[dropcap]T[/dropcap]he author is a PhD in Business Administration with a focus on Finance. He carries an experience of eleven years of teaching in different institutions. Presently, he is associated with National University of Sciences & Technology (NUST), Islamabad and working as Assistant Professor. Email: zubair@s3h.nust.edu.pk) A country’s stock market is considered an important indicator of the financial health and provides investors with estimates of the volatility and returns associated with investment. The stock market provides a summary of companies business and indicates the magnitude of trading activities of listed firms being undertaken by investors. As the market index moves higher,…