ENGLISH-IMPACT OF ISLAMIC EVENTS ON PAKISTAN STOCK EXCHANGE (KSE-100) RETURNS
The intent of the study is to assess the impact of Islamic events on Pakistani Stock exchange returns. The study is assessing Islamic events i-e Moharram, Rabi ul Aawal event, 1stRamzan event, 1st Shiwal event and 10th Zil Hajj event respectively on market returns. For this, regression, correlation...
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| Main Authors: | , |
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| Format: | Article |
| Language: | Arabic |
| Published: |
Research Gateway Institute
2018-07-01
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| Series: | دی اسکالر |
| Subjects: | |
| Online Access: | http://siarj.com/index.php/Siarj/article/view/136 |
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| Summary: | The intent of the study is to assess the impact of Islamic events on Pakistani Stock exchange returns. The study is assessing Islamic events i-e Moharram, Rabi ul Aawal event, 1stRamzan event, 1st Shiwal event and 10th Zil Hajj event respectively on market returns. For this, regression, correlation and Jarque-Bera test are used. The results have concluded that Moharram, 10th Zil Hajj have negative impact while Rabi ul Awal, Ramazan start and first Shiwal has significant positive impact on stock returns as these are positive sentiment. The study is providing a valuable guideline for investors and decision makers in a way to control market practices and arbitrage roles to control such extremeness of key stakeholders during these events regarding market trading.
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| ISSN: | 2413-7480 2617-4308 |