Demutualization and Stock Market Performance: A Comparative Analysis of Karachi Stock Exchange (KSE).

Autor: Ihsan, Anjum, Nadeem, Aamir, Afeef, Mustafa, Haider, Maqsood
Předmět:
Zdroj: Journal of Managerial Sciences; Jul-Dec2018, Vol. 12 Issue 2, p62-77, 16p
Abstrakt: This study aims to compare the stock market performance of Karachi Stock Exchange (KSE) in terms of daily stock returns of KSE 100 Index, trading volume, market capitalization and traded value. For this purpose, correlation analysis and paired samples t-test were used to analyze the secondary stock market data. The results indicated an insignificant increase in stock returns with a significant increase in trading volume and traded value in the post demutualization period. There also was a significant decrease in market capitalization. Overall, the results are in line with other studies except for market capitalization. This calls for further researches for better investigation and understanding of this specific variable and its implications. Apart from market capitalization, however, this study highlights improvement after demutualization of KSE considering the selected variables. [ABSTRACT FROM AUTHOR]
Databáze: Complementary Index