Relationship Between Trading Volume And Stock Exchange Performance: A Case From Karachi Stock Exchange

Over the past fifty years, much work has been done trying to understand the relationship between volume and price changes of individual stocks. In this article, we attempt to introduce and discuss some of these articles and take inference for relationship of traded volume and aggregate stock exchange index performance. This article presents an empirical analysis of the relationship between trading volume and performance of stock exchange index on a given day in the Pakistani market. Just like individual stocks, the relationship between changes in KSE 100 index and trading volume, irrespective of the direction of the index change, is significantly positive across all three alternative measures of daily trading volume (the daily number of shares traded; the daily total monetary value of shares traded; the daily number of equity trades)

Do Islamic banks financially perform better than conventional banks?: a comparative study of Pakistani banks

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Elucidating the Impact of behavioral biases in Pakistan Stock Market: Moderating Impact of Financial Literacy

The current study focuses on some of the most commonly relied upon biases in decision making. The study aimed at understanding the influence of herding, overconfidence, anchoring, and loss aversion on the decision-making style of investor besides it also investigates the role of financial literacy, since the traditional paradigm of finance is of the view that the knowledge of finance is directly associated with the degree of irrational outcomes. To explore this linkage data from investors trading at Lahore, Karachi, and Islamabad is gathered. Structural equation modeling is used for establishing the proposed associations. The results revealed that behavioral biases significantly impact the decision-making of investors.  The results of moderation analysis presented that financial literacy plays a major role in de-biasing decision making. These findings can be extremely useful for investors, policymakers, and investment professionals. Not only to make optimal decision-making but also by providing a deeper understanding of the daily life stock market behavior

Perception of SME Management Regarding Islamic Banking: A Users vs. Non-users Comparative Analysis

Small and medium enterprises (SMEs) are playing a vital role in the Pakistani economy but they are facing a major constraint of lack of finance. The financial instruments being offered by Islamic banks can better meet the financial needs of SMEs but investment in Pakistani SMEs sector is not very high. The current study investigates the difference in perceptions among users and non-users of Islamic banking instruments in Pakistani SMEs sector. This is a primary data based study and its sample size comprises of 110 entrepreneurs of SMEs in the twin cities of Pakistan i.e. Rawalpindi and Islamabad. The study has used independent sample t-test for comparing the difference in the mean values of users and non-users of the Islamic banking products to test the hypotheses of the study. The results of the study show that there is a significant difference in perception among SMEs regarding Shariah compliance by Islamic banks, service quality, business development service and level of awareness regarding Islamic banking instruments due to which Islamic banking is not commonly used by Pakistani’s SMEs. This study is helpful to the top management of Islamic banks to devise strategies to clarify the misperception of non-users SMEs management regarding Islamic banking products

The nexus of E-government and increased productivity relative to income level comparison

Purpose – this study aims to determine the influence of E-government on productivity in the case of different countries comparing by income level. Research methodology – static (fixed and random) and dynamic (GMM) panel regression. Findings – a disaggregated analysis reveals that middle-income countries are driving global productivity growth by implementing ICTs infrastructure in the public sector. Research limitations – this study focuses on severe developed and developing economies, whereas each country may not benefit from E-government implementation as gains might be offset with the enormous costs of implementation. Practical implications – the government may rely more on online services in the provision of its responsibilities because it enhances the efficiency of public sectors. Originality/Value – the study is a novel measure of E-government that covers additional multiple dimensions

Aromatic Plants: use and nutraceutical properties

In the last years it has progressively been observed a substantial increase in the use of aromatic herbs and essential oils. Mediterranean area represents a particular environment in which many constraint factors (high light, temperature, drought, salinity, air pollution, etc.) induce a wide range of secondary metabolites in plants. These compounds can be useful utilized by humans for different applications: antibiotics, antimycotic, animal nutrition, cosmetics, food additives, biorepellents, etc. This paper reviews the literature on recent agro-industrial applications of Mediterranean plant species and medicinal plants used for the treatment of infectious diseases. The review includes accounts of extracts, essential oils and other active principles isolated from plants that have been used by folk medicine as antimicrobial agents. The name and part of the studied plants, spectrum of activity, type of active compounds and methods used are discussed and their mechanisms of action as well