Market gains along with peers

THE ISEQ gained 25.23 points to close at 2,912.05, in line with other European and world bourses. Markets await the result of the Greek vote on new austerity measures, which are a condition of the EU/IMF bailout.

In the financial sector, Irish Life and Permanent will seek shareholder approval, at an EGM on July 20, for the state to pump €3.4bn of fresh capital into the bank. This would ensure the state has over 99% ownership. The capital will go into the company after the EGM and prior to July 31, which will see the bank delist from the official list of the Stock Exchange on August 19 and be admitted unto the ESM on August 22. Shares in the bank closed down 50% at 3c. Bank of Ireland added 0.6c to 12.3c, while AIB slipped 0.6c to 14.5c.

In the construction sector, CRH gained 11c to close at €14.29. Grafton Group advanced 7c to €3.35, while Kingspan gave up 10c to €6.90.