Banking shares soar on ISEQ

Shares in the major Irish banks soared on the Irish Stock Exchange today after the details of the Government's Nama plan were welcomed by investors.

AIB jumped over 28%, rising 74c to €3.38, while Bank of Ireland added almost 18%, rising 51c to €3.38.

The gains pushed the overall ISEQ index up 105.01 points to 3,469.49.

Elsewhere, Tullow Oil lifted 60c to €14.00 following the announcement of a new oil find in Uganda.

Other risers included CRH, up 14c to €19.75; Grafton Group, rising 13c to €3.94, and Kingspan, up 9c to €7.00.

On the fallers' board, Kerry Group fell 50c to €19.40; Paddy Power lost 38c to €20.99; FBD slipped 17c to €8.13; Greencore lost 6c to €1.43 and Irish Life and Permanent dropped 4c to €5.85.