The Dublin market was in positive territory this afternoon as the decline oil price and a rebound by financial stocks lifted the index.
At 1.45pm the Iseq was 2.3 per cent ahead at 6,053.
Leading the way higher was Ryanair which has risen over 7.6 per cent to €3.25 on the back of a further decline in oil prices to $122 and well received full year results.
The company has now rebounded from a year low of €2.43 on May 22nd. Aer Lingus shares were also ahead at €1.64, a rise of 2.3 per cent.
Also in positive territory was Anglo Irish Bank which was ahead 5 per cent on €8.07 ending two days of losses while fellow financial stock Irish Life &Permanent was ahead 1.5 per cent at €10.59.
AIB was ahead over 1 per cent at €12.55 and Bank of Ireland was up 0.65 per cent at €7.65. Market heavyweight CRH was ahead 3.2 per cent at €23.30.
The day's biggest faller so far has been media group UTV which has seen its shares fall over 21 per cent to €2.17 following its announcement yesterday that it plans to raise approximately £49.9 million in a rights issue.