Abstract this paper empirically tests the existence and direction of causality between stock market index (kse) and exchange rates in the post-floating exchange rate regime and vibrant stock market performance of pakistan. The effects of inflation on the stock market performance greatly influences the prices of financial assets which are essentially determined by the net earnings of a corporation, and are thence directly proportional to the performance of the company. Investigating day-of-the-week effect in stock returns: evidence from karachi stock exchange - pakistan muhammad arshad haroon karachi stock exchange is known as the premiere and the most liquid stock exchange of pakistan with over 592 companies listed (divided into 33 different sectors) market of pakistan is as follows: khilji (1994. This paper uses daily data and time series method to explore the impacts of fluctuations in crude oil price, gold price, and exchange rates of the us dollar vs various currencies on the stock. Impact of interest rate on stock price pakistan, karachi stock exchange (kse) was founded in karachi in order to provide hub for trading activities in financial capital of pakistan (bloomberg.
The bridge between the exchange rate and the asset market equilibrium is the interest parity condition according to krugman and obstfeld, (1997, chapt 16): r = r∗ + (e e − e)/e, where r and r∗ are interest rates of domestic and foreign currencies and e and e e denote exchange rate and expected future exchange rate respectively for asset. This study examines dynamic linkages between exchange rates and stock prices for seven east asian countries, including hong kong, japan, korea, malaysia, singapore, taiwan, and thailand, for the period january 1988 to october 1998. And exchange rate on stock market performance: evidence from zambia (conference id: cfp/148/2017) namely interest rate and exchange rate on the stock market performance the international journal of multi-disciplinary research their impact on stock market performance and also different time periods (either yearly or monthly). Exchange rate volatility in pakistan 1,2tariq mahmood ali, began about the impact of exchange rate volatility on to its historic lowest level of 113 against the us dollar exchange rates in asean countries excluding thailand external factors is the stock prices exchange rate is not.
The paper investigates the effects of interest rates on stock market performance by using monthly time series data for the economy of bangladesh over the period of 1991 to 2012 a wide range of econometric techniques have. Data: data of exchange rate and karachi stock index value on daily basis from 2007 to 2010 were obtained from state bank of pakistan website, whereas dummy variable of terrorist attacks was created by assigning 1 if terrorist. Impact of risk free rate on stock retuns evident from karachi stock exchange pakistan abstract the current study looked at the relationship between risk free rate and stock market return a five year monthly basis time series data from 2003-2007 of t-bills and kse-100 index were taken for research study.
This study intends to explore the impact of monetary policy on the performance of stock market from the perspective of a developing country-namely bangladesh the issue of monetary policy has been a subject of debate among several financial economists since a long time monetary policy is basically. Abstract this paper investigates the impact of inflation, nominal exchange rate, fdi and capital stock on economic growth of pakistan by using time series data for the period of 1975-2011. Weighted average interest rate on bank deposit, and exchange rate changes on aspi stock market return from january 1983 to december 2006 in bangladesh it is applied the johansen-juselius procedure and the.
Impact of islamic events on stock market: evidence from karachi stock exchange of pakistan american journal of service science and management vol 2, no 6, 2015, pp 63-66 this study sets out to explore this impact in karachi stock exchange of pakistan specifically, it investigates how. Impact of monetary policy on stock price: evidence from bangladesh afrin rifat the part of stock market to surprise monetary policy changes  afterwards, bredin et al  and gregoriou et al  study found a negative relationship between that stock price index and exchange rates another study has been conducted by using the. This research paper is an endeavor to empirically investigate the economic effects of interest rates and exchange rates on stock market capitalization by considering annual data for pakistan covering the 1990-2017 periods. Abstract this study investigated the impact of foreign exchange reserves on stock market growth in ghana by employing monthly data for the period of december 2001 to december, 2015 using a multivariate framework that integrated interest rate variable in the modelling. On stock market development exchange rate and gross domestic savings exert positive and statistically significant impact on stock market development, while inflation rate has insignificant negative influence on role of fdi in the stock market development of pakistan savings also show a positive influence on stock market development.
This paper will analyze the effects of interest rate on stock market of pakistan for this purpose, quantitative research method is used based on the data from 2004 to 2013 on monthly basis impact of interest rate on stock market evidence from pakistani market it is more uncertain for a country‟s stock market to have a high interest. This research paper is an endeavor to empirically investigate the economic effects of interest rates and exchange rates on stock market capitalization by considering annual data for pakistan covering the 1990-2017 periods the main intention of this research is to analyze the short-run together with. Overall results showed that interest rate and exchange rate effects common in banking sector and financial services but in insurance sector interest rate and exchange rate has limited effect examines the association between stock prices and exchange rates in mexico by using weekly data starting from the first week of january 1989 in the.
Factors affecting performance of stock market: evidence from south asian countries dr aurangzeb hod, business administration, dadabhoy institute of higher education, pakistan largest and oldest capital market of pakistan which was founded in independence year kse is foreign exchange rate have the impact on one capital market gross. The findings of the study revealed interest rates, exchange rates, copper and oil price jointly have the long and short run impact on the lusaka stock market, but individually, only interest rates and copper prices had a significant long term impact on the stock market, but in the short run only copper and exchange rates had an immediate impact. A conclusion reached in the study was macroeconomic variables such as unemployment rate, exchange rate, and the short-term interest rates inversely impact on stock market prices.
Impact of interest rate on stock market evidence from pakistani market hamdan ali (mba (c) - finance) foundation university islamabad (pakistan) analysis is stock market of pakistan this paper will analyze the effects of interest rate on stock market of pakistan were interest rate, exchange rate and stock market but he concluded the. The impact of macro-economic variables on stock market performance evidence from sri lanka 1hmnijam, 2smm and foreign exchange rate have an impact on one capital market it was also found that gross domestic pakistan, india and sri lanka using the data from the. Impact of exports, imports and stock exchange performance on gdp of pakistan chapter no 1 introduction 11 background the stock market plays an important role in the economy by mobilizing domestic resources and channeling them to productive investment. Impact of foreign exchange rate on stock prices maheen1 jamil , 2mr naeem ullah 1 analyze the impact of usd to pkr exchange rate on the stock return market in pakistan the stock market seek to study the short term return patterns of the stock in order to give evidence on the subtle market.