Reaction to News of Oil and Gas Sector Companies in Kuwait
Salam Al-Augby, Sebastian Majewski, KesraNermend, Prof.inz.dr. hab

Abstract
This paper presents the effect of news on the oil and gas sectors onthe Kuwait Stock Exchange (KSE)for 92 days, and 63 trading days, throughout October, November, and December of 2012, choosing the optimum period with the best reaction to the news. Using classical methods,correlation and at-testwere used to measure and verify significance. The resultsshowed thatgood news indicator and bad news indicator indices affected theoretical predictions and led to a significant improvement,compared to the efforts ofprevious researchers in this domain. There were profound implications for future studies of the behavior of Kuwait’s stock markets.

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