Investors of the Dhaka Stock Exchange (DSE) have called for the resignation of Bangladesh Securities and Exchange Commission (BSEC) Chairman Khondoker Rashed Maqsood, citing his inability to manage the volatile stock market.
The demands came after share prices of various companies plummeted, prompting widespread frustration among investors. Many blamed the BSEC chairman for failing to provide necessary support to institutional investors, which they claim has led to market instability.
Protesters demanded a task force, like the one formed for the banking sector, to investigate the irregularities. They rallied outside the old DSE building in Motijheel on Thursday morning, UNB reports.
Protestors marched from Motijheel to Agargaon, eventually staging a sit-in outside the BSEC headquarters, reiterating their demand for Maqsood’s resignation.
On Wednesday, at around 4:30 pm, investors from various organizations gathered outside the Investment Corporation of Bangladesh (ICB) and announced the ‘Long March’ to pressure the regulatory body.
Earlier that day, members of the Bangladesh Capital Market Investors Oikya Parishad had formed a human chain in front of the old DSE building, underscoring the growing frustration with the market regulator.
