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The theoretical impact of the listing of syariah-approved stocks on stock price and trading volume.

The stock price and trading volume reactions of companies to single events, such as public announcements on mergers, dividend payments, or security issue announcements have been studied extensively. The impact of news about a continuing event such as the news on the inclusion in and exclusion of sto...

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Main Authors: Carl B. , McGowan Jr, Muhammad, Junaina
Format: Article
Language:English
English
Published: Clute Institute 2010
Online Access:http://psasir.upm.edu.my/id/eprint/17353/1/The%20theoretical%20impact%20of%20the%20listing%20of%20syariah.pdf
http://psasir.upm.edu.my/id/eprint/17353/
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spelling my.upm.eprints.173532015-11-02T04:32:12Z http://psasir.upm.edu.my/id/eprint/17353/ The theoretical impact of the listing of syariah-approved stocks on stock price and trading volume. Carl B. , McGowan Jr Muhammad, Junaina The stock price and trading volume reactions of companies to single events, such as public announcements on mergers, dividend payments, or security issue announcements have been studied extensively. The impact of news about a continuing event such as the news on the inclusion in and exclusion of stocks from the KLSE Syariah Index that occurs twice yearly affects security prices and trading volume. This paper examines reasons that price and trading volume of Syariah-approved stocks might react to the inclusion-exclusion exercise. The selection criteria set by the Syariah Advisory Council of Securities Commission of Malaysia in updating the list of the Syariah-approved stocks is not based on the financial soundness alone. Views from Syariah perspective and from financial theories are discussed to support the behavior of the included and excluded stocks from the Kuala Lumpur Syariah Index. Clute Institute 2010-03 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/17353/1/The%20theoretical%20impact%20of%20the%20listing%20of%20syariah.pdf Carl B. , McGowan Jr and Muhammad, Junaina (2010) The theoretical impact of the listing of syariah-approved stocks on stock price and trading volume. International Business and Economic Research Journal, 9 (3). pp. 11-21. ISSN 1535-0754 English
institution Universiti Putra Malaysia
building UPM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Putra Malaysia
content_source UPM Institutional Repository
url_provider http://psasir.upm.edu.my/
language English
English
description The stock price and trading volume reactions of companies to single events, such as public announcements on mergers, dividend payments, or security issue announcements have been studied extensively. The impact of news about a continuing event such as the news on the inclusion in and exclusion of stocks from the KLSE Syariah Index that occurs twice yearly affects security prices and trading volume. This paper examines reasons that price and trading volume of Syariah-approved stocks might react to the inclusion-exclusion exercise. The selection criteria set by the Syariah Advisory Council of Securities Commission of Malaysia in updating the list of the Syariah-approved stocks is not based on the financial soundness alone. Views from Syariah perspective and from financial theories are discussed to support the behavior of the included and excluded stocks from the Kuala Lumpur Syariah Index.
format Article
author Carl B. , McGowan Jr
Muhammad, Junaina
spellingShingle Carl B. , McGowan Jr
Muhammad, Junaina
The theoretical impact of the listing of syariah-approved stocks on stock price and trading volume.
author_facet Carl B. , McGowan Jr
Muhammad, Junaina
author_sort Carl B. , McGowan Jr
title The theoretical impact of the listing of syariah-approved stocks on stock price and trading volume.
title_short The theoretical impact of the listing of syariah-approved stocks on stock price and trading volume.
title_full The theoretical impact of the listing of syariah-approved stocks on stock price and trading volume.
title_fullStr The theoretical impact of the listing of syariah-approved stocks on stock price and trading volume.
title_full_unstemmed The theoretical impact of the listing of syariah-approved stocks on stock price and trading volume.
title_sort theoretical impact of the listing of syariah-approved stocks on stock price and trading volume.
publisher Clute Institute
publishDate 2010
url http://psasir.upm.edu.my/id/eprint/17353/1/The%20theoretical%20impact%20of%20the%20listing%20of%20syariah.pdf
http://psasir.upm.edu.my/id/eprint/17353/
_version_ 1643826490837565440
score 13.211869

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