IMPACT OF INVESTOR SENTIMENTS ON FUTURE TRADING

Basheer Ahmad (), Usman Ali Warraich () and Sidra Saeed ()
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Basheer Ahmad: Iqra University, Karachi
Usman Ali Warraich: Indus University, Karachi
Sidra Saeed: SZABIST, Karachi

IBT Journal of Business Studies (JBS), 2014, vol. 10, issue 2, 16-32

Abstract: Purpose This study bridges the gap between future trading prospects and information required to mold investors’ sentiments so s/he could devise better future trading strategies.Methodology/Sampling This study takes all companies which trade the futures on the KSE.This study used the monthly data of the futures trading, stock return, stock turnover, highlow ratio and the realized volatility.The data is taken from January 2008 to December 2012 to test investor sentiments impact on future trading.Companies’ data is retrieved from the official website of KSE.The thirtyeight companies’ data is used in this study.Findings The contrivance of future trading relationship with the investor sentiments is appraised in this study.The main difference between this and the previous discourse is that we construct the futures trading model that employ the investor sentiments.Practical Implications The verdict of this study holds the important useful implications particularly as consideration of investor sentiments in the presence of the futures trading in Pakistan.

Keywords: Volatility; Stock turnover; Investor Sentiments (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:aib:ibtjbs:v:10:y:2014:i:2:p:16-32

DOI: 10.46745/ilma.ibtjbs.2014.102.2

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