ISEQ in negative territory

The ISEQ index of Irish shares has dropped 63.37 points to stand at 9362.7 as a gloomy afternoon descends on the market.

Most of the major financial heavyweights saw their shares suffer in early morning trading, AIB plummeted by 36c to stand at €22.64 by lunch time. Anglo Irish Bank also took a sharp downward turn dropping 28c to €15.32. Bank of Ireland managed to slow the steady downward spiral shedding just 4c to stand at €17.18.