IMPACT OF INTEREST RATE ON STOCKS MARKET RETURNS IN PAKISTAN USING ARDL MODEL

Authors

  • Rahmatullah Arbani Lecturer in Commerce, Ph.D. Scholar, IBA Sukkur University, Sukkur, Pakistan.
  • Tanveer Abbas Accounts Officer, MS Scholar, Sukkur IBA University, Sukkur, Pakistan.
  • Hafsa Iqbal Lecturer in Political Science, Government Girls Degree College, Jacobabad, Pakistan.

DOI:

https://doi.org/10.63878/cjssr.v3i3.980

Abstract

            This study explored the long and short term effect of interest rate on stock returns in Pakistan for the period of 2000 to 2020. The Stationary of data was analyzed by Augmented Dickey Fuller and Phillips Peron test. This study applied Auto Regressive Distribution Lag (ARDL) model for the purpose of analyzing long and short term relationship. The results revealed that there is no a long-run effects, whereas only short-run effects if interest rate on stock market in the context of Pakistan is found.

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Published

2025-07-07

Issue

Vol. 3 No. 3 (2025): Contemporary Journal of Social Science Review (CJSSR)

Section

Articles

License

Copyright (c) 2025 Contemporary Journal of Social Science Review

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

How to Cite

IMPACT OF INTEREST RATE ON STOCKS MARKET RETURNS IN PAKISTAN USING ARDL MODEL. (2025). Contemporary Journal of Social Science Review, 3(3), 491-499. https://doi.org/10.63878/cjssr.v3i3.980