ISEQ rises by over 40 points
The Dublin stock exchange ended the week on a positive note despite decreases in the financial sector and at Grafton Group.
The ISEQ moved up 42.05 points to 6785.84 by the end of the day's trading.
Of the financial stocks only AIB recorded gains on today's stock exchange, rising 5c to €17.62. Anglo Irish Bank and Bank of Ireland both slipped 4c to €11.16 and €12.76 respectively. Irish Life and Permement fell 2c to €15.45.
Shares in Grafton Group dropped more than 7% today, plumetting 55c to €8.18, British building supplier Travis Perkins said UK market conditions had worsened significantly in recent weeks.
Grafton, which posted a record first-half profit in September, said then that the UK market was softening but it was confident of continued growth.
In the UK Grafton's merchanting operation is the 4th largest in the market. Shares in the building supplier group were down 7% at €8.12 in Dublin this afternoon.
Ryanair rose 28c to €7.25 following their announcement of a a $1bn (€854m) aircraft expansion plan for its Frankfurt Hahn base.
Ryanair will base 18 aircraft, operate over 50 routes, carry 8 million passengers a year and sustain over 8,000 jobs at Frankfurt Hahn.
However, the low-cost airline was not the biggest riser of the day. That honour fell to technology firm Icon who saw their stock climb €1.88 to €34.88 overall.
Elsewhere, pharmaceutical giant Elan had a 35c rise to €7.85 and Jurys hotel group went up 20c to €18.90, while DCC increased their share price by 19c to €16.59.
