Oil Prices & Stock Market: Evidence from KSE & BSE
[1]
Khuram Shafi, School of Management, HuaZhong University of Science and Technology, Wuhan, China.
[2]
Liu Hua, School of Management, HuaZhong University of Science and Technology, Wuhan, China.
[3]
Zahra Idrees, School of Management, HuaZhong University of Science and Technology, Wuhan, China.
[4]
Amna Nazeer, Schools of Statistics and Mathematics, HuaZhong University of Science and Technology, Wuhan, China.
Oil prices are changing day to day depending upon different factors that force it to fluctuate. Oil prices have a very devastating effect on every field of life .oil prices effects differently depending upon the nature of users. This paper is going to study the impact of oil price fluctuations on the stock market of some of the Asian countries. Asian countries are sub segmented into oil importing countries and exporting countries each of which effects differently on the oil price change. The significance of the study is that there should be a clear distinction between all of the countries that oil prices effects differently to different countries. It is important to have an effect of different countries separately on the oil price changes instead of having on some of the specific country we cannot derive any conclusion regarding that if one country in being affected at certain level than how come the other country could also be affected at the same level, Oil prices have a negative effect on the stock market of oil importing countries and a positive effect on the stock market of oil exporting countries. The reasons have been discussed in the paper.
Oil Prices, Karachi Stock Market, Bombay Stock Market
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