Inditex stock closes 2012 70 percent up

2012 has been a difficult year for listed companies around the world although there have been exceptions like the Spanish textile giant, which has seen its shares risen by 68.64 percent.  So Inditex will farewell the year with a market capitalization

of 65.044 million euros, compared to the 39,350 rmillion it ecorded a year ago.

2012 has left other securities milestones for the company founded by Amancio Ortega, as the fashion apparel group reached the 100 euros per share on 5 October. Nine months earlier, on January 5, 2012, Inditex left behind its 52-weel low of 62.92 euros.

Months earlier, in May, the shares of the group that owns Zara crowned Ibex35 and turning Inditex into the largest Spanish company by market capitalization. With 63.333.33 million, Inditex stood up well ahead other Spanish index heavyweights like Santander, with 59,986.5 million, and Telefonica, with 48,309.1 million.

On December 18, the titles of the textile company marked a record high at the end of the session, as well as an intraday high (108.5 percent). Days earlier, Inditex reported net profit of 1,655 million euros over the first nine months of its fiscal year.