SEARCH ARTICLE

28 Pages : 413-426

http://dx.doi.org/10.31703/gssr.2018(III-IV).28      10.31703/gssr.2018(III-IV).28      Published : Dec 2018

Will the Stock Market Index Upsurge or Deflate? Making Calculated Predictions Using the Univariate Autoregressive Integrated Moving Average Technique

    Movements in a stock market index may safely be considered one of the mostwatched out phenomena by investors in almost every economy. One method to forecast the index is to study all those external factors that directly affect it. Another way, however, is to base ones predictions on the past behavior of the variable of interest. This paper has employed the method described latter and has, therefore, made use of the ARIMA modeling. In this connection, the daily stock market index data of the Karachi Stock Exchange 100 index was taken for twenty years from 1997 to 2017 which translated into 4940 observations. The study revealed that the model was decently efficient in forecasting the KSE 100 Index, though only for the short-range. The upshot of this study may be utilized specifically by short term investors in deciding on when, and when not, to invest in the stock market.

    Box-Jenkins Methodology, ARIMA, KSE 100 Index, Prediction, Stationarity, Time Series
    (1) Mustafa Afeef
    Assistant Professor,Department of Management Sciences, Islamia College Peshawar, KP, Pakistan.
    (2) Nazim Ali
    Assistant Professor, Department of Management Studies, University of Malakand, KP, Pakistan.
    (3) Adnan Khan
    Lecturer,Department of Management Studies,University of Malakand, KP, Pakistan.

26 Pages : 466-476

http://dx.doi.org/10.31703/gssr.2018(III-III).26      10.31703/gssr.2018(III-III).26      Published : Sep 2018

Tracing Stock Returns on Quarterly Basis: The Case of KSE-100 Index

    The stock market index can be forecasted in two ways --- either through taking those external factors that influence movements in the index or by basing ones predictions on the previous values of the index. The current study has used the method described later by employing the Box-Jenkins methodology --- a method famously used by most researchers while conducting ARIMA modeling--- by taking past figures of KSE 100 Index. Quarterly figures of the Index were, therefore, taken for 22 years from August 1995 to October 2017 that translated into 90 observations. Results revealed that the forecasting model used in the study did well in anticipating returns in the shortrun. The findings of the study can be consumed by investors, particularly short-term, in deciding when, and when not, to risk their hard-earned funds at Pakistan Stock Exchange.

    ARIMA, BoxJenkins Methodology, PSX 100 Index, Prediction, Stationarity
    (1) Mustafa Afeef
    Assistant Professor, Department of Management Sciences,Islamia College Peshawar, KP, Pakistan.
    (2) Nazim Ali
    Assistant Professor, Department of Management Studies, University of Malakand, KP, Pakistan.
    (3) Adnan Khan
    Lecturer, Department of Management Studies,University of Malakand, KP, Pakistan.

14 Pages : 137 - 146

http://dx.doi.org/10.31703/gssr.2022(VII-II).14      10.31703/gssr.2022(VII-II).14      Published : Jun 2022

A Comparative Analysis of Single Nation Curriculum with the Previous National Curriculum

    The current paper critically reviews the Single Nation Curriculum to verify the claims made by the document after its launching in 2020 as being the first policy document for educational reformation at the national level after several decades. The analysis compares the document with the National Curriculum (2006) which has been acknowledged as the main reference document in the preparation of the Single Nation Curriculum. The paper analyses various sections of the document, with a focus on English language teaching, to expose that the new curriculum is only an imitation of the previous 2006 curriculum without introducing any significant change in the policy, content, and methodology. The paper hopes to raise awareness among the policymakers and authors of SNC about establishing connections between research and practice, hence augmenting professional development with a focus on improved practices in the area of education and curriculum development.

    Single Nation Curriculum, Curriculum, Assessment, Teaching Methodology, Pedagogy
    (1) Jabreel Asghar
    Faculty Member, Higher Colleges of Technology, Al Ain, Abu Dhabi, United Arab Emirates,
    (2) Asif Ahmad
    Assistant Professor, Begum Nusrat Bhutto University for Women, Sukkur, Sindh, Pakistan.

