Short-Term Contrarian Profits in the Kuwait Stock Market

International Journal of Business and Management, 2015

12 Pages Posted: 2 Nov 2015

Date Written: September 9, 2014

Abstract

This paper examines whether there is an existence of a short-term contrarian profits at the firms in Kuwait Stock Exchange (KSX). The role of return seasonality is also investigated. This article documents strong evidence for the short-term contrarian strategy in the Kuwait stock exchange. The result of this study finds that the short-term contrarian profits for the Kuwait firm market cannot be explained by January effect. Finally, this paper shows a strong symmetry between the winner and loser portfolios.

Keywords: Kuwait Stock Exchange (KSX), short-term contrarian.

Suggested Citation

Gharaibeh, Omar Khlaif, Short-Term Contrarian Profits in the Kuwait Stock Market (September 9, 2014). International Journal of Business and Management, 2015. Available at SSRN: https://ssrn.com/abstract=2684981

Omar Khlaif Gharaibeh (Contact Author)

Al Albayt University ( email )

AL-Hashemia
Ajloun, 00962
Jordan

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