Impact of Anomalies in Form of Islamic Calendar Date (Eid-Ul-Fitr) of Trading Values on The KSE Stock Prices

Abstract

The research paper examined the effect of anomalies in the form of Islamic calendar
date (Eid Ul Fitr). The study has taken five random companies from KSE 30-index with
time series data for time period of 2002-2011. The tools of measurement that were
adopted in the study consist of multiple regression model and correlation model to check
the relationship between independent and dependent variables. The study concluded
that in most cases there is a negative relationship between the trading value and the
stock prices and mostly found insignificant.