تلخیص
This study examines the effect of market variables on the movement stock
prices in Pakistan. Asset pricing is considered as efficient if the asset prices
reflect all available market information. This study examined the extent to
which some "information factors" or market indices affect the stock price. A
simple regression model has been used to develop a relation between the
variables (stock prices, earnings per share, gross domestic product, dividend,
inflation and KIBOR) after testing for multi-collinearity among the
independent variables. All the variables have shown positive correlation with
stock prices with some exceptions of GDP and inflation. This study has
enriched the existing literature while it would help policy makers who are
interested in deploying instruments of monetary policy and other economic
indices for the growth of the capital market.
MUHAMMAD USMAN JAVAID. (2010) DETERMINANTS OF EQUITY PRICES IN THE STOCK MARKET, Paradigms , Vol 4, Issue 1 .
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