Irish shares made solid gains as stock markets worldwide staged recovered today after last week’s massive sell-off following the terrorist attacks in the US.
The ISEQ index of leading shares closed 111 points higher at 4,762 with gains reported across the board.
Bank of Ireland rose 44 cents or 5.45 per cent to euro 8.51, after leading brokers Goldman Sachs and Merrill Lynch reiterated their "buy" recommendations on the stock.
CRH added 75 cents to euro 15.70 took advantage of depressed valuations to top up their holdings in leading industrials.
Other shares posting impressive gains were Anglos irish up 12 per cent to euro 3.34, Fyffes up 6 cents to euro 1.15 and Horizon up 17 cents or 38 per cent to 62 cents.
In London the FTSE 100 index also recovered but investors are uneasy about the prospects of military conflict and recession.
The benchmark index ended up 180.2 points or 4.06 per cent at 4,613.9. The gains added some £43 billion sterling to the value of blue-chip shares, but the index was still down nearly 10 per cent from its level before the attacks.
Prominent among recovering stocks was insurer Prudential, which climbed 11.8 per cent to 635p, having fallen some 25 per cent since the assaults. Insurer Royal & Sun Alliance jumped 13 per cent to 316-1/2p.