Open AccessDo Stock markets welcome signs of changing ruling set-up? An empirical investigation on the impacts of General and Presidential Elections on KSE
Author(s) -
Zaheer Khan,
Sahar Zeast
Publication year - 2015
Publication title -
jinnah business review
Language(s) - English
Resource type - Journals
eISSN - 2307-7921
pISSN - 2070-0296
DOI - 10.53369/yceb2024
Subject(s) - presidential system , stock exchange , stock (firearms) , stock market , event study , economics , financial economics , monetary economics , business , political science , geography , finance , law , politics , archaeology , context (archaeology)
This study was an attempt to analyze the impact of general and presidential elections on stock market returns of Karachi Stock Exchange. The event study methodology was employed and the data from 1997 to 2013 was used to identify the impact. This study investigated the impact of general and presidential elections held in Pakistan individually and collectively. The results established that there was a significant impact of elections on stock market returns of Karachi Stock Exchange.