{"product_id":"efficient-market-hypotheses-evidence-from-karachi-stock-exchangekse-von-qurat-ul-ain-qurat-ul-ain","title":"EFFICIENT MARKET HYPOTHESES: EVIDENCE FROM KARACHI STOCK EXCHANGE(KSE)","description":"\u003cp\u003eThis study is focused on KSE in context of EMH \u0026amp;  seeks evidence of Weak \u0026amp; Semi strong form of  efficiency of KSE 100 index from Dec 31st 2003-4th  March, 2010. WFEMH tested with the  RWM. Chi- Square,Kolmogrov ¿Smirnov,Run test \u0026amp; Autocorrelation  test were used. For semi strong form, the relevant  conceptual testing was conducted to check Weekday  effect, Weekend effect, January effect \u0026amp; religious  Holidays'' effect. These all tests were performed on  the original data of closing prices.  ARIMA model was used to verify results. The results  provide evidence that series of market prices do not  follow random walk model\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783843357449\"\u003e\u003ch3\u003eImplication of EMH in case of KSE on daily 100 index prices\u003c\/h3\u003e\u003c\/div\u003e","brand":"Autorenwelt Shop","offers":[{"title":"Softcover - 9783843357449","offer_id":39494468829277,"sku":"9783843357449","price":59.0,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/f51e7c79-511b-4b6c-aa99-677c0b2b69cf.jpg?v=1759212872","url":"https:\/\/shop.autorenwelt.de\/products\/efficient-market-hypotheses-evidence-from-karachi-stock-exchangekse-von-qurat-ul-ain-qurat-ul-ain","provider":"Autorenwelt Shop","version":"1.0","type":"link"}