Stock Prices’ Variability around Earnings Announcement Dates at Karachi Stock Exchange
Joint Authors
Imdadullah, Muhammad
Abdullah, Ali
Qureshi, Muhammad Azeem
Source
Economics Research International
Issue
Vol. 2012, Issue 2012 (31 Dec. 2012), pp.1-6, 6 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2012-08-29
Country of Publication
Egypt
No. of Pages
6
Main Subjects
Abstract EN
The purpose of this study is to investigate how earnings announcement event affects stock returns at Karachi Stock Exchange (KSE).
For this purpose we use the KSE-100 Index as our sample.
We use the CAR Analysis to analyze the impact of earnings announcement over the stock returns around announcement dates.
Our results suggest that KSE experiences abnormal stock returns around earnings announcement dates for the overall market and for different categories which indicate that efficient market hypothesis does not hold in Pakistani market and point out the presence of informational dissemination inefficiencies in the market.
American Psychological Association (APA)
Qureshi, Muhammad Azeem& Abdullah, Ali& Imdadullah, Muhammad. 2012. Stock Prices’ Variability around Earnings Announcement Dates at Karachi Stock Exchange. Economics Research International،Vol. 2012, no. 2012, pp.1-6.
https://search.emarefa.net/detail/BIM-473582
Modern Language Association (MLA)
Qureshi, Muhammad Azeem…[et al.]. Stock Prices’ Variability around Earnings Announcement Dates at Karachi Stock Exchange. Economics Research International No. 2012 (2012), pp.1-6.
https://search.emarefa.net/detail/BIM-473582
American Medical Association (AMA)
Qureshi, Muhammad Azeem& Abdullah, Ali& Imdadullah, Muhammad. Stock Prices’ Variability around Earnings Announcement Dates at Karachi Stock Exchange. Economics Research International. 2012. Vol. 2012, no. 2012, pp.1-6.
https://search.emarefa.net/detail/BIM-473582
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-473582
