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Impact of global health crisis and oil price shocks on stock markets in the GCC.

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.

SUBMITTER: Refai HA

PROVIDER: S-EPMC8856895 | biostudies-literature | 2022 Mar

REPOSITORIES: biostudies-literature

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Impact of global health crisis and oil price shocks on stock markets in the GCC.

Refai Hisham Al HA Zeitun Rami R Eissa Mohamed Abdel-Aziz MA

Finance research letters 20210518

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. ...[more]

PMID: 35221809

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