The stock market ended the week flat after a mixed performance from the leading shares. Jane O'Sullivan, Markets Correspondent, reports.

Settlement Date: June 5th

While AIB added 15 cents to 12.75 and Anglo Irish Bank was up eight cents at 7.47, Bank of Ireland lost 30 cents to 10.55 despite announcing the purchase of 250,000 shares at a price of €10.90 each on Thursday.

Construction-related stocks had a good day with CRH adding 48 cents to 13.20 while Kingspan gained 16 cents to 2.50 after issuing a positive trading statement at its annual meeting.

The Cavan-based company also announced the appointment of Mr Tom Mulcahy as a non-executive director, a move welcomed in the market where it is seen as strengthening the board and corporate governance at the company.

Grafton was another gainer on the day, adding 12 cents to €3.87 with nearly seven million shares traded, as it benefited from index-buying ahead of its inclusion in the MSCI Ireland index.

There was heavy trading in shares of Fyffes, which is also set to benefit from inclusion in the index, with more than 12 million shares changing hands. However, the stock closed just one cent higher at €1.54 after the annual meeting was told that trading to date this year was in line with market expectations.

DCC also fared well yesterday, adding 30 cents to €11.90 as brokers remained positive about the company in the wake of recent results.

But Ryanair shares closed 23 cents lower at 5.81 ahead of next week's results which are expected to be positive although brokers anticipate a more cautious trading outlook.