The ISEQ-index of Irish shares took another major hit this afternoon as the market dipped 248.72 points to 7162.44.
Tremors on the worldwide oil market and general pessimism among investors saw activity on the Irish trading floor floundering in the red.
Leading the descent in Ireland is construction company Kingspan who saw 99c wiped off its share price this afternoon.
Also lagging behind, the banking sector wallowed in negative territory all afternoon with major losses in almost all quarters.
AIB plunged 52c at €14.81, Bank of Ireland 39c at €10.71 and Anglo also made losses slipping 35c at 10.60.
IL&P, also sliding downhill today, lost 31c off its shares at €13.52.