February Seasonality — GCC Index Analysis , Seasonality — GCC Market Analytics

How have GCC stock markets performed during previous February's?

The chart below shows the average daily percentage change for each GCC market during each calendar month.

As you can see, February has tended to be a good month for GCC stocks with all markets showing a positive average daily return. In fact, from a historical perspective, February through April has been the strongest part of the year for GCC markets.

Here's hoping this February confirms to historical tendencies.

P.S. It should be noted that we're dealing with a very small data set for this analysis. My data only goes back as far as 2004 for GCC equity markets so there have only been seven prior instances of each calendar month. It's hard to draw any concrete conclusions from such a small data set.

* username: rupertbu