Market recovers from recent losses

THE Irish market went some way to recovering recent losses yesterday as investors continued to digest the effect of concerns over Dubai’s sovereign debt and its relevance to worldwide equity markets.

The ISEQ index gained 46.5 points by the close of business to rest at 2,838.20 over the weekend.

The banking sector fared better after a few tumultuous days, with all three major constituents making headway. AIB and Bank of Ireland tacked on 4c and 0.3c to €1.64 and €1.678. Irish Life and Permanent followed suit, finishing up 9.1c at €3.51.