Asymmetric Impact of Financial Crisis on Stock Exchange of Malaysia and Pakistan

First time global financial crisis were started from US and then it were spread in all over the world. This crisis were largest crisis of the world after the 1930s. The basic aim of this paper is to analysis the financial crisis impact on stock market performance of Pakistan and Malaysia. For this purpose, collected the data from 2003 to 2010 and applied EGARCH model. This research is showing that negative shocks have more pronounced impact on performance of both countries. This is more impact on Malaysia stock market .our suggested that Government should have focused on such types of issues that in the scenario how can control economy