THE INFLUENCES OF MACRO-ECONOMIC FACTORS ON CAPITAL MARKET PERFARMANCE IN PAKISTAN-Reference-Cited by-同舟云学术

THE INFLUENCES OF MACRO-ECONOMIC FACTORS ON CAPITAL MARKET PERFARMANCE IN PAKISTAN

Published:2016-02-29 Issue:2 Volume:4 Page:139-150
ISSN:2350-0530
Container-title:International Journal of Research -GRANTHAALAYAH
language:
Short-container-title:Int. J. Res. Granthaalayah

Author:

Muhammad Abdul Kabeer,Iqbal Amir,Najaf Rabia,Najaf Khakan

Abstract

The key determination of the present research is to examine the impact of selected major variables on stock return of the Pakistani emerging capital market Karachi Stock Exchange. The researches display that capital market is inclined by transform in major economic variables. This study observes impact of three major economic variables i.e. foreign direct investment, foreign exchange rateand inflation at Karachi stock exchange. The monthly data of ten years practice in this study. To reach the objectives, study uses the Ordinary Least Square (OLS) to estimate the correlation and regression model. The Durbin-Watson statistics 1.90 value indication that there are no serial correlations issues in study.And results show that significant negative impact of inflation and Foreign exchange rate &foreign direct investment negative insignificant impact on KSE dependent variable. And overall model good fit by probability of F-statistics which less than 5%.

Publisher

Granthaalayah Publications and Printers

Subject

Ocean Engineering

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