ISSN 2394-5125
 

Research Article 


THE IMPACT OF CRUDE OIL PRICE SHOCKS ON STOCK PRICES: EVIDENCE FROM THE SERVICE, AGRICULTURE AND MINING INDUSTRIES OF KINGDOM OF SAUDI ARABIA

Mohammed M. Baslom, Shu Tong, Abdullah F. Basiouni.

Abstract
The world economies today are highly termed as carbon and technology-based economies. In fact, the sustenance and expansion of the world economies are heavily dependent on the energy resources such as the crude oil and natural gases. In this paper, we utilized the Markovian method to conduct research on the Kingdom of Saudi Arabia’s (KSA) oil market and its association with the stock prices. The results show that the impact of an increase or decrease in oil prices is immediately reflected in the stock market. The reason is that stock prices could be very sensitive to oil price shocks in oil-exporting countries. The results shed light to help policymakers and to enrich the academic studies about the impact of crude oil prices on capital markets.

Key words: crude oil, price shocks, stock prices, Saudi Arabia, Vision 2030, capital markets.


 
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How to Cite this Article
Pubmed Style

Mohammed M. Baslom, Shu Tong, Abdullah F. Basiouni. THE IMPACT OF CRUDE OIL PRICE SHOCKS ON STOCK PRICES: EVIDENCE FROM THE SERVICE, AGRICULTURE AND MINING INDUSTRIES OF KINGDOM OF SAUDI ARABIA. JCR. 2020; 7(19): 3226-3232. doi:10.31838/jcr.07.19.387


Web Style

Mohammed M. Baslom, Shu Tong, Abdullah F. Basiouni. THE IMPACT OF CRUDE OIL PRICE SHOCKS ON STOCK PRICES: EVIDENCE FROM THE SERVICE, AGRICULTURE AND MINING INDUSTRIES OF KINGDOM OF SAUDI ARABIA. http://www.jcreview.com/?mno=122825 [Access: September 14, 2020]. doi:10.31838/jcr.07.19.387


AMA (American Medical Association) Style

Mohammed M. Baslom, Shu Tong, Abdullah F. Basiouni. THE IMPACT OF CRUDE OIL PRICE SHOCKS ON STOCK PRICES: EVIDENCE FROM THE SERVICE, AGRICULTURE AND MINING INDUSTRIES OF KINGDOM OF SAUDI ARABIA. JCR. 2020; 7(19): 3226-3232. doi:10.31838/jcr.07.19.387



Vancouver/ICMJE Style

Mohammed M. Baslom, Shu Tong, Abdullah F. Basiouni. THE IMPACT OF CRUDE OIL PRICE SHOCKS ON STOCK PRICES: EVIDENCE FROM THE SERVICE, AGRICULTURE AND MINING INDUSTRIES OF KINGDOM OF SAUDI ARABIA. JCR. (2020), [cited September 14, 2020]; 7(19): 3226-3232. doi:10.31838/jcr.07.19.387



Harvard Style

Mohammed M. Baslom, Shu Tong, Abdullah F. Basiouni (2020) THE IMPACT OF CRUDE OIL PRICE SHOCKS ON STOCK PRICES: EVIDENCE FROM THE SERVICE, AGRICULTURE AND MINING INDUSTRIES OF KINGDOM OF SAUDI ARABIA. JCR, 7 (19), 3226-3232. doi:10.31838/jcr.07.19.387



Turabian Style

Mohammed M. Baslom, Shu Tong, Abdullah F. Basiouni. 2020. THE IMPACT OF CRUDE OIL PRICE SHOCKS ON STOCK PRICES: EVIDENCE FROM THE SERVICE, AGRICULTURE AND MINING INDUSTRIES OF KINGDOM OF SAUDI ARABIA. Journal of Critical Reviews, 7 (19), 3226-3232. doi:10.31838/jcr.07.19.387



Chicago Style

Mohammed M. Baslom, Shu Tong, Abdullah F. Basiouni. "THE IMPACT OF CRUDE OIL PRICE SHOCKS ON STOCK PRICES: EVIDENCE FROM THE SERVICE, AGRICULTURE AND MINING INDUSTRIES OF KINGDOM OF SAUDI ARABIA." Journal of Critical Reviews 7 (2020), 3226-3232. doi:10.31838/jcr.07.19.387



MLA (The Modern Language Association) Style

Mohammed M. Baslom, Shu Tong, Abdullah F. Basiouni. "THE IMPACT OF CRUDE OIL PRICE SHOCKS ON STOCK PRICES: EVIDENCE FROM THE SERVICE, AGRICULTURE AND MINING INDUSTRIES OF KINGDOM OF SAUDI ARABIA." Journal of Critical Reviews 7.19 (2020), 3226-3232. Print. doi:10.31838/jcr.07.19.387



APA (American Psychological Association) Style

Mohammed M. Baslom, Shu Tong, Abdullah F. Basiouni (2020) THE IMPACT OF CRUDE OIL PRICE SHOCKS ON STOCK PRICES: EVIDENCE FROM THE SERVICE, AGRICULTURE AND MINING INDUSTRIES OF KINGDOM OF SAUDI ARABIA. Journal of Critical Reviews, 7 (19), 3226-3232. doi:10.31838/jcr.07.19.387