Corpus ID: 54038635

Trading Volume and Stock Returns: Evidence from Pakistan's Stock Market

@inproceedings{Khan2008TradingVA,
  title={Trading Volume and Stock Returns: Evidence from Pakistan's Stock Market},
  author={S. Khan and Faisal Rizwan},
  year={2008}
}
This paper investigates empirical contemporaneous and causal relationships between stock returns, trading volume and volatility of stock index in Pakistan’s stock market. The data relates to Karachi Stock Exchange (KSE-100 Index) and cover the period from Jan 2001 to May 2007. Granger Causality tests were employed to test whether trading volume precedes stock returns, or vice versa. GARCH (1,1) model was employed to test whether the positive contemporaneous relationship between trading volume… Expand
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EURASIAN JOURNAL OF ECONOMICS AND FINANCE
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