IMPACT OF OIL PRICE FLUCTUATIONS ON RETURNS OF DIFFERENT SECTORS OF MALAYSIAN AND TURKEY STOCK EXCHANGE:
DOI:
https://doi.org/10.53555/eijbms.v2i4.19Keywords:
Malaysia, Turkey, correlation analysis, international oil prices, supply, demaAbstract
In this paper, we are trying to dig out impact of international oil prices on the stock exchange of Malaysia and Turkey. For this purpose, we have taken the time series data of 15 years and apply the correlation analysis to find out the relationship between them were international oil prices are dependent variables and Malaysia and Turkey stock exchange are dependent variables. We have observed that there is negative relationship between them. Our study is trying to show that Last decade witnessed that there were high volatile; it was recorded US$148 per barrel. Due to these prices the supply and demand were affected due to fluctuate in these prices. There are some notable significant events like invasion of iqra verses US.
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