The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Eid Al-Fitr marks the end of Ramadan, the Islamic holy month of fasting. It is a major public holiday in Islamic countries, resulting in the closure of banks and financial markets for several days. This period often sees a decrease in trading activity within the Islamic world, affecting regional indices and currency pairs involving the Saudi Riyal or UAE Dirham. International investors often adjust their positions in regional assets ahead of this extended break.
The holiday begins on the first day of the month of Shawwal in the Islamic calendar, following the completion of Ramadan. The date shifts approximately 10-11 days earlier each year in the Gregorian calendar.
No historical data available