Open Access and Peer-reviewed
Home Journal Issues Guide for Authors Editorial Board Aims & Scope About Journal News & Announcements


Research Article 


Month Of The Year Effect In The GCC Stock Markets

Bassam A. Elbialy, Ahmed M. Farhan, Yasser S. Hussein, Elsayed K. Mohamed, Kholoud A. Alsaab, Mayes R. Gharaibeh.

Abstract
We tested the effect of the month of the year on the average monthly returns of the Gulf Cooperation Council stock marketsover the period 2004-2019 using the Kruskal-Wallis and Chi-Square tests.Our results on the level of the GCC markets as a whole indicated a significant impact for the month of the year, as the rate of return increased to the highest level in April and the rate of return decreased to the lowest level in November.As for each country in the Gulf Cooperation Council, the impact of the month of the year was significant only in the markets of Dubai and Abu Dhabi, where the rate of return of the Dubai market reached its highest level in the month of February. Regarding the return of the Abu Dhabi market, it reached its highest level in the month of April, while the return of the two markets together reached its lowest level in November.

Key words: Stock market anomalies, emerging stock markets, monthly effect in stock returns, GCC stock markets


 
ARTICLE TOOLS
Abstract
PDF Fulltext
How to cite this articleHow to cite this article
Citation Tools
Related Records
 Articles by Bassam A. Elbialy
Articles by Ahmed M. Farhan
Articles by Yasser S. Hussein
Articles by Elsayed K. Mohamed
Articles by Kholoud A. Alsaab
Articles by Mayes R. Gharaibeh
on Google
on Google Scholar


How to Cite this Article
Pubmed Style

Bassam A. Elbialy, Ahmed M. Farhan, Yasser S. Hussein, Elsayed K. Mohamed, Kholoud A. Alsaab, Mayes R. Gharaibeh. Month Of The Year Effect In The GCC Stock Markets. EEO. 2021; 20(6): 1366-1378. doi:10.17051/ilkonline.2021.06.140


Web Style

Bassam A. Elbialy, Ahmed M. Farhan, Yasser S. Hussein, Elsayed K. Mohamed, Kholoud A. Alsaab, Mayes R. Gharaibeh. Month Of The Year Effect In The GCC Stock Markets. http://ilkogretim-online.org//?mno=133367 [Access: October 18, 2021]. doi:10.17051/ilkonline.2021.06.140


AMA (American Medical Association) Style

Bassam A. Elbialy, Ahmed M. Farhan, Yasser S. Hussein, Elsayed K. Mohamed, Kholoud A. Alsaab, Mayes R. Gharaibeh. Month Of The Year Effect In The GCC Stock Markets. EEO. 2021; 20(6): 1366-1378. doi:10.17051/ilkonline.2021.06.140



Vancouver/ICMJE Style

Bassam A. Elbialy, Ahmed M. Farhan, Yasser S. Hussein, Elsayed K. Mohamed, Kholoud A. Alsaab, Mayes R. Gharaibeh. Month Of The Year Effect In The GCC Stock Markets. EEO. (2021), [cited October 18, 2021]; 20(6): 1366-1378. doi:10.17051/ilkonline.2021.06.140



Harvard Style

Bassam A. Elbialy, Ahmed M. Farhan, Yasser S. Hussein, Elsayed K. Mohamed, Kholoud A. Alsaab, Mayes R. Gharaibeh (2021) Month Of The Year Effect In The GCC Stock Markets. EEO, 20 (6), 1366-1378. doi:10.17051/ilkonline.2021.06.140



Turabian Style

Bassam A. Elbialy, Ahmed M. Farhan, Yasser S. Hussein, Elsayed K. Mohamed, Kholoud A. Alsaab, Mayes R. Gharaibeh. 2021. Month Of The Year Effect In The GCC Stock Markets. Elementary Education Online, 20 (6), 1366-1378. doi:10.17051/ilkonline.2021.06.140



Chicago Style

Bassam A. Elbialy, Ahmed M. Farhan, Yasser S. Hussein, Elsayed K. Mohamed, Kholoud A. Alsaab, Mayes R. Gharaibeh. "Month Of The Year Effect In The GCC Stock Markets." Elementary Education Online 20 (2021), 1366-1378. doi:10.17051/ilkonline.2021.06.140



MLA (The Modern Language Association) Style

Bassam A. Elbialy, Ahmed M. Farhan, Yasser S. Hussein, Elsayed K. Mohamed, Kholoud A. Alsaab, Mayes R. Gharaibeh. "Month Of The Year Effect In The GCC Stock Markets." Elementary Education Online 20.6 (2021), 1366-1378. Print. doi:10.17051/ilkonline.2021.06.140



APA (American Psychological Association) Style

Bassam A. Elbialy, Ahmed M. Farhan, Yasser S. Hussein, Elsayed K. Mohamed, Kholoud A. Alsaab, Mayes R. Gharaibeh (2021) Month Of The Year Effect In The GCC Stock Markets. Elementary Education Online, 20 (6), 1366-1378. doi:10.17051/ilkonline.2021.06.140








AUTHOR LOGIN

REVIEWER LOGIN

Indexed
&
Abstracted


Indexing

İlköğretim Online (IOO) - Elementary Education Online (EEO) is indexed in:


ABOUT JOURNAL
POLICIES
STATEMENTS