Interplay of Oil and Gold Prices and the Stock Performance: An Empirical Evidence from KSE - 100 Index, Pakistan
Year: 2025
Type: article
Abstract: This study unravels the link among oil and gold prices on the stock performance in terms of performance of prices of oil firms in the KSE-100. We employ an autoregressive distributed lag (ARDL) framework for the analysis of long-run and short-run association amongst oil and gold prices, oil companies’ stocks prices to analyze the stock market performance for a period from 1998 to 2021. The findings indicate that oil prices have a positive significant effect on the stock market performance, which suggests that a rise in the oil prices improves stock market performance. Conversely, increasing gold prices, inflation and gross capital formation negatively affect stock market and oil companies’ performance.
Authors: Ahmed Sameer, Hidayat Ullah Khan, Javed Anwar
Institution: National University of Modern Languages
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4415387387
FWCI:
Cites:
Cited by:
Related to: