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Random Walk in Pakistani Stock Markets by mansoor_uos is a document available to read on EtoBox.
This document summarizes a study that analyzes the random walk hypothesis in Pakistani stock markets. The study uses four tests - the Augmented Dickey-Fuller test, Ljung-Box Q test, variance ratio test, and run test - to analyze random walk patterns in the Karachi Stock Exchange, Lahore Stock Exchange, and Islamabad Stock Exchange. The results indicate some predictable elements in the Karachi and Islamabad stock exchanges, contradicting previous studies, but the Lahore stock exchange showed a strong random
- Author
- mansoor_uos
- Language
- EN