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Article: Dublin stages a rally as U.S. and Europe stagger; Iseq briefing: Closed at 2,285.77 Up 91.82.(News)
- Article from:
- Daily Mail (London)
- Article date:
- April 2, 2009
CopyrightCOPYRIGHT 2009 Solo Syndication Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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DUBLIN managed to buck the European and U.S. trend yesterday by making sharp gains.
Banks were to the fore in the uplift on hopes that next week's Budget will draw a line under the uncertainty surrounding their capital bases.
Shares in AIB climbed by 18pc or 12c to E0.71, Bank of Ireland rose by 6c to E0.58 and Irish Life & Permanent gained 20pc or 21c to E1.31.
Such gains were also helped by the latest Irish banking statistics, which showed that lending was flat for February, not great but holding up much better than was expected.
The overall gain was achieved despite the fact that the day also had its share of bad economic news.
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