Kuwait Stock Exchange: A re-examination of seasonal anomalies

Humoud Alsabah and Khaled Alsabah

Emerging Markets Review, 2025, vol. 68, issue C

Abstract: 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.

Keywords: Kuwait stock exchange; Seasonal anomalies; Day-of-the-week effect; Holiday effect (search for similar items in EconPapers)
JEL-codes: C22 G14 G15 G41 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ememar:v:68:y:2025:i:c:s1566014125000664

DOI: 10.1016/j.ememar.2025.101317

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