Abstract:
Purpose
The purpose of this research is to examine the impact of OP, Gold prices and Geopolitical risk on
Islamic stock market and Conventional Stock Market. Since it is clear that OP, gold prices and GPR has
significant impact on Stock market.
Methodology & Design
The researcher used quantitative and deductive approach. This is explanatory research; therefore, the
result is based on cause and effect relationship between variables. Data is collected from investing.com
site which is based on monthly prices of oil, gold and GPR from past 15 years. This data has been tested
by applying regression method. However, Eviews software is used to find out the root cause of data.
This is a secondary research.
Findings
Findings of this research came out as there is a significant relation between OP, gold prices, GPR and
Dow Jones Stocks (Conventional and Islamic). The result shows that OP have inverse relation on Stock
Price (Conventional and Islamic), whereas Gold prices and Geopolitical risk have significantly direct
relation with Stock Price (Conventional and Islamic).
Limitations
The limitations are time limitation and availability of data. Researcher have to complete it within a
semester.
Recommendations
The results ofthe research are beneficial for Portfolio managers, Policy makers & Investors considering
the impact of OP, gold prices and geopolitical risk on Dow Jones Stock Market (Conventional & Islamic). Investors should consider applications of both (Islamic and Conventional) Securities before
investing in any index.
