The Iseq had a steady start to the day's trading this morning with an increase in value of 56.03 points by 12.18pm.
Among the most traded stocks were Bank of Ireland (+10 cent), Anglo Irish Bank (-0.70 cent), Kerry Group (down -0.430 cent) and Allied Irish Banks (up 0.17 cent), and CRH.
Elsewhere, the FTSE 100 rose 1 per cent, flirting with the 6,000 level as banks helped the index recoup most of its previous day's fall after fears of a US recession sparked a slide in global equities.
Earlier today, US Federal Reserve chairman Ben Bernanke indicated he would be open to congressional and White House efforts to develop a rescue package to avert a recession.
Earlier this morning. the FTSE 100 was up 60.1 points at 6,003, but investors remained nervous about the US economy.
Over the last two sessions the FTSE 100 has shed 4.4 per cent as fears of a US recession have heightened.