This paper examines the degree to which four emerging stock markets in the Arab Gulf countries (Bahrain, Kuwait, Oman … and Saudi Arabia) are regionally linked and the implications of this on portfolio diversification and hedging strategies …. We find that conditional heteroscedasticity is present in all these markets and also that conditional volatility responds …

This paper examines the degree to which four emerging stock markets in the Arab Gulf countries (Bahrain, Kuwait, Oman … and Saudi Arabia) are regionally linked and the implications of this on portfolio diversification and hedging strategies …. We find that conditional heteroscedasticity is present in all these markets and also that conditional volatility responds …

significant and positive impact on volatility in four markets and no impact in three markets, namely Abu Dhabi, Bahrain and Doha. …This paper examines the empirical relationship among stock return, trading volume and volatility for the seven stock … evidence that shocks persist in the conditional variance, good news have different impact on market volatility than bad news …

) economies, in this paper non-parametric co-integration and variance bound tests are employed to decompose volatility into … fundamental and non-fundamental components. Findings of the paper indicate that about 85% of volatility in GCC markets is due to … the non-fundamental volatility component. This result suggests that herd behaviour may be a reason for excess price …

) economies, in this paper non-parametric co-integration and variance bound tests are employed to decompose volatility into … fundamental and non-fundamental components. Findings of the paper indicate that about 85% of volatility in GCC markets is due to … the non-fundamental volatility component. This result suggests that herd behaviour may be a reason for excess price …

economic diversification would reduce their exposure to volatility and uncertainty in the global oil market, help create jobs … limited. This paper argues that increased diversification will require realigning incentives for firms and workers in the … economies—fixing these incentives is the “missing link†in the GCC countries’ diversification strategies. At present …