ISEQ tumbles by more than 50 points

The Dublin stock exchange was down by 53.39 points to 6,279.76 by 11am this morning.

Leading the fallers was the Allied Irish Bank who so far have taken a 41c tumble to €16.09. Other financials were also down, Bank of Ireland by 15c to €13 and Irish Life and Permanent by 7c to €15.08. Anglo Irish Bank was the only positive in the sector with a five cent rise to €20.25.