Research Article
Impact of Environmental Fluctuations on Stock Markets: Empirical Evidence from South Asia
| Sample: 30 Jan 13 to 14 Jun 21 but with gaps | No. of observations = 1453 | Distribution: Gaussian | Prob > chi2 = 0.0000 | OIL WTI | Coef. | Std. Err. | Z | P>|z| | [95% conf. Interval] |
| OILWTI | — | DSE-30 | 0.062 | 0.044 | 1.41 | 0.160 | 0.0245 | 0.1491 | KSE-100 | 0.359 | 0.042 | 8.41 | 0.000 | 0.2759 | 0.4438 | BSE-100 | 0.654 | 0.051 | 12.72 | 0.000 | 0.5533 | 0.7549 | -cons | −0.0004 | 0.0005 | −0.68 | 0.495 | −0.0015 | 0.0007 | ARCH | 0.8013 | 0.046 | 17.42 | 0.000 | 0.711 | 0.891 | L1. | | | | | | | GARCH | | | | | | | L1. | 0.1056 | 0.0324 | 3.26 | 0.001 | 0.0421 | 0.169 | −cons | 0.0002 | 0.00002 | 9.21 | 0.000 | 0.0002 | 0.0003 |
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