DSE Moved Two 2 Companies to ‘Z’ Category Due to Production Shutdown

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DSE Moved Two 2 Companies to ‘Z’ Category Due to Production Shutdown

B Mirror Report : Two additional listed firms have been placed in the “Z” category by the Dhaka Stock Exchange (DSE) since their production activities have been discontinued for more than six months. Jahin Spinning PLC and Baraka Power Limited are the businesses. Shares of both businesses under the “Z” category started to trade today.

The DSE said the decision was taken in line with the Bangladesh Securities and Exchange Commission’s (BSEC) 2024 directives regarding the ‘Z’ category, as the companies had kept their production operations closed for over six months.

With the inclusion of these two companies, the total number of securities traded under the ‘Z’ category on the DSE has risen to 110. Of these, 32 companies have been classified as ‘Z’ category specifically due to the suspension of their production activities.

The other 30 listed companies whose production remains closed, according to the DSE’s published list of inactive companies, are: Apollo Ispat Complex, Aramit Cement, Aziz Pipes, Bangladesh Welding, Dulamia Cotton, Emerald Oil, Familytex (BD), GBB Power, Generation Next Fashions, Hamid Fabrics, Khulna Power Company, Khulna Printing and Packaging, Meghna Condensed Milk, Meghna Pet Industries, Metro Spinning Mills, Mithun Knitting, New Line Clothings, Northern Jute, Noorani Dyeing, Pacific Denims, Prime Textile, Rahima Food, RSRM, Regent Textile, Suhird Industries, state-owned Shyampur Sugar Mills, Standard Ceramics, Tung Hai Knitting, Yakin Polymer, and state-owned Usmania Glass Sheet Factories.

 

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