Kalyanaraman, Lakshmi; Tuwajri, Basmah Al - In: International Journal of Financial Research 5 (2014) 1, pp. 81-92
, industrial output, money supply, exchange rate, oil prices along with the global stock prices proxy Standard and Poor 500 index … macroeconomic variables are found to impact stock prices. Standard and Poor 500 index does not affect Saudi stock prices. Vector … error correction model shows the presence of long run causality from the explanatory variables to the stock prices. Short …