ISEQ down almost 2%

The IMF's gloomy assessment of the Irish economy appeared to weigh on market sentiment this morning, with the ISEQ index of Irish shares down 52.65 points or 1.91% to 2,703.38 at 11.15am.

Index majors on the fallers' board included CRH, shedding 47c to 16.07; Ryanair, down 12c to 3.25; Elan Corp, 8c off at 5.10, and Greencore, down 2c to 1.22.