Iqbal, Javed (2008): Stock Market in Pakistan: An Overview.
Preview |
PDF
MPRA_paper_11868.pdf Download (150kB) | Preview |
Abstract
This paper reviews the main features of the Stock market in Pakistan focussing on post-liberalization period. The aspects of the market investigated include liberalization of the market, integration the market with the world markets, trading and settlement mechanism, and corporate governance issues. Finally salient features of the market are compared to a selected set of emerging and developed markets. Pakistan’s stock market is smaller in size but is significantly more active than the markets of this size. In recent years the market has provided very high returns to investors. In 2002 the market was declared as the best performing stock market globally.
Item Type: | MPRA Paper |
---|---|
Original Title: | Stock Market in Pakistan: An Overview |
English Title: | Stock Market in Pakistan: An Overview |
Language: | English |
Keywords: | Stock Market, Pakistan |
Subjects: | G - Financial Economics > G1 - General Financial Markets > G10 - General |
Item ID: | 11868 |
Depositing User: | Javed Iqbal |
Date Deposited: | 04 Dec 2008 06:14 |
Last Modified: | 26 Sep 2019 19:45 |
References: | Bekaert, G., and C. R. Harvey (1997), 'Emerging Equity Market Liberalization', Journal of Financial Economics 43: 29-77. Bekaert, G., and C. R. Harvey (2002), 'Research in Emerging Markets Finance: Looking to the Future', Emerging Markets Review 3: 429–448. Bekaert, G., C. R. Harvey, and C. T. Lundblad (2003), 'Equity Market Liberalization in Emerging Markets', Journal of Financial Research 26: 275-299. Berkman, H., and Eleswarapu (1998), 'Short-Term Traders and Liquidity: A Test Using Bombay Stock Exchange Data', Journal of Financial Economics 47: 339-355. Darrat, A. F., and M. Zhong (2002), 'Permanent and Transitory Driving Forces in the Asian-Pacific Stock Markets', The Financial Review 37: 35-52. Demirguc-Kent, A., and R. Levine (1996), 'Stock Market Development and Financial Intermediaries: Stylized Facts', World Bank Economic Review 10: 291-321. Eleswarapu, V., and C. Krishnamurti (1995), 'Do Speculative Traders Increase Stock Price Volatility? Empirical Evidence from the Bombay Stock Exchange', EconWPA, Finance Series 9507006. Global (2004), 'Global Stock Markets Factbook’, Standard & Poor's, New York. Global (2007), 'Global Stock Markets Factbook’, Standard & Poor's , New York. Hamid, H. H., and V. Kozhich (2006), 'Corporate Governess in an Emerging Market: A Perspective on Pakistan', Journal of Legal Technology Risk Management 1: 22-33. Harvey, C. R. (1995), 'Predictable Risk and Returns in Emerging Markets', Review of Financial Studies 8: 773-816. Henry, P. B. (2000), 'Stock Market Liberalization, Economic Reform and Emerging Market Equity Prices', Journal of Finance 55: 529-564. Hussain, F., and R. Saidi (2000), 'The Integration of the Pakistani Equity Market with International Equity Markets: An Investigations', Journal of International Development 12: 207-218. International Monetary Fund (2004), 'Pakistan: Financial System Stability Assessment – Country Report No. 04/215', Washington D.C. Investor Guide (2008), 'Investor Guide, Security and Exchange Commission of Pakistan'. Kim, E. H., and V. Singal (2000), 'Stock Market Openings: Experience of Emerging Economies ', Journal of Business 73: 25-66. Korajczyk (1996), 'A Measure of Stock Market Integration for Developed and Emerging Markets', World Bank Economic Review 10: 267-289. Lamba, A. (2003), 'An Analysis of the Dynamic Relationships between South Asian and Developed Equity Markets', Working Paper National Stock Exchange of India Research Series. Naeem, M. (2002), 'Stock Market Linkages: Evidence from South Asia', Proceeding of Southeast Asian and South Asian Meetings of the Econometric Soceity, Lahore Pakistan. Government of Pakistan (2007), ‘Pakistan Economic Survey’ Ministry of Finance, Islamabad. Shah, A. (1995), 'The Impact of Speculation Upon Volatility and Market Efficiency: The Badla Experience on the Bse, ' Technical Report, Center for Monitoring Indian Economy, Bombay. Siddiqi, H. (2008), 'Information Transmission in Emerging Markets: The Case of a Unique Financing Instrument', MPRA Working paper. Smith, R. C., and I. Walter (Editors). 1998. Rethinking Emerging Market Equities. Emerging Market Capital Flows. Kluwer Academic Publisher, Boston. Uppal, J. (1998), 'Stock Return Volatility in an Emerging Stock Market: A Case Study of the Karachi Stock Exchange', Managerial Finance 24: 34-51. World Bank (2005), ‘Corporate Governance Country Assessment for Pakistan’ Report on the Observance of Standards and Codes (ROSC), The World Bank, Washington D.C. |
URI: | https://mpra.ub.uni-muenchen.de/id/eprint/11868 |