A new research from the University of New Hampshire has found that during the holy month of Ramadan, stock returns are almost nine times higher in predominately Muslim countries than during other times of the year...The mean annualized return earned by investors during the holy month was 38.09 percent, compared to a gain of 4.32 percent throughout the rest of the year, Ahmad Etebari, professor of finance and chair of the UNH Department of Accounting and Finance said.

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Alpha Galileo
Fasting 'feelgood' factor impacts stock markets
http://www.alphagalileo.org/ViewItem.aspx?ItemId=82670&CultureCode=en

Big News Network
Ramadan, an uplifting time for stock markets in Muslim countries
http://feeds.bignewsnetwork.com/?sid=668228

Muslim Voices
How Does The 'Ramadan Effect' Impact Finance?
http://muslimvoices.org/ramadan-effect-impact-finance/

RedOrbit.com, also Eureka! Science News and other online outlets
Start Of Ramadan Could Signal Substantial Stock Gains
http://www.redorbit.com/news/business/1900209/start_of_ramadan_could_signal_substantial_stock_gains/index.html

Religion News Service
Muslims see a Ramadan rally for stocks, investments
http://www.religionnews.com/index.php?/rnstext/comments/muslims_see_a_ramadan_rally_for_stocks_investments/

Reuters, Boston
Markets in Muslim lands rally during Ramadan-study
http://www.reuters.com/article/idUSN0317695120100803

Science Daily
Fasting 'Feelgood' Factor: Holy Month of Ramadan Reduces Volatility in Markets, Research Finds
http://www.sciencedaily.com/releases/2010/08/100810082642.htm

The Economist
When everything slows down
http://www.economist.com/node/16793342

UNH Media Relations
Start of Ramadan Could Signal Substantial Stock Gains
http://www.unh.edu/news/cj_nr/2010/aug/lw03stock.cfm

Voice of America
The Ramadan Effect: Muslim Stock Markets Rally in Month of Fasting
http://www1.voanews.com/english/news/middle-east/The-Ramadan-Effect-Muslim-Stock-Markets-Rally-in-Month-of-Fasting-100055239.html