Impact of inclusion into and exclusion from the Shariah index on a stock price and Trading Volume: Event study approach

• Main Authors: Kassim, Nawal Seif, Ramlee, Roslily, Kassim, Salina
• Format: Article
• Language: English
• Published: Econjournals 2017
• Subjects: H Social Sciences (General); HG Finance; HG3368 Islamic Banking and Finance; HG4501 Stocks, investment, speculation
• Online Access: http://irep.iium.edu.my/60123/1/007%20Nawal%20IJEFI.pdf; http://irep.iium.edu.my/60123/; https://www.econjournals.com/index.php/ijefi/article/view/3297/pdf

Does the inclusion or exclusion from the Shariah index have any effect on the performance of a stock? This study aims to examine the impact of stock inclusion (or exclusion) on the stock prices and trading volume of the firms. Based on the case of selected stocks in Bursa Malaysia, our sample consis...