Research Article
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 |
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