摘要:This paper focuses on identifying the major financial indicators or ratios that play a crucial role in determining the prices of the securities. Also the volatility of the prices of securities on the basis of previous performance of the companies will help us to understand the applicability of efficient market hypothesis in our emerging financial market. The scope of this paper is to investigate the weak form of market efficiency in the Karachi stock exchange. This paper will help the investors in making transaction in the securities after careful technical and fundamental analysis if the volatility pattern exists in the securities return and is consistent with the previous year's return and available financial information.
关键词:efficient market; technical analysis; financial information