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Home > Stock Market Integration & Volatility Spillover: Evidence from Pakistan & its Major Trading Partners

Stock Market Integration & Volatility Spillover: Evidence from Pakistan & its Major Trading Partners

Thesis Info

Access Option

External Link

Author

Muhammad Shafique Khan

Institute

Virtual University of Pakistan

Institute Type

Public

City

Lahore

Province

Punjab

Country

Pakistan

Thesis Completing Year

2015

Thesis Completion Status

Completed

Subject

Software Engineering

Language

English

Link

http://vspace.vu.edu.pk/detail.aspx?id=101

Added

2021-02-17 19:49:13

Modified

2024-03-24 20:25:49

ARI ID

1676720967344

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This study examined the stock market integration and volatility spillover among Pakistan and its major trading partners for the period July 2000 to June 2014. Pakistan?s major trading partners included in this study are United States of America, Japan, India, China, Malaysia, United Kingdom and Germany. Therefore, the variables of this study are the selected stock market of respective trading partners i.e. India (Bombay stock exchange), Indonesia (JSX), China (SSE), USA (NYSC), Japan (Nikkei), Germany (DAX) and UK (FTSE. Moreover, Johansen and Juselius. Co-integration test was applied to investigate integration among all stock markets. Vector Error Correction Model and granger causality tests were also used. However, to investigate the volatility spillover GARCH and EGRACH techniques were used.The results of co-integration showed that, there is integration among the markets. The result finds evidence of one long run association-ship between the selected stock markets.There is uni-directional granger cause from DAX, FTSE, BSE, NEKKEI and NYSE to KSE. Overall, the result of above test does not show any bidirectional relationship among stock market of selected countries.
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شیخ محمد عبداﷲ [وزیر اعلیٰ جموں و کشمیر ]

شیخ محمد عبداﷲ
افسوس ہے کہ گزشتہ ماہ ستمبر کی۸/تاریخ کو شیخ محمد عبداﷲ، وزیر اعلیٰ ریاست جموں وکشمیر کاانتقال۷۷برس کی عمر میں ہوگیا۔ ان کی وفات سے ریاست کی نہایت پیچیدہ سیاسیات میں جو خلا پیداہوگیا ہے اس کا پُرہونا بظاہر ناممکن ہے۔ شیخ صاحب کی شخصیت کتنی قدآور اورکس درجہ بھاری بھر کم تھی اس کااندازہ اس سے کیا جاسکتا ہے کہ۱۹۵۳ء میں جب کہ وہ ریاست جموں وکشمیر کے وزیر اعلیٰ تھے ان کو سینٹرل گورنمنٹ نے اس عہدہ سے برخاست ہی نہیں کیا،بلکہ فوج اورپولیس کی عظیم جمعیت کے زیر سایہ انہیں گرفتار بھی کرلیا۔اس کے بعد مجموعی طورپرکم وبیش اٹھارہ سال شیخ صاحب نے نظربندی اوراسارت میں بسر کیے۔اس سلسلہ میں ان پر سازش کامقدمہ بھی چلایا گیا اورقسم قسم کے الزامات لگائے گئے جوبے بنیاد ثابت ہوئے، لیکن شیخ کی نظر بندی قائم رہی۔شیخ کھلے دماغ اورصاف ذہن کے آدمی تھے، وہ کٹر کشمیری تھے، جوکچھ سوچتے،خالص کشمیر اور اہل کشمیر کے مفاد میں سوچتے اورپھرجو فیصلہ کرلیتے اس پر مضبوطی سے قائم رہتے،کسی قسم کاخوف یاکوئی لالچ اس فیصلہ سے ان کومنحرف نہیں کرسکتا تھا۔ انھوں نے ہندوستان سے الحاق کافیصلہ بھی کسی دباؤ میں نہیں کیاتھا لیکن ساتھ ہی ان کا نظریہ یہ تھا کہ دوسری ریاستوں کے مقابلہ میں کشمیر کے لیے دستوری طورپر چند خصوصی رعایتوں کاحاصل ہونا ضروری ہے نیز یہ کہ کشمیر کامسئلہ برصغیر کی دو حکومتوں کے درمیان جو بس کی گانٹھ بناہواہے اس صورت حال کودوستانہ طریقہ پر ختم ہونا چاہیے کیونکہ جب تک یہ صورت حال قائم رہے گی ریاست جموں وکشمیر کو امن و اطمینان کے ساتھ ترقی کرنے، پھلنے پھولنے کاموقع نہیں ملے گا اور کشمیریوں میں بُعدوافتراق کی دیوار سدِّسکندری بن کر ایسی حائل رہے گی کہ رشتہ داریاں ختم ہوجائیں گی۔
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Explanation of Hadith literature is a very significant academic contribution of Muhadditheen since the dawn of this sacred source. Sunan by Abu Dawod (d. 275 A.H.) has its well reputation in field Hadith codification and it has taken a perpetual attraction of Hadith scholars for its interpretation. Molana Saharanpuri (d.1927A.D.)is a famous sub continental Muslim scholar who contributed a voluminous interpretation titled ‘Bazl al-Majhood’ in which he comprehensively explores different aspect of Hadith. He has given an exploration of intellecttu-al solutions to various doubts and objection in very lucid way. The article has been rendered to focus on the same issue and intends to deal with the method-ology adopted by Saharanpuri while resolving the insinuations regarding Hadith literature.

Cosmeceutical Evaluation of Stable Emulgel Loaded With Mimosa Pudica and Psoralea Corylifolia Plant Extract

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