Open AccessCo-integration of Karachi Stock Exchange with major South Asian Stock Exchanges
Author(s) -
Salleh Nawaz Khan,
Mohamad Saad Aslam
Publication year - 2014
Publication title -
international journal of accounting and financial reporting
Language(s) - English
Resource type - Journals
ISSN - 2162-3082
DOI - 10.5296/ijafr.v4i1.5454
Subject(s) - stock exchange , stock market , stock (firearms) , stock market bubble , stock market index , business , china , financial system , geography , finance , context (archaeology) , archaeology
International cross listing have amplified the interest of academics and investors to the subject of co movement among the stock markets of the world . This study investigates the co integration of Pakistan stock exchange (KSE 100 index) with major stock exchanges of south Asia . The results reveals that there is no co integration of Pakistan’s stock market (KSE100 index) with china and Japan stock markets. However there is co integration of Pakistan’s stock market (KSE 100 index) with the stock market of India, Indonesia, Malaysia and Singapore.