How to cite this paper
Nawaz, B., Sarfraz, A., Hussain, H & Altaf, M. (2013). An empirical investigation on the existence of weak form efficiency: The case of Karachi stock exchange.Management Science Letters , 3(1), 65-72.
Refrences
40627 Abraham, A., Seyyed, F., & Alsakran, S. (2002). Testing the random behavior and efficiency of the gulf stock markets. The Financial Review, 37(3), 469-480.
Agelov, (2009). Testing the weak-form efficiency of the Bulgarian Stock Market. Discussions Paper, DP/71/2009
Ahmed, F. (2002). Market efficiency in emerging stock markets: The case of Dhaka Stock Exchange, www.fgda.org/html/savings_2002-1.htm.
Ang, J., & Pohlman, R. (1978). A note on the price behaviors of Far Eastern Stocks. Journal of International Business Studies, 1, 103 – 107.
Borges, M. R. (2008). Efficient market hypothesis in European Stock Markets. working paper series, WP 20/2008/DE/CIEF, School of Economics and Management, Technical University of Lisbon. Branes, P. (1986). Thin trading and stock market efficiency: A case of the Kuala Lumpur Stock Exchange. Journal of Business Finance & Accounting, 13(4), 609-617. Chan, K.C., Gup, B.E., & Pan, M.S. (1992). An Empirical Analysis of Stock Prices in Major Asian Markets and United States. The Financial Review, 27(2), 289-307.
Suleman, M.T., Hamid, K., Ali Shah, S.Z., & Imdad Akkash, R. S. (2010). Testing the weak form of efficient market hypothesis: Empirical evidence from Asia-Pacific Markets (December 1, 2010). International Research Journal of Finance and Economics, 58, 121.
Hawawini, G. (1984). European Equity Markets: Price Behavior and Efficiency. Monograph Series in Finance and Economics (Saloman Center, New York University).
Huang, B. (1995). Do Asian Stock Market prices follow random walks? Evidence form the variance ratio test. Applied Financial Economics, 5, 251 – 256.
Brown, L., & Easton, A. (1989). Weak-form efficiency in the nineteenth century: A study of daily prices in the London Market for 3 per cent Consols, 1821-1860. Economica 56, 61-70.
Latham, M. (1985). Defining capital market efficiency. Finance working paper 150 Institute for Business and Economic Research, University of California, Berkeley, Lima, E. J. A., & Tabak, B.M. (2004). Tests of the random walk hypothesis for equity markets: Evidence from China, Hong Kong and Singapore. Applied Economics Letters, 11, 255-258.
Lo, A., & Mackinlay, C. (1988). Stock market do not follow random walks: Evidence from a simple specification test. Review of Financial Studies, 1, 41 – 66.
Lo, A. W. (1997). Market Efficiency: Stock Market Behaviour in Theory and Practice. Volume I and II, Chethenham, UK. An Elgar Reference Collection.
Mobarek, A., & Keasey, K. (2000). Weak-form market efficiency of an emerging Market: Evidence from Dhaka Stock Market of Bangladesh. ENBS Conference held on Oslo.
Moustafa, M.A. (2004), Testing the weak-form efficiency of the United Arab Emirates stock market. International Journal of Business, 9(3), 309-325.
Niblock, S., & Sloan, K. (2007). Are Chinese Stock Markets Weak-form Efficient? Paper presented at the 12th Finsia-Melbourne Centre for Financial Studies Banking and Finance Conference, Melbourne.
Srinivasan, P. (2010). Testing weak-form efficiency of Indian Stock Markets. Asia Pacific Journal of Research in Business Management, 1(2).
Panday (2003). Efficiency of Indian Stock Market. Time series course. Rahman, S., & Hossain, M.F. (2006). Weak form efficiency: Testimony of Dhaka Stock Exchange. Journal of Business Research, 8, 1-12.
Agelov, (2009). Testing the weak-form efficiency of the Bulgarian Stock Market. Discussions Paper, DP/71/2009
Ahmed, F. (2002). Market efficiency in emerging stock markets: The case of Dhaka Stock Exchange, www.fgda.org/html/savings_2002-1.htm.
Ang, J., & Pohlman, R. (1978). A note on the price behaviors of Far Eastern Stocks. Journal of International Business Studies, 1, 103 – 107.
Borges, M. R. (2008). Efficient market hypothesis in European Stock Markets. working paper series, WP 20/2008/DE/CIEF, School of Economics and Management, Technical University of Lisbon. Branes, P. (1986). Thin trading and stock market efficiency: A case of the Kuala Lumpur Stock Exchange. Journal of Business Finance & Accounting, 13(4), 609-617. Chan, K.C., Gup, B.E., & Pan, M.S. (1992). An Empirical Analysis of Stock Prices in Major Asian Markets and United States. The Financial Review, 27(2), 289-307.
Suleman, M.T., Hamid, K., Ali Shah, S.Z., & Imdad Akkash, R. S. (2010). Testing the weak form of efficient market hypothesis: Empirical evidence from Asia-Pacific Markets (December 1, 2010). International Research Journal of Finance and Economics, 58, 121.
Hawawini, G. (1984). European Equity Markets: Price Behavior and Efficiency. Monograph Series in Finance and Economics (Saloman Center, New York University).
Huang, B. (1995). Do Asian Stock Market prices follow random walks? Evidence form the variance ratio test. Applied Financial Economics, 5, 251 – 256.
Brown, L., & Easton, A. (1989). Weak-form efficiency in the nineteenth century: A study of daily prices in the London Market for 3 per cent Consols, 1821-1860. Economica 56, 61-70.
Latham, M. (1985). Defining capital market efficiency. Finance working paper 150 Institute for Business and Economic Research, University of California, Berkeley, Lima, E. J. A., & Tabak, B.M. (2004). Tests of the random walk hypothesis for equity markets: Evidence from China, Hong Kong and Singapore. Applied Economics Letters, 11, 255-258.
Lo, A., & Mackinlay, C. (1988). Stock market do not follow random walks: Evidence from a simple specification test. Review of Financial Studies, 1, 41 – 66.
Lo, A. W. (1997). Market Efficiency: Stock Market Behaviour in Theory and Practice. Volume I and II, Chethenham, UK. An Elgar Reference Collection.
Mobarek, A., & Keasey, K. (2000). Weak-form market efficiency of an emerging Market: Evidence from Dhaka Stock Market of Bangladesh. ENBS Conference held on Oslo.
Moustafa, M.A. (2004), Testing the weak-form efficiency of the United Arab Emirates stock market. International Journal of Business, 9(3), 309-325.
Niblock, S., & Sloan, K. (2007). Are Chinese Stock Markets Weak-form Efficient? Paper presented at the 12th Finsia-Melbourne Centre for Financial Studies Banking and Finance Conference, Melbourne.
Srinivasan, P. (2010). Testing weak-form efficiency of Indian Stock Markets. Asia Pacific Journal of Research in Business Management, 1(2).
Panday (2003). Efficiency of Indian Stock Market. Time series course. Rahman, S., & Hossain, M.F. (2006). Weak form efficiency: Testimony of Dhaka Stock Exchange. Journal of Business Research, 8, 1-12.