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MERVAL Index (Argentina) Yearly Returns

Year	Beginning Price	Ending Price	Gain or Loss	Percent Gain or Loss
1995	460.49	518.96	58.47	12.70%
1996	518.96	649.37	130.41	25.13%
1997	649.37	687.50	38.13	5.87%
1998	687.50	430.06	-257.44	-37.45%
1999	430.06	550.47	120.41	28.00%
2000	550.47	416.77	-133.70	-24.29%
2001	416.77	295.35	-121.42	-29.13%
2002	295.35	524.95	229.60	77.74%
2003	524.95	1071.95	547.00	104.20%
2004	1071.95	1375.37	303.42	28.31%
2005	1375.37	1543.31	167.94	12.21%
2006	1543.31	2090.46	547.15	35.45%
2007	2090.46	2151.73	61.27	2.93%
2008	2151.73	1079.66	-1072.07	-49.82%
2009	1079.66	2320.73	1241.07	114.95%
2010	2320.73	3523.59	1202.86	51.83%
2011	3523.59	2462.63	-1060.96	-30.11%