Impact of Financial Sector Variables on Shari’a Compliant Cross-Section Stock Returns

摘要: Shari’a compliant stocks are the recent development under Islamic finance, whereby screened through compliance filters. This study is conducted to understand and document important monetary factors contributing in determining stock prices of companies Pakistan. Our sample includes all 97 non-financial by Al-Meezan Investment Management Ltd; based on accounting results 2009. We have included four variables addition market index our for ten years period (2001-10). Results identified two pricing; however, with inclusion analysis, single variable pricing securities Beta. Evidence favors CAPM local as captures risk macroeconomic variables.