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a PhD Scholar, School of Economics, Finance and Banking, Universiti Utara Malaysia Email: sasabir422@gmail.com.pk b Assistant Professor, Department of Management Sciences, The Islmia University of Bahawalpur, Pakistan Email: tasawar.javed@iub.edu.pk c School of Economics, Finance and Banking, Universiti Utara Malaysia Email: expert_waseem@yahoo.com d Assistant Professor, Department of Management Sciences, Superior University Lahore, Pakistan Email: humaira.yousaf@superior.edu.pk

Demographic Factors and Herding Behaviour of Investors: Moderating Role of Islamic Religiosity