On 30 th June 2020, Attock Petroleum Limited published their annual earnings report which resulted in an increased stock price. On 1 st July, 2020, Mr Saeed an investor earned abnormal profits while beating the other traders in the market. Considering that financial markets were weak form efficient, in your opinion, according to Efficient Market Hypothesis; if no investor can beat the market or create an arbitrage then how Mr Saeed did it?

Justify your answer.