The reaction of stock market to monetary policy announcements

Sher Afghan, 01-221122-059

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dc.contributor.author	Sher Afghan, 01-221122-059
dc.date.accessioned	2017-07-25T05:21:13Z
dc.date.available	2017-07-25T05:21:13Z
dc.date.issued	2014
dc.identifier.uri	http://hdl.handle.net/123456789/2963
dc.description	Supervised by Mr. Muhammad Akbar	en_US
dc.description.abstract	This study has explored the relationship between the Karachi Stock Exchange of Pakistan and Monetary Policy announcements made by the State Bank of Pakistan. This study is a quantitative research based on the secondary data taken from the websites of Karachi Stock Exchange and State Bank of Pakistan. Event study technique is used in this research in order to accomplish the objective. Sample period of 5 years is taken from 1st January 2009 to 31st October 2013. State Bank of Pakistan has made total 27 announcements during the sample period in which interest rates were increased, decreased and kept constant. Three different methods are used to find the results. Results show that Karachi Stock Exchange does not react to the monetary policy announcements made by the State Bank of Pakistan. Some volatility in the returns of Karachi Stock Exchange has been found in the results but is very little.	en_US
dc.language.iso	en	en_US
dc.publisher	Bahria University Islamabad Campus	en_US
dc.relation.ispartofseries	MBA;MFN 4131
dc.subject	Management Science	en_US
dc.title	The reaction of stock market to monetary policy announcements	en_US
dc.type	Thesis	en_US