PSX runs on a calendar — budget positioning, Ramadan flows, results seasons. ZEME measured 10 years of it, stock by stock. Every number below: average return for that window across ~10 years, and how often it was positive.
Method. Month-end to month-end close returns, 2016–2026, liquid stocks only (≥10K avg volume). Ramadan is mapped to the Gregorian month containing most of it, per year. Only stocks with ≥60% win rate are shown in playbooks. Past patterns don't guarantee future results — this is context for timing, not a buy list.