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- Title
Impact of Macro-economic Variables on Share Price Behavior of Karachi Stock Exchange.
- Authors
Arshad Haroon, Muhammad; Jabeen, Hummera
- Abstract
This study has been conducted with a view to find out the relationship and impact of macroeconomic variables i.e. 3-Months, 6-Month and 12 Month Treasury Bill Rate (Proxy of Interest Rate), Consumer Price Index, Wholesale Price Index and Sensitive Price Index (Proxy for Inflation) with Karachi Stock Exchange-KSE 100 Share index. Monthly data has been collected from the period of July 2001 to June 2010. Coefficient of correlation and regression analysis have been used to test the hypothesis. The study examined the impact of inflation indices, interest rate (treasury bills), on KSE movement. The results showed that there was significant relationship between macroeconomic variables and KSE-100 Share index. The study further revealed significant impact of treasury bills on KSE-100 index.
- Subjects
MACROECONOMICS; TREASURY bills; VARIABLE interest rates; CONSUMER price indexes; PAKISTAN Stock Exchange Ltd.; PRICE inflation
- Publication
Pakistan Journal of Commerce & Social Sciences, 2013, Vol 7, Issue 3, p493
- ISSN
1997-8553
- Publication type
Article