ISEQ surges back into black

The ISEQ surged back into positive territory today rising 32.95 points to 7956.58.

Shares strengthened for bathroom products distribution company Qualceram Shires by 10c to €1.50 despite today's announcement of after-tax losses of €1.6m for the six months to the end of June.

Losses for the same period last year were €3.7m.

Qualceram Shires boss John O’Loughlin said: "Despite tough market conditions and high energy prices we have achieved an improved and satisfactory performance."

Meanwhile AIB rose 1c to €19.50, Bank of Ireland also inched up by 16c to €14.61. IL&P fell by 3c to €18.74 closely followed in a downward spiral by Anglo Irish Bank where shares also dropped by 3c to €18.74.