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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| Format: | Article |
| Language: | English English |
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Clute Institute
2010
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| Online Access: | http://psasir.upm.edu.my/id/eprint/17353/ http://psasir.upm.edu.my/id/eprint/17353/1/The%20theoretical%20impact%20of%20the%20listing%20of%20syariah.pdf |
| _version_ | 1848843218233327616 |
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| author | Carl B. , McGowan Jr Muhammad, Junaina |
| author_facet | Carl B. , McGowan Jr Muhammad, Junaina |
| author_sort | Carl B. , McGowan Jr |
| building | UPM Institutional Repository |
| collection | Online Access |
| 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. |
| first_indexed | 2025-11-15T08:11:32Z |
| format | Article |
| id | upm-17353 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| language | English English |
| last_indexed | 2025-11-15T08:11:32Z |
| publishDate | 2010 |
| publisher | Clute Institute |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-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 Stock exchanges - Religious aspects - Islam. English |
| spellingShingle | Stock exchanges - Religious aspects - Islam. Carl B. , McGowan Jr Muhammad, Junaina The theoretical impact of the listing of syariah-approved stocks on stock price and trading volume. |
| title | 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_short | 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. |
| topic | Stock exchanges - Religious aspects - Islam. |
| url | http://psasir.upm.edu.my/id/eprint/17353/ http://psasir.upm.edu.my/id/eprint/17353/1/The%20theoretical%20impact%20of%20the%20listing%20of%20syariah.pdf |