Dhaka, Feb. 17 -- Bangladesh's stock market is facing a growing crisis, with almost one-third (29 per cent) of the listed companies now classified as "junk" or "Z-category" stocks.

Out of the 350 listed companies, 103 are currently in the Z category, signalling weak financial health and poor governance.

This classification aims to deter investors from engaging with these stocks, but the rapid rise in their numbers is causing serious concern within the financial community.

According to the Dhaka Stock Exchange (DSE), the number of Z-category companies has surpassed 100.

Notably, Global Islamic Bank, which was listed in 2022, was downgraded to the Z category in less than three years due to poor performance.

Additionally, companies like...