Islamic Calendar Anomalies: Pakistani Practitioners' Perspective

Halari, Anwar; Helliar, Christine; Power, David and Tantisantiwong, Nongnuch (2018). Islamic Calendar Anomalies: Pakistani Practitioners' Perspective. Qualitative Research in Financial Markets, 10(1) pp. 71–84.



Studies on Islamic calendar anomalies in financial markets tend to apply quantitative analysis to historic share prices. Surprisingly, there is a lack of research investigating whether the participants of such markets are aware of these anomalies and whether these anomalies affect their investment practice. Or is it a case that these practitioners are completely unaware of the anomalies present in these markets and are missing out on profitable opportunities? The purpose of this paper is to analyse the views of influential participants within the Pakistani stock market.

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