The purpose of this empirical study is to identify the Volatility Spillover Effects across Emerging Equity Markets of Pakistan, India, China and Bangladesh for the period of Jan 2000 to Dec 2015 on daily data basis. Historical volatility Granger Causality, Spillover Effect model, Multivariate...

The purpose of this study is to analyze the dividend policy dynamics in context to firm specific and macroeconomic variables with stock price volatility in the financial sector of Pakistan. Panel data is used for the period 2006-2014 to identify the common, fixed, random and GMM effect. It is...

This study investigates the presence of the MAX effect – stocks with extreme daily (positive) return in the current month perform poorly in the following month – in the Pakistani stock market (PSX). Similar to the US, Europe, and Chinese stock markets, we find a negative effect of MAX on...

This study investigates the presence of the MAX effect – stocks with extreme daily (positive) return in the current month perform poorly in the following month – in the Pakistani stock market (PSX). Similar to the US, Europe, and Chinese stock markets, we find a negative effect of MAX on...

Equity markets are the reflection of macro-economic policies of the state is generally considered as a controversial hypothesis. Therefore it is required to explore the relationship among economic variables and equity prices in context to Pakistan economy. This study comprised on monthly data...

Volatility modeling remained a fabulous concept in the field of financial economics and this concept is dynamic due to time varying phenomenon. The purpose of this study is to identify the information asymmetry perspective of volatility modeling by considering the market conditions asymmetries...

Day of the week effect study is focused as a stock market anomaly on the equity market practices in Pakistan. The modus-operandi applicable in this research consists of daily stock prices concerned to KSE-100 Index, for the period January 2006 to December 2010. The working week for trade matters...