This study seeks evidence on whether the return series on Bangladesh's Dhaka Stock Exchange (DSE) is independent and follows the random walk model. The study focuses on assessing if the DSE deviates from idealised efficiency. The sample primarily includes all the listed companies on the DSE...

This paper investigates the behavior of DSE-20 using daily DSE-20 Index and prices of the DSE-20 securities for the period of 2001-2003. A number of studies conducted on return behavior but most of them are on the developed markets and none of them on the Dhaka Stock Exchange. Hence, the...