This action might not be possible to undo. Are you sure you want to continue? BROWSE BY CONTENT TYPE Books. Upload Sign in Join Options. Join Sign In Upload. Determints of Stock Market Performance in Pakistan Uploaded by Ghulam Mustafa Sial.

Share or Embed Document. Stock market performance, economic and political condition of a country is interrelated and has been an important debating issue.

Many studies directly or indirectly have been dealing with the macr Many studies directly or indirectly have been dealing with the macro and institutional factors and their correlation with the stock market performance at both theoretical and empirical levels.

Keeping in mind the Pakistani perspective, many studies cannot be traced into literature. Therefore, macro-economic determinants of stock market performance in Pakistan can be examined using a time series data for the period - We take only macroeconomic determinants due to unavailability of accurate information on institutional variables.

Whereas, institutional variables are reflected in macroeconomic factors, such as, investment and trading rules are highly correlated with stock market liquidity and can be measured through Value Traded, while, stock market liquidity is one of the determinants used for this research. The set of macro- economic determinants are; foreign direct investment as percentage of GDP, real interest rate, domestic credit provided by banking sector and value traded as percentage of GDP, whereas stock market performance is measured by market capitalization as percentage of GDP.

Data is analyzed in a quantitatively through regression analysis in E-views. Hypothesis testing is used to measure the significance of the study. The paper highlights the findings, that foreign direct investment and value traded have positive impact on stock market performance. It also highlights that there is a negative relationship between real interest rate and stock market performance, whereas the banking sector development has no significant impact on stock market performance.

Many researchers like Demirguc-Kunt and Levine a , Singh , and Levine and Zervos found in their research that stock market development plays an important role in economic growth. The World Bank Economic Review also contributes in its May issue to the role of the stock markets in economic growth. In Pakistan stock markets performance is also affected by legal, economic and political factors. KSE was established in 18th September, , just two months after Pakistan became an independent state.

The other exchanges in Pakistan, the Lahore Stock Exchange LSE and the Islamabad Stock Exchange ISE , were established in and respectively. Stock market performance, economical and political condition of a country is interrelated and has been a significant debating issue. Many studies directly or indirectly have been dealing with the macroeconomic and institutional factors and their correlation with the stock market performance at both theoretical and empirical levels.

Demirguc-Kunt and Levine have found that in developed countries stock market performance is highly correlated with financial intermediary performance. We intend to investigate positive relationship between financial intermediary performance and stock market performance.

Flag for inappropriate content. Recommended Documents Documents Similar To Determints of Stock Market Performance in Pakistan.

Documents About Stock Market. IceCap Asset Management Limited Global Markets PCM-A G U T of Market Manipulation. Economics Education and Unlearning.

Recommended Documents Documents Similar To Determints of Stock Market Performance in Pakistan Skip carousel. Government Gives FMC Power to Ensure NSEL Settles Dues. Lincoln Anderson Commentary October 27, Tips for Investing in Bonus. Weekly Equity Newsletter Financial Advisory Company NSE BSE Intraday Tips MCX NCDEX Tips Free Stock Tips. Ownership Changes in Transition Economies.

Interview with a stock broker. Present Capital Market Crisis and Its Recovering Strategies. Mcx Tips, Commodity Tips For FREE, 24 Fab [THE EQUICOM DEMO CALL: Great Profits Can Be Made From Forex and Stocks and Shares.

Free Stock Tips Stock Advisory Commodity Tips MCX Tips Intraday Tips NSE BSE Tips MCX NCDEX Tips.

Documents About Stock Market Skip carousel. Century Management-Value Investing In A World Of Quantitative Easing.

A Comparison of Forecasting Models for ASEAN Equity Markets.

Determinants of Stock Market Performance in Pakistan

Sententia Capital LONG ACHI. Fomc Beige Beige Book details cause stock market key reversals. Semi Month Effect in Indian Health Care Sector with Reference Bse Health Care Index. Stock Market Resiliency and Vulnerability. The Dow is no longer overbought on its daily chart. New Monthly Risky Levels Stretch Upside Potential. Documents About Macroeconomics Skip carousel.

First Quarter GTAA Macro. Raoul Pal GMI July Monthly. The Case Against the AUD.

NIFA Wage Freeze Proposal Feb. Modelling the Impact of Trade Liberalisation. Business Regulation and Economic Performance. UT Dallas Syllabus for econ You're Reading a Free Preview Pages 2 to 10 are not shown in this preview. Buy the Full Version. About About Scribd Press Our blog Join our team! Contact Us Join today Invite Friends Gifts.

Macroeconomic determinants of stock market capitalization in an emerging market: fresh evidence from cointegration with unknown structural breaks: Macroeconomics and Finance in Emerging Market Economies: Vol 9, No 1

Legal Terms Privacy Copyright. Sign up to vote on this title. You're Reading a Free Preview Download. Close Dialog Are you sure? Also remove everything in this list from your library. Are you sure you want to delete this list?

Remove them from Saved? Join the membership for readers Get monthly access to books, audiobooks, documents, and more Read Free for 30 Days.

Discover new books Read everywhere Build your digital reading lists. Close Dialog Get the full title to continue.