Study was carried out to check the random behavior of the Karachi Stock Exchange (KSE 100 Index) during the period of past three financial years to know whether investors could generate abnormal profits during the period or otherwise. Tests used were Runs Test, ADF Test, PP Test and...

This study aims to explore the relationship between market integration, foreign portfolio equity holding and inflation rates on international stock market linkages between Pakistan and India. To measure stock equity interlinkage, we constructed international co-movement index through rolling...

The study examines the effect of macro-economic factors on downside systematic risk with moderating role of socio-political index. The Macro-economic factors cover keys aspect such as monetary policy, fiscal policy and international activities. The research used two proxies like terrorism and...