Dhaka, May 19 -- Investors have given a 48-hour deadline for the resignation of Khondoker Rashed Maqsood, Chairman of the Bangladesh Securities and Exchange Commission (BSEC), blaming him for the prolonged slump in the capital market.

SM Iqbal, President of the Bangladesh Capital Market Investors Association (BCMIA), issued the ultimatum on Sunday during a protest and warned of intensified demonstrations if Maqsood does not step down within the stipulated time.

The protest, organized by the association, included a symbolic a coffin march and funeral prayer (janaza). The programme began at Shapla Chattar in Motijheel and ended in front of the old Dhaka Stock Exchange building.

Addressing the occasion, SM Iqbal said this is not the first...