Impact of Macroeconomics variable on the Stock Market index; A Study From Pakistan

Autor: Muhammad Arif Javed, Mariam Riaz, Sania Batool, Qandeel Sheikh, Nimra Shahzad, Waseem Ahmad Khan, Samina Saddique
Rok vydání: 2014
Předmět:
Zdroj: International Journal of Accounting and Financial Reporting. 1:258
ISSN: 2162-3082
Popis: The focal point of this research article is to examine the possible impact of macroeconomic variable like fiscal policies and monetary policies (interest rate) and inflation rates on stock market performance in Pakistan. The Pearson correlation and regression analysis techniques were applied. For this purpose monthly data have been used. The paper finds that the Pakistan stock market index is significantly affected by the fiscal policy, monetary policy and inflation. The results have shown that the interest rate and government revenue have a significant negative relationship with the stock market index in Pakistan, whereas the inflation rate and the government expenditures have a significant positive relationship with the stock market Index in Pakistan.
Databáze: OpenAIRE