Iseq sees stock fall more than 40 points

The Dublin stock exchange has had a negative morning as it was down more than 40 points.

The ISEQ stood at 7,338.35, a fall of 43.16 points by 11am this morning.

The financials had a large part to play in tghe slump as Irish Life and Permananet was the only bank to see its stock rise, a modest one cent increase to €18.51. Bank of Ireland had the largest fall of 33c to €13.67 with AIB down 22c to €18.08 and Anglo Irish Bank down 15c to €11.25.

Compounding the slump were construction rivals Abbey, down 10c to €9.30, and Kingspan who fell 16c to €13.25.

However, the largest faller was FBD Holdings, the insurance provider tumbling 60c to €34.20 while mobile group Getmobile slipped 27c to €0.06.

On the positive side, there was a €1 climb for technology group Icon Plc to €43.75 and a 30c increase by Paddy Power to €13.70.