Comparative study of exchange efficiency in terms of market capitilisation & trading volume

Abstract

A stock exchange is a market that is premeditated for the sale and purchase of securities of corporations and municipalities. corporations and municipalities. Countries with poor ountries with poor governance and poor stock exchange may survive in good weather, but in these turbulent times, any country that has been hiding its shaky foundations is likely to be exposed. This paper is an attempt to compare exchange efficiency of different stock exchange in terms of market capitalization and trading volume since inception till trading volume since inception till date. The exchanges which have being consider onsidered for study are National stock exchange (NSE), National stock exchange (NSE), Australia Securities exchange (ASX), Swiss Exchange (SWX), London Stock Exchange (LSE) and Karachi Stock Exchange (KSE). Karachi Stock Exchange (KSE).