'Start of Ramadan could signal substantial stock gains'

Discussion in 'Psychology' started by Wallace, Aug 11, 2010.

  1. "During the holy month of Ramadan, which starts next week, stock returns are
    almost nine times higher in predominately Muslim countries than during other
    times of the year, an indication that Ramadan positively affects investor psychology
    and leads to optimistic beliefs that extend to investment decisions, according to
    research from the University of New Hampshire.
    The mean annualized return realized by investors during the holy month was 38.09
    percent, compared to a rather modest gain of 4.32 percent throughout the rest of
    he year, according to Ahmad Etebari, professor of finance and chair of the UNH
    Department of Accounting and Finance."
  2. exaltedangel09

    exaltedangel09 Guest

    too bad there's no etfs that track pakistan, or saudi arabia.