49 Pages : 513-519

http://dx.doi.org/10.31703/gssr.2022(VII-II).49      10.31703/gssr.2022(VII-II).49      Published : Jun 2022

Gender Jihad: The Hermeneutical Resistance of Muslim Feminists against Conservative Muslim Critics

    Muslims feminists contend that they possess the intellectual capacity to challenge conservative juristic notions and patriarchal narratives regarding their roles and talents. They believe that gender-biased negative stereotypes have gone unquestioned owing to the dominance of male scholars in the hermeneutical domain. Scholars like Hibba Raouf, Amina Wadud and Farhat Hashmi confidently argue that the interpreter of the text, not the text itself, is to blame for androcentric bias towards women. Furthermore, they claim that conservative Ulama (intellectuals) misuse their position of authority and strive to preserve their dominance. Conservative scholars maintain that Islam prioritizes a woman's seclusion to the extent that she is not permitted to publicly preach the message of Islam. Disagreeing with their conservative critics, these female scholars argue that Islam does not impose such restrictions on women and they are free to pick the type of career and discipline which they think is compatible with their nature and disposition.This article analyses the perspectives of Hibba Rouf, Anima Wadud, and Farhat Hashmi on crucial topics including polygamy, female education, career choices, and political
    engagement.

    Exegetical Methodology, Quranic Worldview, Patriarchal Lens, Polygamy, Andocentric Religious Worldview, Conservative Ulama, Nushuz, Shariah
    (1) Saeed Akhtar
    Lecturer, Department of Islamic Studies, University of Malakand, KP, Pakistan.
    (2) Adnan Khan
    Assistant Professor Department of Sociology, University of Malakand, KP, Pakistan.
    (3) Usman Khan
    Lecturer, Department of Political Science, University of Malakand, KP, Pakistan.

31 Pages : 341-351

http://dx.doi.org/10.31703/gssr.2023(VIII-I).31      10.31703/gssr.2023(VIII-I).31      Published : Mar 2023

Employability of a Research Method and Methodology in a Socio-Legal Study

    Research methods and methodology are inherent in research whether it is in the form of a research paper, a dissertation or a book. This paper enables readers to choose how to select a particular research method, methodology, and research approach or research philosophy for a respective study. For this purpose, a presumptive study or hypothesis has been chosen as an example to employ research methods and methodology. For instance, the aim of a study is to investigate the corporate governance framework of Pakistan, to develop a board effectiveness model and to explore the role of institutional investors in order to make the execution of the code of corporate governance true sense. This paper presents the epistemological grounds of this study and the rationale for a qualitative exploratory study using an interpretative and descriptive approach to the enforcement mechanisms of corporate governance, the role and effectiveness of the board of directors and the part of institutional investors in the corporate sector of Pakistan. Furthermore, it provides details of the data collection and data analysis methods used for the said study, establishes the trustworthiness of the study and justifies the ethical considerations involved in the study. This paper would be a meaningful contribution to this existing knowledge, as the reader of this paper will be able to understand how to opt for a suitable methodology for a study.

    Research Methods, Methodology, Epistemological Grounds, Data Collection, Data Analysis, Validity and Reliability, Ethical Considerations
    (1) Samza Fatima
    Associate Professor of Law, Principal, University Gillani Law College, Bahauddin Zakariya University, Multan, Punjab, Pakistan.

18 Pages : 191-200

http://dx.doi.org/10.31703/gssr.2023(VIII-II).18      10.31703/gssr.2023(VIII-II).18      Published : Jun 2023

Learner vs Teacher Centered Classes: Critical Discourse Analysis of Stakeholders' Stance from Socio-Cognitive Perspective

    The research conducted for this study took place in a Pakistani educational institution. It compared the learner-centred (LC) and teacher-centred (TC) methods and investigated the learners' opinions regarding each method. This study employed qualitative methodology. Two classroom discussions were recorded in LC and TC modes to capture data. Participants in the study were given an open-ended questionnaire. Analyses of data were guided by Critical Discourse Analysis (CDA). The application of the socio-cognitive model (Dijk, 2006) and 3D model (Fairclough, 1995) revealed speech and ideology differences between TC and LC. The learners preferred the LC method. This research will encourage other academics to research different instruction methods. This research will also benefit applied linguists, particularly language teachers, to determine the effectiveness of teaching methods.

    Learner-Centered Method, Teacher-Centred Method, Teaching Methodology, Critical Discourse Analysis, Socio-Cognitive Model, 3D Model
    (1) Nadia Nisar
    PhD Scholar, Department of English Linguistics, Government College Woman University, Sialkot, Punjab, Pakistan.
    (2) Muhammad Sabboor Hussain
    Assistant Professor, Department of English Linguistics, Government College Woman University, Sialkot, Punjab, Pakistan.