The effect of Islamic holidays on stock returns and volatility in emerging Asian economies.
| dc.contributor.author | Madiha Niaz | |
| dc.date.accessioned | 2025-07-30T07:43:59Z | |
| dc.date.available | 2025-07-30T07:43:59Z | |
| dc.date.issued | 2016 | |
| dc.description.abstract | The objective of this study is to examine the impact of Islamic holidays on stock returns and volatility for emerging Asian markets. In this study event study methodology was applied to check the impact of Islamic holiday on KSE, DSE, ADX and BSE. Independent T-test and F-test of two sample variance were applied as a statistical technique to study the impact of holidays on stock market. The study focuses on four holidays (Eid ul Fitr, Eid ul azha, Eid Milad un Nabi and A shoran) for a time period of eleven years from 2005 to 2015. To find robust results two event windows are used (5days and 12days). The results of this study indicate that Stock prices followed a random pattern and in indicated very few or no significant changes in returns and volatility. So, on the basis of analysis it was concluded that Islamic holidays have impact on stock volatility in Asian emerging markets. | |
| dc.identifier.uri | https://escholar.umt.edu.pk/handle/123456789/4036 | |
| dc.language.iso | en_US | |
| dc.publisher | UMT,Lahore | |
| dc.title | The effect of Islamic holidays on stock returns and volatility in emerging Asian economies. | |
| dc.type | Thesis |
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