COVID-19 and GCC stock market performance: an analysis of the boon (financial stimulus package) and curse (oil price plunge) effects

Shamsudheen, Shinaj Valangattil; Khattak, Mudeer Ahmed; Muneeza, Aishath; Huda, Miftachul

doi:10.1108/imefm-01-2022-0002

Cited by 5 publications

(2 citation statements)

References 22 publications

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“…The findings suggest that this impact is exacerbated by the development of the Islamic financial system. For their part, Shamsudheen et al (2022) investigate the impact of COVID-19 cases on GCC stock market returns as well as the continuous dynamics of correlation between COVID-19 cases and GCC stock markets. According to the empirical results, there is little evidence that the decline in oil prices has had a negative effect.…”

Section: Literature Reviewmentioning

confidence: 99%

Influence of oil price fluctuations on the network connectedness between oil, GCC Islamic and conventional financial markets

Mezghani

Abbes

2023

IMEFM

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Purpose This paper aims to examine the dynamic spillover effects and network connectedness between the oil prices and the Islamic and conventional financial markets in the Gulf Cooperation Council countries. The focus is on network connectedness during the 2008–2009 global financial crisis, the 2014–2016 oil crisis and the COVID-19 pandemic. The authors use daily data covering the period from January 1, 2007 to April 14, 2022. Design/methodology/approach This study applies a spillover analysis and connectedness network to investigate the risk contagion among the Islamic and conventional stock–bond markets. The authors rely on Diebold and Yilmaz’s (2012, 2014) methodology to construct network-associated measures. Findings The results suggest that overall connectedness among financial market uncertainties increased during the global financial crisis, the oil price collapse of 2014–2016 and the COVID-19 crisis. In addition, the authors show that the contribution of oil shocks to the financial system is limited, as the oil market was a net receiver during the 2014 oil shock and the COVID-19 crisis. On the other hand, the Islamic and conventional stock markets are extensive sources of network effects on the oil market and Islamic and conventional bond markets. Furthermore, the authors found that the Sukuk market was significantly affected by the COVID-19 pandemic, whereas the conventional and Islamic stock markets were the highest transmitters of shocks during the COVID-19 pandemic outbreak. Moreover, oil revealed a weak connectedness with the Islamic and conventional stock markets during the COVID-19 health crisis, implying that it helps provide diversification benefits for international portfolio investors. Originality/value This study contributes to this field by improving the understanding of the effect of fluctuations in oil prices on the dynamics of the volatility connection between oil and Islamic and conventional financial markets during times of stress through a network connectedness framework. The main results of this study highlight the role of oil in portfolio allocation and risk minimization when investing in Islamic and conventional assets.

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Section: Literature Reviewmentioning

confidence: 99%

Influence of oil price fluctuations on the network connectedness between oil, GCC Islamic and conventional financial markets

Mezghani

Abbes

2023

IMEFM

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“…penyakit pneumonia yang sama sekali tidak diketahui (Shamsudheen et al, 2022). Coronavirus Disease 2019 atau COVID-19 merupakan penyakit yang baru muncul dan diakui pada bulan Desember tahun 2019.…”

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Pengalaman Perawat dalam Memonitor Pasien Covid-19

Masela,

Kosasih,

Emaliyawati

2023

JOTING

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This study aims to explore the experience of nurses in monitoring Coronavirus Disease 2019 (COVID-19) patients at Tantara Hospital, Ambon City. The method used is qualitative research using a phenomenological design. Participants in the study were health workers working in the isolation room, namely nurses with the following criteria: a minimum of 2 years work experience in the isolation room and a minimum diploma of three, fulfilling the qualifications as an isolation health worker and communicating cooperatively with researchers. Research data collection was carried out using semi-structured interviews, then analyzed using the Colaizzi analysis method. The results showed that there were 5 themes related to the experience of nurses in monitoring COVID-19 patients: Anxiety, Knowledge, nurse loyalty, nurses' feelings, and efforts to reduce the risk of contracting it. In conclusion, nurses experience anxiety due to high job demands, including long working hours, nurse knowledge, loyalty, nurses' feelings and efforts to reduce the risk of infection are very important for nurses to be able to provide appropriate nursing care for patients. Keywords: COVID-19, Emergency, Intensive care unit

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COVID-19 Effects on the Global Economy: An Overview

Mishrif

2024

The Political Economy of the Middle East

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COVID-19 and GCC stock market performance: an analysis of the boon (financial stimulus package) and curse (oil price plunge) effects

Cited by 5 publications

References 22 publications

Influence of oil price fluctuations on the network connectedness between oil, GCC Islamic and conventional financial markets

Influence of oil price fluctuations on the network connectedness between oil, GCC Islamic and conventional financial markets

Pengalaman Perawat dalam Memonitor Pasien Covid-19

COVID-19 Effects on the Global Economy: An Overview

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