Profitability of Expectation Based on Trading Rules: A Study on Kuwait Stock Market

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Profitability of Expectation Based on Trading Rules: A Study on Kuwait Stock Market

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dc.contributor.author Al Omar, Husain en_US
dc.contributor.author Al-Muraikhi, Husain F. en_US
dc.date.accessioned 2009-11-25T12:41:23Z
dc.date.available 2009-11-25T12:41:23Z
dc.date.issued 2008 en_US
dc.identifier.citation Studies of Business and Economics, 2008, Vol. 14, No. 2, Pages 65-75. en_US
dc.identifier.uri http://hdl.handle.net/10576/6844
dc.description.abstract This paper provides empirical evidence on the profitability of the alternative expectation formation mechanisms in the case of Kuwait Stock Exchange as an example of an emerging market. The results indicate that both extrapolative and adaptive expectations are profitable while regressive expectations are not. In addition, the results imply that extrapolative expectations are more profitable than adaptive. An important conclusion of this paper is that the market suffers form inefficiency since future trend of the market can be predicted from its past performance, a phenomenon shared by emerging markets. en_US
dc.language.iso en en_US
dc.publisher Qatar University en_US
dc.subject Kuwait Stock Market en_US
dc.title Profitability of Expectation Based on Trading Rules: A Study on Kuwait Stock Market en_US
dc.type Article en_US
dc.identifier.pagination 65-75 en_US
dc.identifier.issue 2 en_US
dc.identifier.volume 14 en_US

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