期刊名称：Academy of Accounting and Financial Studies Journal
印刷版ISSN：1096-3685
出版年度：2020
卷号：24
期号：4
页码：1-10
语种：English
出版社：The DreamCatchers Group, LLC
摘要：The objective of this research is to find out the effect of uncertain political events on the Pakistan Stock exchange (KMI 30 its significance level is high in responses. The findings of the study show that both markets are inefficient for short timeframe, after nearly 15 days, they absorb the noisy data and begins normalizing. The research contributes to the literature by proving that KSE 30 is less effective than KMI 30, as conventional markets respond more to different uncertain political events than Islamic markets. This research study is expected to make a significant contribution, especially in the Pakistan capital market literature as in this study researchers incorporate multiple political events and its impact on different stock markets performance. Further research may examine differences in the response of the KSE and other Pakistani stock exchanges (such as Lahore and Islamabad) to Pakistani political events..
关键词：KSE 30;KMI 30;Abnormal Returns;Political Events;Stock Markets of Pakistan
