General and Presidential Elections and Stock Return Estimator for ISE, LSE

Abstract

The stock exchange (stock market) is a place, where the shares of listed companies of a country are traded (Gul, Khan, Saif, Rehman, & Roohullah, 2013). In the stock market, secondary securities are traded. Stock market is an essential part of the financial system of a country. These are frequently deliberated as indicators of an economy, for the reason that they demonstrate the transformation as well as the directions of an economy (Sriva stava, 2010). It also play a precise significant character in creating the economy well-organized as it guarantees the insolvency of the primary market, somewhere the capitals are channelized as of excess subdivision to shortfall segment. Stock market extents that in what way a nation is acting nationally as well as globally (Gul, et al, 2013).There are presently 03 stock exchanges in Pakistan such as Karachi stock exchange, Lahore stock exchange as well as Islamabad stock exchange. The Karachi stock exchange is the leading amongst them, as 75.0 to 80.0 percent trades‟ take-place through it.(Javid, 2007).