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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DISCLAIMER: All views expressed in the journal are those of the authors and not necessarily reflect the policies or preferences of JISR-MSSE or SZABIST.