What Causes Stock Market Volatility in Pakistan? Evidence from the Field

Table 1

Descriptive statistics.

	KSE-100 with dormant values	KSE-100 without dormant values
Mean	0.000615	0.000606
Median	0.000000	0.000000
Maximum	0.127622	0.127622
Minimum	−0.49417	−0.13214
Std. dev.	0.015869	0.014607
Skewness	−4.96136	−0.28648
Kurtosis	155.59290	9.84641
ARCH-LM test	97.14249	99.98743
Jarque-Bera test	6202352.00	12699.21
Observations	6366	6457