Measuring the Performance of KSE100: The Impact of Demutualization
Journal Title: UNKNOWN - Year 2024, Vol 5, Issue 1
Abstract
The purpose of this study is to assess how the demutualization process has affected the performance of the KSE100 Benchmark Index. The study utilized Descriptive Statistics and a Paired sample t-test, as well as daily data from KSE-100 spanning 2009 to 2019. This data was analysed in terms of market capitalization, traded value, daily stock returns, and trading volume. Our results show that, overall, market capitalization increased significantly during the period, except in the second phase. Daily stock returns for the KSE100 Index did not improve over the entire period, though the decrease was not statistically significant. Trading volume did not improve and decreased significantly in both the first and second phases, but increased after the listing of the Pakistan Stock Exchange on its own exchange. The overall conclusion is that the performance of the Index improved, which is a crucial finding for foreign investors looking to invest in the Pakistani stock market. The study is also significant for institutional investors, local investors, potential investors, and portfolio managers who are interested in the growth and development of the stock market. This study is a valuable addition to existing literature, as a significant portion of the existing literature on the demutualization of the Pakistan Stock Exchange is qualitative.
Authors and Affiliations
Poonam Dutt Vivake Anand Muhammad Nadeem Qureshi
Keywords
Related Articles
- EP ID EP733525
- DOI 10.55737/qjssh.143130975
- Views 32
- Downloads 0
Investigating the Use of Flipped Classroom Technologies on Students' Learning at Secondary Level
The flipped classroom concept, considered a crucial element of blended learning, has garnered significant attention from scholars and educators in contemporary times. The flipped classroom concept entails a pedagogical a...
Role of Marginalized Women in Shaping Environmental Activism in Sindh: A Case Study of Jogi and Bagri Communities
This study investigates the role of marginalized women of the Jogi and Bagri communities in environmental activism. Amid environmental challenges, this study tries to comprehend the contributions and effects of marginali...
Patient Medical Records and Practices in Pakistan
A patient's medical history record holds a really important place in devising future treatment plans and making healthcare decisions. The inability to access accurate and relevant patient history can pose health problems...
Scholarship of Learning of Students at Higher Education: The Role of Study Culture and Self-Fulfilling Prophecy
The study has been designed to examine the study culture, self-fulfilling prophecy, and learning skills of the students at the tertiary level. The study culture is very important for the learning of students at all level...
Controversial Portrayal of Women in Pashto Proverbs
This research aims to explore the controversial representation of women in Pashto proverbs. It delves into the cultural significance of these proverbs and their impact on gender roles and perceptions. Through a deep anal...