Iseq pushed upwards in morning trading

Dublin's stock exchange was showing signs of recovery from its fall yesterday as morning trading pushed the index into positive territory.

The Iseq is currently up 26.47 points at 5,653.39.

Financials and the construction sector were the main reasons behind the rise.

All the banks showed increases by 11am, Bank of Ireland experiencing the biggest increase of 18c to stand at €11.20. Allied Irish Bank were up 10c to €13.60, Anglo Irish Bank were up 5c to €14.90 and Irish Life and Permanent had increased their price by 7c to €12.90.

Of the construction sector, CRH, Grafton and McInerney all had a 10c increase to stand at €19.30, €7.50 and €5.95 respectively.

Shares in Ryanair increased by 9c to €4.10. The low-cost airline today announced seven new European routes from Milan.

IAWS have posted the largest rise of the day so far, the Food group seeing their shares go up by 24c to €10.10, while rivals, Greencore, have seen their shares fall 6c to €2.74.

Also on the negative side, Jurys hotel group saw their share price fall 12c to €10.65, and DCC and Iona Technologies' share prices fel 10c to €14.60 and €3.