Dublin market has €129bn turnover

The Irish Stock Exchange turned over €129 billion last year making it one of the best ever year's for trading, it was revealed…

The Irish Stock Exchange turned over €129 billion last year making it one of the best ever year's for trading, it was revealed today.

On average €511 million went through the Dublin market every day in 2006 - a 19 per cent increase on business in 2005.

In all, 900,900 deals were done in 2006 compared to 792,120 in 2005. In its annual report, the ISE said 10 new companies joined the Exchange in 2006, raising a total of €3.7 billion.

The most high profile entrant was Aer Lingus which was successfully added to the market on September 27th, raising €1.17 billion.

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"This is another outstanding performance by the Irish market and the figures show clearly that the Irish Stock Exchange is an attractive location for investors who wish to trade in Irish equities," ISE chief executive Tom Healy said.

"The past year has seen the Exchange further strengthen its market, product and service offerings, as well as consolidating its position as the global leader for the listing of investment funds and the leader in Europe for debt securities."

The ISE also said 2006 saw the Exchange consolidate its position as the world leader for the listing of investment funds.

Following another year of growth, total funds listed at the year end stood at over 4,300.