5pc in the past year.
Even the Dow Jones Industrial Average, which hit a record high of 18,053 on Friday, has climbed 9.56pc in the past year - still less than the ISEQ. The Nasdaq Composite Index gained 15.6pc in the last 12 months.
A recovery in a number of company's share fortunes has helped to spur the ISEQ.
Shares in Aer Lingus have seen the biggest advance.
They've soared nearly 73pc in the past 12 months, according to Bloomberg, due in large part to a sharp rise on the back of an approach made for the airline just before Christmas by British Airways owner IAG.
Shares in Ireland's biggest company, building materials firm CRH, have advanced just under 9pc in the past year.
Shares in Kerry Group have advanced 18pc, while those in Ryanair have gained nearly 52pc.
The worst performer was Kenmare Resource, down 82.3pc in the last 12 months.
Previous ISEQ Overall close
on Feb 21, 2007