At the close, the ISEQ index was up 68.43 points to 7,257.85.

Interest rates and in"ation were the main factors behind last week's loss on Irish and across global.

.LONDON FTSE 100 5655.2 Down 1.9% on week UK shares rose on Friday, led by BP and Royal Dutch Shell. Rio Tinto and BHP Billiton paced a rally among mining companies. The FTSE 100 index added 92.3, or 1.7%, to 5655.2, trimming its weekly loss to 1.9%.

The FTSE 100 fell by 2.5% on Thursday as markets around the world plunged after central banks lifted rates to curb inflation.

The European Central Bank increased its benchmark interest rate for the third time in six months, while the Bank of England kept its rate unchanged for a tenth month.

BP gained 9p, or 1.5%, to 612.

The shares fell 3.4% on Thursday.

Banks also gained, led by HSBC and HBOS. HSBC increased 11p, or 1.2%, to 934.

HBOS climbed 29p, or 3.1%, to 965.

Lonmin advanced 133p, or 5.9%, to 2,390. The company said it expects strong earnings growth for the year.

.EUROPE EuroStoxx 50 3295.93 Down 2.3% on week European stocks rebounded from their lows of 2006 after a Texas Instruments pro"t forecast renewed optimism for earnings growth and persuaded some investors that this week's slide was excessive. In"neon Technologies and Nokia led the advance on Friday. Prudential Equity Group raised its rating on the chip industry.

.NEW YORK DOW 10891.92, down 3.1% NASDAQ 2135.06, down 3.7% S&P 500 1252.30, down 2.7% US stocks fell on lingering in"ation concerns, pushing the Dow Jones Industrial Average to its worst week in almost a year, after a government report showed May import prices rose twice as much as economists' forecast. Exxon Mobil and General Electric added to their declines for the week.