In this study, we attempt to show empirical evidence of momentum profits in Karachi Stock Exchange (KSE) using monthly stocks returns data of 609 stocks over the period June 2004 to March 2014. Using Jegadeesh and Titman (1993) methodology, we find that investors can earn positive returns by...

This paper investigates the conditional association between betas and returns in sample of 206 firms listed on the Pakistan Stock Exchange (PSX). Results of this study show that the relationship between betas and stock returns is flat when tested unconditionally. However, when the data is split...

In this study, we examine several aspects of the momentum strategies such as profitability, risk-based explanation, and decomposition of the momentum profits. For this purpose, we use weekly and monthly data of 581 firms listed at the Pakistan Stock Exchange (PSX) for the period 2004-2014. We...