Elan posts ISEQ gains

Shares in Elan jumped almost 4% this morning after it said the latest trials of its multiple sclerosis drug Tysabri on people who have the disease showed significant positive effects on their quality of life.

Elan were up 45c to €12.05.

That didn't improve the ISEQ's downbeat mood, with the Dublin Stock Exchange down 15.25 points to 7978.09 by 11am.

All the financials were in negative territory. Irish Life and Permanent fell 22c to €20.08, AIB fell 17c to €19.09, Bank of Ireland fell 12c to €15.00 and Anglo Irish Bank slipped 8c to €13.15.

In oil stocks, Tullow Oil rose 10c to €5.10, or 2%. Dragon Oil remained unchanged.