科威特证券交易所：季节性异常的重新检查

IF 5.6 2区经济学 Q1 BUSINESS, FINANCE

Emerging Markets Review Pub Date : 2025-06-26 DOI:10.1016/j.ememar.2025.101317

Humoud Alsabah , Khaled Alsabah

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引用次数: 0

摘要

本研究考察了资本市场管理局成立后，2012年至2023年科威特证券交易所市场的季节性异常情况。我们的发现揭示了既定模式的重大转变。值得注意的是，我们在一周的第三和第四个交易日观察到更高的回报，一月份的回报大幅增加。该研究有助于理解市场行为，强调监管变化和市场演变对交易模式的影响。此外，我们的研究结果为基金经理和投资者提供了可操作的见解，表明将投资策略与这些新模式相结合可能会带来最佳回报。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Kuwait Stock Exchange: A re-examination of seasonal anomalies

This study examines seasonal anomalies in Kuwait’s stock exchange market from 2012 to 2023, following the establishment of the Capital Markets Authority. Our findings reveal significant shifts in established patterns. Notably, we observe higher returns on the third and fourth trading days of the week and a substantial increase in January returns. This research contributes to understanding market behavior, emphasizing the impact of regulatory changes and market evolution on trading patterns. Additionally, our findings provide actionable insights for fund managers and investors, suggesting that aligning investment strategies with these new patterns could lead to optimized returns.

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来源期刊

Emerging Markets Review Multiple-

CiteScore

7.10

自引率

4.20%

发文量

审稿时长

100 days

期刊介绍： The intent of the editors is to consolidate Emerging Markets Review as the premier vehicle for publishing high impact empirical and theoretical studies in emerging markets finance. Preference will be given to comparative studies that take global and regional perspectives, detailed single country studies that address critical policy issues and have significant global and regional implications, and papers that address the interactions of national and international financial architecture. We especially welcome papers that take institutional as well as financial perspectives.