Fasting 'feel-good' factor impacts stock markets

Tuesday, August 10, 2010 - 10:21 in Mathematics & Economics

A new international study investigating the correlation between the Islamic holy month of Ramadan - which begins next week (August 11/12) - and stock markets has discovered that the average stock market returns in predominantly Muslim countries were historically almost nine times higher during Ramadan compared to other months of the lunar calendar.

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