The Impact of Political Activities on PSX: The Evidence from Pakistan

Sami Ur Rahman, Ihtesham Khan and Muhammad Faizan Malik
Additional contact information
Sami Ur Rahman: PhD Scholar, Abdul Wali Khan University Mardan, Mardan, KP, Pakistan.
Ihtesham Khan: Assistant Professor,Department of Management Sciences, Abdul Wali Khan University Mardan, Mardan, KP, Pakistan.
Muhammad Faizan Malik: Assistant Professor,Department of Management Sciences,Abdul Wali Khan University Mardan, Mardan, KP, Pakistan.

Global Economics Review, 2018, vol. 3, issue 2, 55-66

Abstract: The aim of this research study is to find the association between political events in Pakistan and Pakistans stock exchange. The study considered 10 most big political events in Pakistan in the duration of 2012 to 2017. To calculate the results, the study used moving average method for calculating expected and abnormal returns. Further, t-statistics is used to explore the relationship between political events and behavior of PSX (100). The study has explored in results that political events, on which investor believes some change in Government policies do have impact on PSX. Investors respond positively when government organizations look strong and free from political pressure. The study recommended that government should make strong their organization, rather than alter government policies frequently.

Keywords: PSX-100 index; T-statistics; Political Events; Event Study Methodology; Moving Average (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://gerjournal.com/jadmin/Auther/31rvIolA2LALJouq9hkR/ayJtMTedjY.pdf (application/pdf)
https://www.gerjournal.com/issue/The-Impact-of-Pol ... idence-from-Pakistan (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aaw:journl:v:3:y:2018:i:2:p:55-66

DOI: 10.31703/ger.2018(III-II).06

Access Statistics for this article

More articles in Global Economics Review from Humanity Only
Bibliographic data for series maintained by M Imran Khan ( this e-mail address is bad, please contact ).