http://dx.doi.org/10.31703/gmsr.2025(X-III).10
10.31703/gmsr.2025(X-III).10
Published : Sep 2025
Interplay of Oil and Gold Prices and the Stock Performance: An Empirical Evidence from KSE - 100 Index, Pakistan
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.
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Oil Prices, Gold Prices, Stock Exchange Performance, KSE-100, Pakistan
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(1) Ahmed Sameer
MS Scholar, Department of Management Science, Faculty of Management Sciences, National University of Modern Languages (NUML), Islamabad, Pakistan.
(2) Hidayat Ullah Khan
Associate Professor, Department of Economics, Faculty of Management Sciences, National University of Modern Languages (NUML), Islamabad, Pakistan.
(3) Javed Anwar
Lecturer, Department of Economics, Faculty of Management Sciences, National University of Modern Languages (NUML), Islamabad, Pakistan.
Cite this article
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APA : Sameer, A., Khan, H. U., & Anwar, J. (2025). Interplay of Oil and Gold Prices and the Stock Performance: An Empirical Evidence from KSE - 100 Index, Pakistan. Global Management Sciences Review, X(III), 104-113. https://doi.org/10.31703/gmsr.2025(X-III).10
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CHICAGO : Sameer, Ahmed, Hidayat Ullah Khan, and Javed Anwar. 2025. "Interplay of Oil and Gold Prices and the Stock Performance: An Empirical Evidence from KSE - 100 Index, Pakistan." Global Management Sciences Review, X (III): 104-113 doi: 10.31703/gmsr.2025(X-III).10
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HARVARD : SAMEER, A., KHAN, H. U. & ANWAR, J. 2025. Interplay of Oil and Gold Prices and the Stock Performance: An Empirical Evidence from KSE - 100 Index, Pakistan. Global Management Sciences Review, X, 104-113.
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MHRA : Sameer, Ahmed, Hidayat Ullah Khan, and Javed Anwar. 2025. "Interplay of Oil and Gold Prices and the Stock Performance: An Empirical Evidence from KSE - 100 Index, Pakistan." Global Management Sciences Review, X: 104-113
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MLA : Sameer, Ahmed, Hidayat Ullah Khan, and Javed Anwar. "Interplay of Oil and Gold Prices and the Stock Performance: An Empirical Evidence from KSE - 100 Index, Pakistan." Global Management Sciences Review, X.III (2025): 104-113 Print.
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OXFORD : Sameer, Ahmed, Khan, Hidayat Ullah, and Anwar, Javed (2025), "Interplay of Oil and Gold Prices and the Stock Performance: An Empirical Evidence from KSE - 100 Index, Pakistan", Global Management Sciences Review, X (III), 104-113
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TURABIAN : Sameer, Ahmed, Hidayat Ullah Khan, and Javed Anwar. "Interplay of Oil and Gold Prices and the Stock Performance: An Empirical Evidence from KSE - 100 Index, Pakistan." Global Management Sciences Review X, no. III (2025): 104-113. https://doi.org/10.31703/gmsr.2025(X-III).10