ISEQ stabilises with 12-point rise

The Dublin stock exchange finished the day up 12.67 overall to stand at 6585.1 points.

Despite a positive trading statement from oil and gas exploration company Tullow which pushed the company's share price up 6c this morning, the firm's shares finished down 4c to €2.75 today.

Tullow said it saw record levels of trading in the first half of this year, due to high oil and gas prices and a strong production performance.

Ryanair's shares also lost ground during the day, going from a 2c rise down to stand unchanged on the previous day's price at €6.55. The low-cost airline announced eight new routes from the UK. As part of the expansion, a fifth Ryanair aircraft will now be based in Liverpool from September 27 next.

Elsewhere, the market was mixed with the largest rise coming from Business supprt company DCC who saw their stock climb 29c to €17.94, closely followed by building material group, up 20c to €21.99.

However, these rises were offset by large falls at UTV, down 24c to €6.60, and Kerry Group, down 20c to €20.65.

In the financial sector, Bank of Ireland saw the biggest gains with a 15c to €13.52. AIB was down 8c to €17.67, while Anglo Irish Bank rose 2c to €10.51. Irish Life and Permanent was down 5c at €14.35.

Builders McInerney recovered from their 14c fall this morning to stand only 3c down at €8.46, while Paddy Power climbed 15c to €14.30.