Relationship between Oil Prices and Stock Market Index: A Case of Pak, India

Authors

  • Waqar Hassan

Keywords:

oil prices, emerging market, stock market index, stock market return

Abstract

Cost of oil affects the profit and loss of the organization as oil is immediate or circuitous expense of operation. In this way, the ascent in crude oil costs will be relied upon to bring about the decline in income, which brought about a decrease of prompt stock market index. The goal of the examination is to get precise answers of exploration inquiries said in particular settings of Pakistan, India and China. This paper utilized regression, Durbin Watson test and correlation analysis to discover the answers of exploration inquiries and goals. The time of study is 21 years (From Jan 1995 to June 2015 on the bases of month to month variations) of dependent and predictor variables. It could be seen that the model is superbly fitted to the regression. In all instances of these three stock trades there is sure relationship between oil costs and stock exchange 100 index.

How to Cite

Waqar Hassan. (2016). Relationship between Oil Prices and Stock Market Index: A Case of Pak, India . Global Journal of Management and Business Research, 16(B6), 23–31. Retrieved from https://journalofbusiness.org/index.php/GJMBR/article/view/2105

Relationship between Oil Prices and Stock Market Index: A Case of Pak, India

Published

2016-03-15