Farid, Aslam; Ashraf, Javed - In: The Pakistan Development Review 34 (1995) 4, pp. 651-657
Frequent “crashes” of the stock market reported during the year 1994 suggest that the Karachi bourse is rapidly converting into a volatile market. This cannot be viewed as a positive sign for this developing market of South Asia. Though heavy fluctuations in stock prices are not an unusual...