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Technical Analysis Of Efficient Market Hypothesis In A Frontier Market

Author

Listed:
  • MOBEEN Ur Rehman

    (Institute of Science and Technology, Islamabad, Pakistan)

  • WAQAS Bin Khidmat

    (Government College, Faisalabad)

Abstract

This paper focuses on identifying the major financial indicators or ratios that play a crucial role in determining the prices of the securities. Also the volatility of the prices of securities on the basis of previous performance of the companies will help us to understand the applicability of efficient market hypothesis in our emerging financial market. The scope of this paper is to investigate the weak form of market efficiency in the Karachi stock exchange. This paper will help the investors in making transaction in the securities after careful technical and fundamental analysis if the volatility pattern exists in the securities return and is consistent with the previous year’s return and available financial information.

Suggested Citation

  • MOBEEN Ur Rehman & WAQAS Bin Khidmat, 2013. "Technical Analysis Of Efficient Market Hypothesis In A Frontier Market," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 8(2), pages 60-67, August.
  • Handle: RePEc:blg:journl:v:8:y:2013:i:2:p:60-67
    as

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    File URL: http://eccsf.ulbsibiu.ro/RePEc/blg/journl/826mobeen&waqas.pdf
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    References listed on IDEAS

    as
    1. Muhammad Akbar & Humayun Habib Baig, 2010. "Reaction of Stock Prices to Dividend Announcements and Market Efficiency in Pakistan," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, pages 103-125.
    2. Balvers, Ronald J & Cosimano, Thomas F & McDonald, Bill, 1990. " Predicting Stock Returns in an Efficient Market," Journal of Finance, American Finance Association, vol. 45(4), pages 1109-1128, September.
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