Pre-holiday Returns in Jordan (Research Note)

Samer Al-Rjoub

Abstract


On the trading day prior to holidays, stock returns show high mean returns averaging. When holidays are classified, only the conditional pre-holidays returns for New Year’s Day, Eid AL-Adha, and the Election Day show significant results. The mean average return for pre-Eid AL-Adha day is the highest then the New Year’s Day, then the Election Day. The Short Term Trading Strategy using this pre-holiday effect can provide excellent results.

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