Gains for ISEQ in morning trading

Gains for ISEQ in morning trading

The ISEQ index of Irish shares added 25.38 points in early trading this morning, reaching 2,832.97 by 12.30pm.

Among financial stocks, AIB shed 6c to €1.49 after it was revealed the bank had agreed to a request by the European Commission to suspend certain payments to investors, including a €280m payment due to the Government, until the EU decides whether or not to approve its application for state aid.

Bank of Ireland meanwhile added 1c to €1.62, while Irish Life & Permanent was down 5c to €3.20.

Major risers included CRH, up 52c to €17.30; Paddy Power, up 35c to €24.65; Kerry Group, up 30c to €20.04; Smurfit Kappa, up 13c to €5.58; Glanbia, up 8c to €2.56 and Grafton Group, adding 8c to €3.17.

On the fallers' board, Aryzta shed 15c to €25.00 and Elan Corp dropped 14c to €4.25.

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