Document
Impact of global health crisis and oil price shocks on stock markets in the GCC.
Identifier
DOI: 10.1016/j.frl.2021.102130
Source
Finance Research Letters. v. 45, 102130
Contributors
Zeitun, Rami., Author
Eissa, Mohamed Abdel-Aziz., Author
Country
Netherlands.
Publisher
Elsevier Ltd.
Gregorian
2022-03-01
Language
English
Subject
English abstract
This study examines the impact of global COVID-19 cases and oil price shocks on the stock markets in the GCC. Using the Kalman filter to generate the unexpected oil price shocks, we find that, with the exception of Oman, the GCC markets responded to positive and negative oil price shocks before and during the pandemic, with impacts of higher magnitude since March 11, 2020. We also find that the spread of global COVID-19 cases had in itself no meaningful impact on the GCC stock markets.
ISSN
1544-6123
Category
Journal articles