Husain, Fazal (2000): The Day of the Week Effect in the Pakistani Equity Market: An Investigation. Published in: Lahore Journal of Economics , Vol. 5, No. 1 (2000): pp. 93-97.
Download (42kB) | Preview
This paper investigates the day of the week effect in the Pakistani equity market. Using daily data on eight sector indices as well as the general market index from January 1989 to December 1993, the analysis did not find, in general, significant differences in stock returns across trading days in the market. An overtime analysis indicates the presence of this anomaly in the period before the market was opened to international investors which disappeared in the later periods.
|Item Type:||MPRA Paper|
|Institution:||Pakistan Institute of Development Economics|
|Original Title:||The Day of the Week Effect in the Pakistani Equity Market: An Investigation|
|Keywords:||Day Effect; Pakistan; Seasonality; Equity Market; Efficiency|
|Subjects:||G - Financial Economics > G1 - General Financial Markets > G10 - General
G - Financial Economics > G1 - General Financial Markets > G14 - Information and Market Efficiency ; Event Studies ; Insider Trading
|Depositing User:||Fazal Husain|
|Date Deposited:||11. Oct 2007|
|Last Modified:||16. May 2015 17:21|