Is the Karachi Stock Exchange Efficient? : Empirical testing of Existence of Moharram Effect on Cement Sector of Pakistan

Imran Bashir Shaikh

ISBN 10: 3659829838 / ISBN 13: 9783659829833

Editore: LAP LAMBERT Academic Publishing, 2018

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nach der Bestellung gedruckt Neuware - Printed after ordering - This study notices the Karachi Stock Exchange efficiency by investigating one of the calendar anomaly the 'Moharram Effect' on 10 listed companies of Cement sector by using Event Study. We measured the data of market index and stock prices from 2000 to 2013. This study has collectively insignificant effect of Moharram on the stock returns of selected companies of Cement Sector. However individual years have shown some positive and negative significance of abnormal returns which negates the theory of Efficient Market. Codice articolo 9783659829833

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Titolo: Is the Karachi Stock Exchange Efficient? : ...

Casa editrice: LAP LAMBERT Academic Publishing

Data di pubblicazione: 2018

Legatura: Taschenbuch

Condizione: Neu

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Riassunto:

This study notices the Karachi Stock Exchange efficiency by investigating one of the calendar anomaly the "Moharram Effect" on 10 listed companies of Cement sector by using Event Study. We measured the data of market index and stock prices from 2000 to 2013. This study has collectively insignificant effect of Moharram on the stock returns of selected companies of Cement Sector. However individual years have shown some positive and negative significance of abnormal returns which negates the theory of Efficient Market.