Abstract
This paper i n v estigates the impact of oil Prices on Gulf Coope r ation Council (GCC) sto c k ma r k ets’. Since GCC count r ies are major suppliers of oil, their sto c k ma r k ets are li k ely to be suscepti b le to change in oil p r ice s . The results confirm that there is an influence of oil p r ice change on GCC sto c k ma r k ets retu r ns in the long-te r m. Long te r m is defined here as the pe r iod of time required f or the ef f ect of oil p r ice changes to w o r k out its w a y to influence major macroeconomic indicators that influence profitability of fi r ms t r aded in GCC sto c k ma r k et s .
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