The categories of two companies listed on the capital market have been upgraded. The Dhaka Stock Exchange (DSE) has upgraded the two companies from Z category to ‘A’ and ‘B’ categories after they completed the distribution of the declared dividends of the financial year to investors.

The two companies are – Quasem Industries and Aramit Limited.

This information has been revealed by Dhaka Stock Exchange (DSE) sources.

According to the source, Quasem Industries has been upgraded to ‘B’ category with a cash dividend of 1.50 percent for the period ending June 30, 2024. And Aramit Limited has returned to ‘A’ category with a cash dividend of 20 percent for the period ending June 30, 2024.

The companies will trade in ‘A’ and ‘B’ categories from tomorrow, Monday (March 17).

However, due to the category change, the DSE has prohibited brokerage houses and merchant banks from providing credit facilities to the two companies within the next 7 working days.