Oil Exports, Political Issues, and Stock Market Nexus

This study investigates the influence of oil export and political issues on Iraq's stock exchange using various Ordinary Least Square regression models. The empirical results show that model's effect is not similar based explanatory variables included, such as Covid-19 outbreak, financial crisis, parliament elections, ISIS emergence are significant. In contrast, internal conflict, export, prices substantial effects index Iraq from (2004 to 2021); researchers in literature have neglected this market due its novel establishment after (2003). Moreover, capitalization still considers very small compared regional markets. contributes existing knowledge because most studies determinants consider political, economic, democratic, or governmental factors. here, elements included new measurements, conflict by cutting off share Kurdistan region central state budget. Finally, analysis incorporates conclusions with straightforward suggestions policymakers can use, government, investors, supervisors control risk.