Download or read book Oil Price and Stock Market Index, the Case of GCC Countries written by Mazen Mardini and published by . This book was released on 2013 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: This research investigates the existence long-run relationships between oil prices and stock market indices in five GCC country implementing panel co-integration techniques and Seemingly Unrelated regression (SUR) methods, using two different (weekly and monthly) datasets covering respectively the periods from 3 June 2005 to 18 November 2011 and from August 2004 to October 2011. The investigation shows that there is evidence for Co-integration of oil prices and stock markets in our two (weekly and monthly) datasets. while the SUR results indicate on a weekly basis, we found that oil price increases have a positive impact on stock prices of Kuwait, Oman and Qatar, and have a negative impact on stock prices of Bahrain and UAE whereas, on monthly basis we found that oil price increases have a positive impact on stock prices of Bahrain, Kuwait, Oman and Qatar, and have a negative impact on stock prices of UAE.