期刊名称：International Business & Economics Research Journal
印刷版ISSN：1535-0754
电子版ISSN：2157-9393
出版年度：2009
卷号：8
期号：8
语种：English
出版社：The Clute Institute for Academic Research
摘要：Over the past fifty years, much work has been done trying to understand the relationship between volume and price changes of individual stocks. In this article, we attempt to introduce and discuss some of these articles and take inference for relationship of traded volume and aggregate stock exchange index performance. This article presents an empirical analysis of the relationship between trading volume and performance of stock exchange index on a given day in the Pakistani market. Just like individual stocks, the relationship between changes in KSE 100 index and trading volume, irrespective of the direction of the index change, is significantly positive across all three alternative measures of daily trading volume (the daily number of shares traded; the daily total monetary value of shares traded; the daily number of equity trades).
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