An analytical study of relationship of Macroeconomic Indicators on movement of KSE(Karachi stock exchange) prices

Jahanzaib Haider

Journal of Global Economy, 2013, vol. 9, issue 1, 42-52

Abstract: This study aims to find relationship between stock price movement and macroeconomic indicators. Different indicators like interest rate, inflation rate, capital gain tax, money supply and GDP has been used in the research. The objective is to find how stock market behaves with change in these macroeconomic indicators. Whether there is any positive or negative relation between these macroeconomic indicators and stock price movement. This research could also be useful for the investors they can use the information to predict the stock price movement. In this study Pearson correlation as correlation between two variables has been used that reflects the level by which the variables has relation. In co-relation non parametric test has been used to prove study. Level of significance is 5% in this research

Keywords: Stock prices; Shares; Micro economic Indicators; Stock Exchange; Financial Institutes (search for similar items in EconPapers)
JEL-codes: G1 G2 (search for similar items in EconPapers)
Date: 2013
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