World bourses in reverse gear

THE ISEQ index weakened 48.39 points to 2,444.52 yesterday in line with world markets.

Investors tensely awaited information coming out of a two-day US Federal Reserve meeting, which concluded late last night, while the European debt crisis continues to weigh on sentiment.

In the financial sector, Bank of Ireland shed 0.1c to 7c. AIB fell 0.2c to 4.3c. Irish Life & Permanent was unchanged at 2c, while insurance group FBD Holdings was another non-mover, closing at €6.40.