Stock Price Quarter's(6-jun-2012) Length

1 Al Abbas Sugar Mills AABS 0.08 14.03 88.5 Jan-Mar 13761.8 11282 0.22 12% 0.128 0.1585312 Allied Bank Limited ABL 0.8 2 63.16 Jan-Mar 13761.8 11282 0.22 12% 0.2 0.0316663 Abbot Laboratries ABOT 0.49 4.82 114.67 Dec-Feb 12877.9 11557.4 0.11 12% 0.1151 0.0420344 Attock Cement ACPL 0.61 4.29 78.11 Jan-Mar 13761.8 11282 0.22 12% 0.181 0.0549235 Arif Habib Limited AHI 0.79 0.56 15.24 Oct-Dec 12% 0.0367456 Attock Refinary Limited ATRL 0.27 3.39 125.26 Jan-Mar 13761.8 11282 0.22 12% 0.147 0.0270647 Amin Spinning ASML -1.16 2.92 12%8 Ansari Sugar ANSS 6.51 12%9 Ashfaq Textile ASHT -0.58 2.59 10.16 Jan-Mar 13761.8 11282 0.22 12% 0.062 0.25492110 Atlas Battery Limited ATBA 0.27 10.47 205.93 Jan-Mar 13761.8 11282 0.22 12% 0.147 0.05084311 Bawany Air Products BAPL -0.41 0.55 7.25 Jan-Mar 13761.8 11282 0.22 12% 0.079 0.07586212 Bata (pak) Limited BATA 0.28 22.8 653.87 Jan-Mar 13761.8 11282 0.22 12% 0.148 0.03486913 Berger Paints BERG -1.58 12.6 Jan-Mar 13761.8 11282 0.22 12% -0.12539714 Bannu Woolen BNWM 0.61 0.27 23.37 Jan-Mar 13761.8 11282 0.22 12% 0.181 0.01155315 Bestway Cement BWCL 0.19 1.66 27.7 Jan-Mar 13761.8 11282 0.22 12% 0.139 0.05992816 Colgate Pamolive COLG 0.25 10.86 949.01 Jan-Mar 13761.8 11282 0.22 12% 0.145 0.01144417 Dewan Motors DFML 2.54 -0.17 2.39 Jan-Mar 13761.8 11282 0.22 12% 0.374 -0.0711318 Diamond Industry DIIL 0.22 2.34 8.62 Jan-Mar 13761.8 11282 0.22 12% 0.142 0.27146219 Elahi Cotton ELCM -0.65 0.71 15 Jan-Mar 13761.8 11282 0.22 12% 0.055 0.04733320 Engro Corporation ENGRO 1.58 1.04 110.26 Jan-Mar 13761.8 11282 0.22 12% 0.278 0.00943221 Exide Pakistan EXIDE 0.4 5.9 192.5 Oct-Dec 12% 0.03064922 Fatch Sports FSWL 0.18 9.5 Jan-Mar 13761.8 11282 0.22 12% 0.01894723 Ghani Automobile GAIL 0.09 -1.39 2.5 Jan-Mar 13761.8 11282 0.22 12% 0.129 -0.55624 Gul Ahmed GATM 0.52 -0.33 20.02 Jan-Mar 13761.8 11282 0.22 12% 0.172 -0.01648425 Gillette Pak GLPL 0.01 1.56 64.52 Jan-Mar 13761.8 11282 0.22 12% 0.121 0.02417926 General Tyre GTYR 0.36 0.92 22.4 Jan-Mar 13761.8 11282 0.22 12% 0.156 0.04107127 Honda Atlas Cars HCAR 0.59 -2.73 11.26 Jan-Mar 13761.8 11282 0.22 12% 0.179 -0.24245128 Hala Enterprise HAEL 9.6 12%29 Ideal Energy IDEN -0.53 9.7 Oct-Dec 12% -0.05463930 Investment Bank ICIBL 3.01 0.79 12%31 Uniliver Food XD UPFL 0.34 30.52 2,872.50 Jan-Mar 13761.8 11282 0.22 12% 0.154 0.01062532 Quetta Textile QUET -0.04 24.47 12%33 Kohinoor Textile KTML 0.27 0.33 3.96 Jan-Mar 13761.8 11282 0.22 12% 0.147 0.08333334 Nestle Pakistan Limited NESTLE 0.91 36.71 4,047.43 Jan-Mar 13761.8 11282 0.22 12% 0.211 0.0090735 Wateen Telecom Limtied WTCL 1.83 -2.2 2.25 Jul-Sep 12% -0.97777836 Tri-Star Power XD TSPL 0.61 1.05 12%37 Wapda Bonds 6th WAPDA-B6 12%38 Oil & Gas Deve OGDC 1.26 1.5 157.67 Jan-Mar 13761.8 11282 0.22 12% 0.246 0.00951439 Pakistan Cable PCAL 0.06 1.18 39.5 Jan-Mar 13761.8 11282 0.22 12% 0.126 0.02987340 Subshine Cotton SUCM 0.33 12%

As per our analysis K`≠Ks, thus the market is inefficient.

S. no Company name Symbol Beta Div/EPS

If K`=ks then a market is said to be efficient.But if K`≠Ks the market is said to be inefficient.

Analyzing Market Efficiency

Ks=Rf+b(Rm-Rf) K`=div/s.pCi Pi Rm=Ci-Pi/Pi Rf