Future Business Journal

Table 2 Day-of-the-week/weekend effect regression analysis

From: Impact of market anomalies on stock exchange: a comparative study of KSE and PSX

KSE				PSX
Variables	Coefficients	t-statistics	Probability	Variables	Coefficients	t-statistics	Probability
D1	6412.848	34.68671	0.0000***	D1	80.79697	167.7882	0.0000***
D2	6418.529	34.71743	0.0000***	D2	80.86152	166.5757	0.0000***
D3	6430.383	34.75814	0.0000***	D3	80.87077	166.5458	0.0000***
D4	6430.406	34.75826	0.0000***	D4	81.14183	167.0932	0.0000***
D5	6433.508	34.77503	0.0000***	D5	81.18300	167.1780	0.0000***
R²: 0.601601				R²: 0.630315

*Denotes significance at 10 per cent, **significance at 5 per cent and ***significance at 1 per cent

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