Shares in Dublin buck general fall

SHARES in Dublin bucked the negative trend throughout Europe yesterday, as the ISEQ edged 23.63 points higher to 5129.70.

For the second successive day, Ryanair took centre stage. With over 10 million shares traded, the budget carrier went some way towards reversing yesterday's dramatic fall, climbing 10c to 4.85. The stock is still under pressure ahead of the European Commission’s ruling on the company's Charleroi deal, due next week.

Elan advanced 10c to 7.05, after it reported successful trials of its antegren drug, in the treatment of Crohn's disease. Elsewhere, shares in Paddy Power fell for the forth-consecutive day, dropping 10c to 7.45.