The Impact of Trading Volume on Stock Price Volatility in the Arab Economy PDF Download
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Author: Nidal Rashid Sabri
Publisher:
ISBN:
Category :
Languages : en
Pages : 11
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Book Description
This study intends to examine the price-volume movements in the Arab stock markets, in order to determine the impact of changes in trade volume on the volatility of stock prices as expressed by the unified MAF stock price index. The research covers a sample of eight out of the fifteen Arab stock markets included in the Arab Monetary Fund database, using monthly data from 1994 to 2006. The study found that there is an increasing in both trading volume and stock price volatility, which may be considered as a recent phenomenon in the majority of the Arab stock markets. The study also found that the volume-stock price movements are significantly integrated for all selected markets, while the highest correlation coefficient between volume and stock price movement was found in Saudi stock market, Amman stock market, Muscat stock market and Kuwait stock market respectively. Finally, the correlation between volume and prices movement is higher in the stock markets of the oil Arab states compared to the non-oil Arab states.
Author: Nidal Rashid Sabri
Publisher:
ISBN:
Category :
Languages : en
Pages : 11
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Book Description
This study intends to examine the price-volume movements in the Arab stock markets, in order to determine the impact of changes in trade volume on the volatility of stock prices as expressed by the unified MAF stock price index. The research covers a sample of eight out of the fifteen Arab stock markets included in the Arab Monetary Fund database, using monthly data from 1994 to 2006. The study found that there is an increasing in both trading volume and stock price volatility, which may be considered as a recent phenomenon in the majority of the Arab stock markets. The study also found that the volume-stock price movements are significantly integrated for all selected markets, while the highest correlation coefficient between volume and stock price movement was found in Saudi stock market, Amman stock market, Muscat stock market and Kuwait stock market respectively. Finally, the correlation between volume and prices movement is higher in the stock markets of the oil Arab states compared to the non-oil Arab states.
Author: Mariam Khaled Hasseeb
Publisher:
ISBN:
Category : Arab countries
Languages : en
Pages : 86
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Book Description
Abstract: In this paper, the macroeconomic determinant of stock market performance represented in stock market capitalization in 15 markets in the Arab world are assessed. The analysis is based on panel data techniques from 1995 to 2014. Furthermore, differentiation between Arab countries according to their affiliation to the Gulf Cooperation Council (GCC) and according to their classification as oil vs. non-oil economies is explored, In addition to traditional variables, an institutional variable and remittances are included among the regressors. The results were that domestic credit, GDP, economic freedom and net remittances have negative effect on stock market capitalization. On the other hand, investment, stocks traded and inflation have a positive effect. Upon classifying the sample to oil vs. non-oil economies, domestic credit lost significance, GDP, economic freedom and net remittances have a negative effect in oil economies and a positive effect in non-oil economies. Inflation has a positive effect in oil economies and a negative effect in non-oil ones. Furthermore, classifying the sample to GCC vs. non-GCC countries, GDP has a negative effect on both. Stocks traded and investment have a positive effect on both. Domestic credit, net remittances and inflation have a negative effect in GCC countries and a positive one in non-GCC countries.
Author: Ahsan Mansur
Publisher: Palgrave MacMillan
ISBN:
Category : Business & Economics
Languages : en
Pages : 242
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Book Description
"This book provides an analysis of the structural strengths and weaknesses of the Gulf stock markets and the appropriateness of policies implemented. It examines the effect of the 2006 correction on financial stability and economic growth and explains the differences in performance of some regional markets. This research integrates for the first time under a homogenous methodology the systematic analysis of all stock markets in the Gulf, identifies common trends and causes for differential behaviour and constitutes a key contribution toward the understanding of the functioning of the Gulf stock exchanges by domestic and foreign investors."--BOOK JACKET.
