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...

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...