Ariss, Rima Turk; Rezvanian, Rasoul; Mehdian, Seyed M. - In: Emerging Markets Review 12 (2011) 3, pp. 293-307
We examine calendar anomalies in Gulf Cooperation Council (GCC) stock markets and document a Friday-type effect that occurs on the last trading day of the week and which we call "Wednesday effect", since Wednesday is the last day before the weekend in the leading market for the region. This...