The central bank has provided more fund to the state-run Investment Corporation of Bangladesh (ICB) to bring back stability in the share market, officials said.

Bangladesh Bank (BB) has disbursed a total of Tk 4.0 billion to the ICB through IFIC bank in the last two consecutive days to avert any massive slide.

"We've provided the fund to the ICB as short term loan," a BB senior official told the FE Tuesday, adding that the central bank would inject more fund as per the market requirement.

On Sunday, the BB sanctioned a fresh loan to the ICB amounting to Tk 2.0 billion, which was disbursed on Monday.

The BB further injected fresh fund worth Tk 2.0 billion to the ICB Tuesday as trading in both bourses was halted by the Securities and Exchange Commission (SEC) for the second time in eight days.

With 80 minutes remaining in Tuesday's trading session, the benchmark index of the Dhaka Stock Exchange, generally known as DGEN, was down by 3.29 per cent or 243 points when trading was suspended.

Earlier on Monday last week, the SEC suspended trading within the opening fifty minutes of trade when DGEN was down by 9.0 per cent or 660 points.

"We'll take all measures to bring back stability in the capital market," an ICB senior official told the FE, adding that the ICB is purchasing shares actively to inspire the investors and boost their confidence.

News: The Financial Express/ Bangladesh/ Jan-19-2011