An Empirical Evidence of over Reaction Hypothesis on Karachi Stock Exchange ( Kse )

Abstract

JEL Classification: G11, G12, G15. Purpose: There is extensive international evidence that contrarian strategy yields positive abnormal returns for long-term periods. However, this topic has received scarce attention in Pakistan. This research study in line with De Bondt and Thaler (1985) examines the winner-loser anomaly on Karachi Stock Exchange (KSE… (More)

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