Author: Niḍāl Rashīd Ṣabrī
Publisher: Nova Publishers
ISBN: 9781604561371
Category : Business & Economics
Languages : en
Pages : 192
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Book Description
This book aims to trace and point out the recent developments occurred in the Arab Economy in the last two decades, including trends toward integration, liberalisation, and globalisation. This book indicates the most recent changes in the Arab Financial Institutions including banks, insurance companies, pension funds and other financial institutions. There is also the discussion of issues in market stability and efficiency in the light of new Arab environment of stock trading. This book is a comprehensive text covering the Arab Financial Sector.
Author: Jean-Paul Chavas
Publisher: University of Chicago Press
ISBN: 022612892X
Category : Business & Economics
Languages : en
Pages : 394
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Book Description
"The conference was organized by the three editors of this book and took place on August 15-16, 2012 in Seattle."--Preface.
Author: Seungho Jung
Publisher: International Monetary Fund
ISBN: 1557759677
Category : Business & Economics
Languages : en
Pages : 36
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Book Description
We investigate how corporate stock returns respond to geopolitical risk in the case of South Korea, which has experienced large and unpredictable geopolitical swings that originate from North Korea. To do so, a monthly index of geopolitical risk from North Korea (the GPRNK index) is constructed using automated keyword searches in South Korean media. The GPRNK index, designed to capture both upside and downside risk, corroborates that geopolitical risk sharply increases with the occurrence of nuclear tests, missile launches, or military confrontations, and decreases significantly around the times of summit meetings or multilateral talks. Using firm-level data, we find that heightened geopolitical risk reduces stock returns, and that the reductions in stock returns are greater especially for large firms, firms with a higher share of domestic investors, and for firms with a higher ratio of fixed assets to total assets. These results suggest that international portfolio diversification and investment irreversibility are important channels through which geopolitical risk affects stock returns.
Author: Mr.Julan Du
Publisher: International Monetary Fund
ISBN: 1451847130
Category : Business & Economics
Languages : en
Pages : 43
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Book Description
This paper studies the role of insider trading in explaining cross-country differences in stock market volatility. The central finding is that countries with more prevalent insider trading have more volatile stock markets, even after one controls for liquidity/maturity of the market and the volatility of the underlying fundamentals (volatility of real output and of monetary and fiscal policies). Moreover, the effect of insider trading is quantitively significant when compared with the effect of economic fundamentals.
Author: Central Intelligence Agency
Publisher: Simon and Schuster
ISBN: 1628731818
Category : Reference
Languages : en
Pages : 2796
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Book Description
From Afghanistan to Zimbabwe, The CIA World Factbook 2012 offers complete and up-to-date information on the world’s nations. This comprehensive guide is packed with detailed information on the politics, populations, military expenditures, and economics of 2012. For each country, The CIA World Factbook 2012 includes: Detailed maps with new geopolitical data Statistics on the population of each country, with details on literacy rates, HIV prevalence, and age structure New data on military expenditures and capabilities Information on each country’s climate and natural hazards Details on prominent political parties, and contact information for diplomatic consultation Facts on transportation and communication infrastructure And much more! Also included are appendixes with useful abbreviations, international environmental agreements, international organizations and groups, weight and measure conversions, and more. Originally intended for use by government officials, this is a must-have resource for students, travelers, journalists, and business people with a desire to know more about their world.
Author: Martin Petri
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 42
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Book Description
We analyze the performance of the Amman Stock Exchange (ASE) and its integration with other markets. Using cointegration techniques, we find that the ASE and other Arab stock markets are cointegrated, which implies little long-run risk diversification. However, there is no cointegrating relationship between the ASE and other emerging or developed stock markets. Two of the main regional stock markets-Kuwait and Saudi Arabia-Grangercause the Jordanian stock market. The paper finds that there may have been some overvaluation at end-2005, but that the market correction in early 2006 and strong recent earnings growth have reduced overvaluation concerns.
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1498330282
Category : Business & Economics
Languages : en
Pages : 132
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Book Description
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