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Social and Behavioral Sciences Commons™
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Articles 1 - 3 of 3
Full-Text Articles in Social and Behavioral Sciences
Have We Missed The Rally?, Talib Haider
Have We Missed The Rally?, Talib Haider
Business Review
Capital Markets across the world have made many rich and many poor. Though the number of people losing money appears to be somewhat more, this notion simply becomes relative if one looks at it from stock investment perspective, where one loses one day and gains on another.
Why Is A New Index Needed?, Shama Ahmed
Why Is A New Index Needed?, Shama Ahmed
Business Review
Stock Market, Indices, Finance
Random Walk Tests For Kse-100 Index: Evidence And Implications, Abdul Rashid
Random Walk Tests For Kse-100 Index: Evidence And Implications, Abdul Rashid
Business Review
The variance-ratio tests are used to test the random walk hypothesis for Pakistan’s stock exchange. The evidence indicates that the stock prices generally do not follow random walk over the entire examined period. This piece of evidence is robust during the second sub-period. During the first sub-period, however, the stock prices do not behave non-randomly. The absence of a random walk is implying that profitable trading rules can be devised. The findings also show that the Karachi Stock Exchange falls back to normal after being dramatically affected by a shock.