B Mirror Report : The country’s top capital market, the Dhaka Stock Exchange (DSE), has moved nine listed Companies to the Z category for failing to hold their Annual General Meetings (AGMs) within the allotted time. Therefore, as long as these companies are in the Z category, no margin lending facility will be available for buying shares of these companies.

Up to Sunday (January 4), the shares of these nine companies were traded under the ‘A’ and ‘B’ categories. From Monday (January 5), their shares will be traded under the ‘Z’ category, according to information published on the DSE website.

The companies are: Fu-Wang Food, Beach Hatchery, First Security Islami Bank, Kattali Textile, Wimax Electrodes, Alif Industries, S. Alam Cold Rolled, Gemini Sea Food, and Best Holdings.

Meanwhile, from Monday, no margin loan facility will be available for purchasing shares of these companies during the period they remain in the Z category. The DSE has instructed all stockbrokers and merchant bankers to suspend margin loan facilities for these stocks.

The DSE stated that the category change was made in accordance with an order issued by the Bangladesh Securities and Exchange Commission (BSEC) on May 20, 2024.