AUTHOR=Khan Ali Burhan , Sharif Arshian , Islam Muhammad Saif Ul , Ali Anis , Fareed Muhammad , Zulfaqar Maria 

TITLE=Impact of oil prices on the Islamic and conventional stock indexes’ performance in Malaysia during the COVID-19 pandemic: Fresh evidence from the wavelet-based approach

JOURNAL=Frontiers in Energy Research

VOLUME=Volume 10 - 2022

YEAR=2022

URL=https://www.frontiersin.org/journals/energy-research/articles/10.3389/fenrg.2022.962017

DOI=10.3389/fenrg.2022.962017

ISSN=2296-598X

ABSTRACT=The motivation behind conducting this research is to study the association between oil prices, Islamic and conventional stock index performance in the Malaysian market during COVID-19 using wavelet analysis technique. The daily data of selected variables was collected from January 1 2020, to June 10 2021. Empirical investigation made with wavelet analysis along with Toda-Yamamoto test. The results revealed the significant response of both Indexes to the oil price. Such response was negative for the short and medium-term; however, it became positive in the long run. Our research has several important implications and recommendations for asset managers and policymakers.Policymakers and regulators should promote awareness and adopt effective action plans to minimize the risk of change in oil prices during the COVID-19 period. This research will enable investors, scholars and policymakers to improve their current structure and prepare them for any potential future crisis.