Market shows signs of recovery

THE ISEQ index clawed back some ground yesterday as the market settled down from the previous week’s roller coaster ride. The Dublin Exchange gained 58.88 points closing at 7510.51.

In the banking sector AIB climbed 18c to close at €18.30, with rival Bank of Ireland rising 15c to €14.30. In the second line Anglo Irish upped 3c to €11.95, with only Irish Life and Permanent losing ground, closing 3c lighter at €18.75.

Ryanair announced a deal with Moroccan authorities to develop a base in the country, its first outside Europe. The airline’s stock rose 10c to €6.60. IAWS fell 15c to €13.85 while Paddy Power strengthened by 69c to €14.14. CRH regained some value adding 35c to €25.95.