Thoughts on some aspects of islam/ Bhutto

viii, 82 hal.; 21 cm

Firefighters' view on Improving Fire Emergency Response: A Case Study of Rawalpindi

Abstrac

Application Of Simple And Dimson Market Models: The Case Of The Karachi Stock Exchange

ABSTRACT Karachi Stock Exchange is one of the emerging stock markets of Asia. Unlike the developed equity markets, the emerging markets have thin trading, market overreaction, highly market volatility and lead or lag structure, which are the main reasons of the several forms of model misspecification. The current study investigates whether or not Dimson market model explains better stock behavior rather than the simple market model from the investor's point of view. Both the models are employed on the monthly data of all the sectors which are listed in KSE by using OLS and GARCH-M estimation methods for analysis. The paper concludes that simple market model is more acceptable model in many sectors of KSE than Dimson market model. The limitation of the study is that how large data is used and either all sectors or some specific sectors be taken into consideration for estimation. The future research should consider the KSE-30 and KSE-100 listed firms for estimation along with the increase in the time period