ISSN: 1998 - 4162

JISR MSSE Journal Contents

Volume 7, Number 2, July 2009

Seasonality at the Karachi Stock Exchange
Syed Irfan Ahmed - Pak Kuwait Investment Company (PKIC) , Karachi, Pakistan
Dr. S. M. Husnain Bokhari - State Bank , Karachi, Pakistan

Generally, calendar effects takes place when the returns of financial assets exhibit particular characteristics over specific days, weeks, months or even years. This research report uses dummy variables with multiple linear regressions to identify the existence of various effects. Which include month-of-the year effect or January effect, turn-of-the-year effect, summer effect, month-of-the quarter effect...


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