The impact of Oil Price and Gold Price on Pakistan Stock Exchange, before and during Covid-19

Abstract

Our Research Explores the impact of oil price on Pakistan Stock Exchange both kse-100 and kmi-30 From Pre to Post Covid. The dependent Variables are Kse-100 and Kmi-30 while Independent Variables are Oil Price and Gold price with the control Variable Inflation. We use the Time series Daily data of oil price, gold price, Inflation, kse-100, and Kmi-30 from 1 January 2016 to 30 April 2021. We applied Simple Regression Technique to Analyze the impact of Oil price on stock Exchange. We Found that there is a positive and significant impact of oil price on Pakistan Stock market. Furthermore, we found that there is a significant Positive impact of gold price on Pakistan Stock exchange. Before covid the impact of gold and oil price is positive, but when the pandemic Cases arise in 2020. This shows negative impact the prices of Gold and oil price falling due to lockdown and less demand. Stock exchange shows positive impact during Covid both the KSE-100 and Kmi-30 market