Seasonality and volatility of the Saudi stock market
Fahad Sayyaf Alsharari
Email: fa-f111@hotmail.com
Abstract
This review examined the seasonality and volatility of the Saudi stock market led by Tadawul. Due to low market efficiency, predictive models and frameworks have limited validity. Seasonality and volatility due to Islamic festivals are prominent in all Islamic nations, and Saudi Arabia is no exception. There is a distinct effect of trade closing day (Wednesday) of Tadawul on volatility. Other factors largely tend to influence these effects. Many more aspects of seasonality and volatility of the Saudi stock market are yet to be uncovered by research.