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2013•IOSR Journal of Business and ManagementOpen access

The impact of oil prices on stock exchange and CPI in Pakistan

Ibraheem Ansar Ibraheem Ansar

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Abstract

The oil is one of the most important factors affecting the economy of the world that is why any change in the oil prices brings change in all the economic variables.For this purpose the researcher have analyzed the impact of oil prices on the Consumer Price Index (CPI) and Stock market (KSE-100 Index), For this purpose the researcher collected the data from secondary sources on CPI and KSE-100 Index from 2007 to 2012.To analyze the impact of the oil prices the researchers used the multi regression method and analyzed the data in eviws.For this purpose the researcher first checked the stationarity of the data through augmented dickey fuller test and then applied the Johansen cointegration Test and the cointegration results showed that there is a positive relationship among oil price, CPI and KSE-100 Index.Though the found results don't show the very strong relationship but it helps in concluding that oil prices have effect on CPI and KSE-100 Index

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What this paper is about

The oil is one of the most important factors affecting the economy of the world that is why any change in the oil prices brings change in all the economic variables.For this purpose the researcher have analyzed the impact of oil prices on the Consumer Price Index (CPI) and Stock market (KSE-100 Index), For this purpose the researcher collected the data from secondary sources on CPI and KSE-100 Index from 2007 to 2012.To analyze the impact of the oil prices the researchers used the multi regression method and analyzed the data in eviws.For this purpose the researcher first checked the stationarity of the data through augmented dickey fuller test and then applied the Johansen cointegration Test and the cointegration results showed that there is a positive relationship among oil price, CPI and KSE-100 Index.Though the found results don't show the very strong relationship but it helps in concluding that oil prices have effect on CPI and KSE-100 Index

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Available abstract

The oil is one of the most important factors affecting the economy of the world that is why any change in the oil prices brings change in all the economic variables.For this purpose the researcher have analyzed the impact of oil prices on the Consumer Price Index (CPI) and Stock market (KSE-100 Index), For this purpose the researcher collected the data from secondary sources on CPI and KSE-100 Index from 2007 to 2012.To analyze the impact of the oil prices the researchers used the multi regression method and analyzed the data in eviws.For this purpose the researcher first checked the stationarity of the data through augmented dickey fuller test and then applied the Johansen cointegration Test and the cointegration results showed that there is a positive relationship among oil price, CPI and KSE-100 Index.Though the found results don't show the very strong relationship but it helps in concluding that oil prices have effect on CPI and KSE-100 Index

Key concepts: Monetary economics, Economics, Oil price, Stock (firearms), Stock exchange, Stock price, Business, Financial economics

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