Financial Analysis of Industrial Portfolios in Pakistan: A Comparative Analysis of Pre 9/11 and Post 9/11Period

Chang, Bisharat (2014): Financial Analysis of Industrial Portfolios in Pakistan: A Comparative Analysis of Pre 9/11 and Post 9/11Period.

Abstract

This study is intended to measure and compare the Pakistani industries performance as well to measure the impact of September 11, 2001 terrorist attack on Pakistani industries. The performance measures such as Sharpe ratio (1966), Treynor ratio (1965), Idiosyncratic risk, market risk, beta and Jensen’s alpha have been used as a tool for financial analysis of industries as well to measure the response of these industries to 9/11 event. Results indicate insurance industry as the best performing industry; Food Beverages and Tobacco and Sugar as second best performing industry; and Household/Personal Goods Paper and Board as third best performing industry, whereas, Textile and related; Telecommunication and Travel and Leisure; and other financials are found worst performing industries. The results also indicate that 9/11 event have significant and positive impact on Pakistani firms.

• Item Type: MPRA Paper
• Language: English
• Keywords: Pakistani Industries, 9/11 terrorist attack, Treynor ratio, Sharpe ratio, idiosyncratic risk, performance measures
• Subjects: G - Financial Economics > G1 - General Financial Markets; G - Financial Economics > G1 - General Financial Markets > G11 - Portfolio Choice ; Investment Decisions

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