This study intends to find the impact of political events on stock return of Palestine Securities Exchange returns (Al-Quds Index). A total of Twenty Seven Political events have been considered between (1997-2016), political events divided into two groups i.e. favorable and unfavorable political events. The impact is checked for favorable and unfavorable political events for 1 day, 5 days, 10 days, 15 days and 20 days, events windows. Favorable and unfavorable political events show no impact on stock returns using 1 day, 5 days, 10 days, 20 days event windows; Regression model indicates that there is no significant impact of the political events on the Index returns. Moreover, analysis can be done on the industry level to separately inspect separately the impact of these events on individual stock or on portfolios.
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To cite this article: Qubbaja, A., Omar, S.A. (2019). The Impact of Political Events on Palestine Securities Exchange Returns: An Empirical Study between (1997-2016), International Journal of Academic Research in Accounting, Finance and Management Sciences 9 (3): 287-294
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