The Dhaka Stock Exchange (DSE) has downgraded nine listed companies to the Z category from the A and B categories due to non-compliance with listing requirements.
The companies are Fu-Wang Food, Beach Hatchery, First Security Islami Bank, Kattali Textile, Wimex Electrodes, Alif Industries, S Alam Cold Rolled, Gemini Sea Food, and Best Holdings.
DSE sources confirmed the development, stating that trading of shares of these companies under the Z category will begin from Sunday, January 4.
The DSE has also instructed stock brokers and merchant banks not to extend any form of credit facilities to these companies starting from January 5.
Companies listed in the Z category typically face restrictions due to factors such as failure to hold annual general meetings, non-declaration of dividends, or delays in submitting financial statements.
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