Impact of Interest Rate on Stock Price, Analysis of Stock Movement of Fauji Fertilizer and Engro Corporation Limited: Evidence From Pakistan Stock Exchange

Muhammad Ibrahim Tiwano, Feroz Khan Laghari, Muhammad Fahad, Shahzaib Akram and Laraib Zaman
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Muhammad Ibrahim Tiwano: MBA Scholar, Institute of Business Administration, University of Sindh, Jamshoro, Sindh 76080, Pakistan
Feroz Khan Laghari: MBA Scholar, Institute of Business Administration, University of Sindh, Jamshoro, Sindh 76080, Pakistan
Muhammad Fahad: MS Finance Scholar, Institute of Business Management Sciences, University of Agriculture, Faisalabad, Pakistan
Shahzaib Akram: MBA Scholar, Institute of Business Management Sciences, University of Agriculture, Faisalabad, Pakistan
Laraib Zaman: MS Finance Scholar, Institute of Business Management Sciences, University of Agriculture, Faisalabad, Pakistan

Bulletin of Business and Economics (BBE), 2024, vol. 13, issue 1, 202-208

Abstract: The objective of this study is to evaluate the impact of interest rate on Pakistani stock market price. Take a teen year ending data from 2009 to 2018 of two companies which is listed in Pakistan stock market (PSX) Fauji fertilizer and Engro Corporation limited. MATLAB tool is used for analysis the secondary data of interest rate and both companies stock price. Study uses the correlation and linear regression approaches in order to evaluate the impact of interest rate on stock price of both companies, the result shows the link between interest rates and stocks is favorable. As the interest rate is increase or decrease the stock price of both companies are increase or decrease.

Keywords: Interest rate; Stock price; Pakistan Stock exchange; Fauji fertilizer and Engro Corporation (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:rfh:bbejor:v:13:y:2024:i:1:p:202-208

DOI: 10.61506/01.00189

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