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Investigating the Arab stock markets during Arab spring

Author

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  • Naser I Abumustafa

    (Dean and Professor of Finance, College of administrative and financial sciences, Al-Ahliyya Amman University)

Abstract

Arab Spring in Tunisia, Egypt, Bahrain, Jordan, Kuwait and Saudi Arabia affect the national economy of each country. The article investigates the impact of Arab Spring on the stock markets performance during Arab spring. The article uses daily closing price data of the six stock markets; trade volume of monthly data during 2010:12–2015:06. The article shows that the higher the causality between stock market trade volume and foreign direct investment the higher the risk. The results reveal that the Arab stock markets exhibit the persistence of volatility, mean reverting behavior and volatility clustering.

Suggested Citation

  • Naser I Abumustafa, 2016. "Investigating the Arab stock markets during Arab spring," Journal of Asset Management, Palgrave Macmillan, vol. 17(5), pages 313-318, September.
    • Handle: RePEc:pal:assmgt:v:17:y:2016:i:5:d:10.1057_jam.2016.8
    DOI: 10.1057/jam.2016.8
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    References listed on IDEAS

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    Cited by:

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    2. Gerasimos G. Rompotis, 2018. "Political Uncertainty and the Greek Stock Market over the Period 2011-2015," Capital Markets Review, Malaysian Finance Association, vol. 26(1), pages 1-18.
    3. Hussain A. Bekhet & Jad Alkareem Alhyari & Nora Yusma Mohamed Yusoff, 2020. "Highlighting Determinants of Financial Performance of the Jordanian Financial Sector: Panel Data Approach," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 11(6), pages 237-252, December.
    4. Tantisantiwong, Nongnuch & Halari, Anwar & Helliar, Christine & Power, David, 2018. "East meets West: When the Islamic and Gregorian calendars coincide," The British Accounting Review, Elsevier, vol. 50(4), pages 402-424.

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