The ISEQ endured a tough day's trading day, falling back 32.91 to close the day at 5,613.53.
It was another mixed day for financial stocks. Allied Irish Bank shares climbed 3c to €13.90 while Bank of Ireland shares slipped 1c to €10.99.
Anglo-Irish Bank shares fell 8c to €14.97 while Irish Life & Permanent closed the day down 5c to €13.06.
Earlier Irish Life & Permanent announced it had raised more than €1.5bn in a major securitisation of the mortgage book of its UK subsidiary, Capital Home Loans (CHL). The securitisation is the largest ever undertaken by the Group.
Shares in pharmaceutical giant Elan suffered today, falling 20c to €17.80, while shares in agribusiness giant Kerry slipped 15c to €17.85.
Shares in building materials group CRH were down 8c to €19.12.
The most traded stocks today were Bank of Ireland, Ryanair, Anglo-Irish Bank, CRH and AIB.