ISEQ down in morning trade

The ISEQ index of Irish shares fell 51.75 points to 9875.84 points today.

Build materials group CRH led the fall, losing €1.20 on its opening price and trading currently at €35.

Allied Irish Bank also saw 13c lost from its share price (now €22.55).

Pharmaceutical company Elan held relatively steady, losing 1c, after the company announced that the Gastrointestinal Drugs Advisory Committee and Drug Safety and Risk Management Advisory Committee of the US Food and Drug Administration (FDA) will jointly review Tysabri for the treatment of Crohn's Disease on July 31.

Tysabri is also intended for use for multiple sclerosis patients.

There were some moves upwards also on this morning's ISEQ - Kerry Group was up 10c while Anglo Irish Bank rose 37c.