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Last updated on April 18, 2014 at 9:36 EDT

Latest Ahmad Etebari Stories

2010-08-04 01:07:03

During the holy month of Ramadan, which starts next week, stock returns are almost nine times higher in predominately Muslim countries than during other times of the year, an indication that Ramadan positively affects investor psychology and leads to optimistic beliefs that extend to investment decisions, according to research from the University of New Hampshire. The mean annualized return realized by investors during the holy month was 38.09 percent, compared to a rather modest gain of 4.32...