The Interdependence of Stock Market among Malaysia and Selected Middle East Countries: Financial Innovation of Islamic Stock Index

Erlie Kamisan, Rafidah Othman, Beni Kelana, Theresa Ho, Mohd Ramliy

2019

Abstract

This article is publish to review the interdependence of stock market among Malaysia and selected Middle East countries (Jordan, United Arab Emirates, Bahrain and Qatar). Throughout the year, there are many researches and studies conducted on stock market. Majority of the studies come out with the conclusion that most of the stock market around the world has linkages and interdependence. However, there still lack of study in the context of Islamic stock market interdependencies that explore the linkage between volatility of returns in selective Middle East market. Hence, in this article, the study is to focus on the level of international equity market interdependence between Malaysia and selected Middle East country. The study will conduct based on the daily data of the stock indices from January 2008 until December 2018. The results from the study will be useful for the policy maker in regulating the market especially for financial innovative, and to investors and speculators to beat the both markets.

Paper Citation

in Harvard Style

Kamisan E., Othman R., Kelana B., Ho T. and Ramliy M. (2019). The Interdependence of Stock Market among Malaysia and Selected Middle East Countries: Financial Innovation of Islamic Stock Index. In Proceedings of the 20th Malaysia Indonesia International Conference on Economics, Management and Accounting - Volume 1: MIICEMA, ISBN 978-989-758-582-1, pages 898-903. DOI: 10.5220/0010609000002900

in Bibtex Style

@conference{miicema19,
author={Erlie Kamisan and Rafidah Othman and Beni Kelana and Theresa Ho and Mohd Ramliy},
title={The Interdependence of Stock Market among Malaysia and Selected Middle East Countries: Financial Innovation of Islamic Stock Index},
booktitle={Proceedings of the 20th Malaysia Indonesia International Conference on Economics, Management and Accounting - Volume 1: MIICEMA,},
year={2019},
pages={898-903},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0010609000002900},
isbn={978-989-758-582-1},
}

in EndNote Style

TY - CONF

JO - Proceedings of the 20th Malaysia Indonesia International Conference on Economics, Management and Accounting - Volume 1: MIICEMA,
TI - The Interdependence of Stock Market among Malaysia and Selected Middle East Countries: Financial Innovation of Islamic Stock Index
SN - 978-989-758-582-1
AU - Kamisan E.
AU - Othman R.
AU - Kelana B.
AU - Ho T.
AU - Ramliy M.
PY - 2019
SP - 898
EP - 903
DO - 10.5220/0010609000002900