Trade operators are set to receive around Tk300 crore as immediate injection from the capital-market refinancing scheme worth Tk1,009 crore, amid government intervention to stimulate the bourses.
The supervision committee on the refinancing scheme will sit later to discuss how to speed up its operations and make it effective for propping up the bearish stock market.
"We are optimistic about disbursing an amount of Tk300 crore from the refinancing scheme among market operators soon," said Mohammad Saifur Rahman, an executive director of the securities regulator.
Representatives of the central bank, the Investment Corporation of Bangladesh (ICB) and the Bangladesh Securities and Exchange Commission (BSEC) will attend the meeting.
The meeting was convened a day after the government extended the tenure of the capital market scheme till December 2027.
The supervision panel has urged the government to make the refinancing scheme, which was introduced after the 2010-11 stock-market debacles, perpetual.
Meanwhile, BSEC on Monday received a letter from the central bank regarding extension of the capital-market refinancing scheme.
The government launched the scheme worth Tk900 crore in 2013 for the small investors who were affected by the 2010-11 market crash.
Of the Tk900 crore, the state-run ICB earlier received Tk856 crore from the central bank based on the demand of market operators, and the tenure of the scheme was extended several times.
The scheme received an interest worth Tk153 crore from the funds worth Tk856 crore disbursed among market operators such as stockbrokers and merchant banks.
On Monday, the government extended the tenure of the scheme pumping in Tk153 crore to add up to Tk856 crore.
The government moves came following eight days of relentless fall in the share prices that caused the prime index of the Dhaka Stock Exchange to tumble to an 11-month low on Sunday.
However, as the news of fund infusions flew in, DSEX, the prime index of the Dhaka Stock Exchange (DSE), soared 118.86 points or 1.93% in a rebound to settle at 6,261 on Monday, after losing 556 points in the past eight consecutive days.
