scholarly journals Investigating the Asymmetric Impact of Oil Prices on GCC Stock Markets

2020 ◽  
Author(s):  
Nidhaleddine Ben Cheikh ◽  
Sami Ben Naceur ◽  
Oussama Kanaan ◽  
Christophe Rault
Keyword(s):  
Stock Markets ◽  
Oil Prices ◽  
Asymmetric Impact

scholarly journals Investigating the Asymmetric Impact of Oil Prices on GCC Stock Markets

2021 ◽  
pp. 105589
Author(s):  
Nidhaleddine Ben Cheikh ◽  
Sami Ben Naceur ◽  
Oussama Kanaan ◽  
Christophe Rault
Keyword(s):  
Stock Markets ◽  
Oil Prices ◽  
Asymmetric Impact

scholarly journals WTI OIL SHOCKS IN EASTERN EUROPEAN STOCK MARKETS: A VAR APPROACH

2021 ◽  
Author(s):  
Rui Dias ◽  
◽  
Hortense Santos ◽  
Paula Heliodoro ◽  
Cristina Vasco ◽  
...  
Keyword(s):  
Stock Markets ◽  
Oil Prices ◽  
Oil Price ◽  
Portfolio Diversification ◽  
Oil Shocks ◽  
Eastern European ◽  
Safe Haven ◽  
Wald Tests ◽  
Stock Indices ◽  
European Stock Markets

The 2020 Russia-Saudi Oil Price War was an economic war triggered in March 2020 by Saudi Arabia in response to Russia’s refusal to reduce oil production to keep oil prices at a moderate level. In view of these events, this study aims to analyze oil shocks (WTI) in the eastern European stock markets, namely the stock indices of Hungary (BUX), Croatia (CROBE), Russia (MOEX), Czech Republic (PRAGUE), Slovakia (SAX 16), Slovenia (SBI TOP), Bulgaria (SOFIX), from September 2019 to January 2021. The results show mostly structural breakdowns in March 2020, while the VAR Granger Causality/Block Exogeneity Wald Tests model shows two-way shocks between oil (WTI) and the stock markets analyzed. These findings show that the hypothesis of portfolio diversification may be called into question. As a final discussion, we consider that investors should avoid investments in stock markets, at least as long as this pandemic last, and rebalance their portfolios into assets considered “safe haven” for the purpose of mitigating risk and improving the efficiency of their portfolios.

scholarly journals A Note on ‘What Drives Share Prices in the Middle East?’

2008 ◽  
Author(s):  
Panos Priftakis ◽  
M. Ishaq Bhatti
Keyword(s):  
Middle East ◽  
Stock Market ◽  
Stock Returns ◽  
Stock Markets ◽  
Predictive Ability ◽  
Oil Prices ◽  
Unobserved Components ◽  
Market Prices ◽  
Share Prices ◽  
Unobserved Components Model

There are several hypotheses suggesting that some properties of oil prices make it interesting to focus on the predictive ability of oil prices for stock returns. This paper reviews some models recently used in the literature and selects the most suitable one for measuring the relationships and/or linkages of oil prices to the stock markets of the selected five oil producing countries in the Middle East. In particular, the paper uses two methodologies to test for the presence of a cointegrating relationship between the two variables and an unobserved components model to find a relationship between the two variables. The results rejects convincingly that there is no linkage between the prices of oil and the stock market prices in these oil-based economies.  

Linking crude oil prices and Middle East stock markets

2019 ◽  
Vol 43 (2) ◽  
pp. 136-167 ◽  
Author(s):  
Mousa Tawfeeq ◽  
Alan R. Collins ◽  
Levan Elbakidze ◽  
Gulnara Zaynutdinova
Keyword(s):  
Middle East ◽  
Crude Oil ◽  
Stock Markets ◽  
Oil Prices ◽  
Crude Oil Prices

scholarly journals Asymmetric impact of oil prices on stock returns in Shanghai stock exchange: Evidence from asymmetric ARDL model

PLoS ONE ◽  
2019 ◽  
Vol 14 (6) ◽  
pp. e0218289 ◽  
Author(s):  
Muhammad Kamran Khan ◽  
Jian-Zhou Teng ◽  
Muhammad Imran Khan
Keyword(s):  
Stock Returns ◽  
Stock Exchange ◽  
Oil Prices ◽  
Ardl Model ◽  
Asymmetric Impact
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