20.08.2012 - The economics of Ramadan
The reduced energy levels - and working hours - of the month of fasting affects the stock markets. Strangely though, the effect of losing 20 hours worth of trading time on the Egyptian stock market is minimal, if anything. Using data from the benchmark EGX30 index which looks at the top 30 companies in terms of liquidity and activity - between the years 2000-2006 there is absolutely no correlation between the typical monthly percentage change in stock value and the percentage change in the month of Ramadan, but it does seem to suggest that the reduced trading times has increased the markets volatility...............................................Full Article: Source
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