ISSN: 1998 - 4162
JISR MSSE Journal Contents
Volume 7, Number 2, July 2009
Stock Market Efficiency: Evidence from Pakistan
Azam Ali - SZABIST,Karachi, Karachi, Pakistan
Dr. Omar Farooq Saqib - State Bank of Pakistani, Karachi, Pakistan
Abstract
Stock traders and potential and smart investors closely watch track-record of all listed
companies on stock exchanges to make sure if future rate of return could be predicted on
the basis of past data. To help the investors predict future rate of return, we analyzed
the stock market’s efficiency using ARMA and GARCH models. This study focused on the weak
form efficiency of stock markets with the intention that if it is verified only then strong
forms can be tested..
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