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

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Waqar Hassan
Waqar Hassan
α University of Lahore

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

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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.

References

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Waqar Hassan. 1970. \u201cRelationship between Oil Prices and Stock Market Index: A Case of Pak, India & China\u201d. Global Journal of Management and Business Research - B: Economic & Commerce GJMBR-B Volume 16 (GJMBR Volume 16 Issue B6): .

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Issue Cover
GJMBR Volume 16 Issue B6
Pg. 23- 31
Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

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GJMBR-B Classification: JEL Code: H54
Version of record

v1.2

Issue date

October 22, 2016

Language
en
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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.

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

Waqar Hassan
Waqar Hassan University of Lahore

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