Regional analytics and forecasting for most affected stock markets: The case of GCC stock markets during COVID-19 pandemic

This paper determines the most affected stock market by COVID-19 among GCC stock markets and extracts the factors that increase this effect. Recommendations from the analytics results are studied, which can mitigate the financial impacts by taking the proper actions to reduce them. Despite the actio...

Full description

Saved in:
Bibliographic Details
Published in:International journal of system assurance engineering and management 2022-06, Vol.13 (3), p.1298-1308
Main Authors: Alkhatib, Khalid, Almahmood, Mothanna, Elayan, Omar, Abualigah, Laith
Format: Article
Language:English
Subjects:
Artificial neural networks
Coronaviruses
COVID-19
Disease control
Disease transmission
Economic forecasting
Engineering
Engineering Economics
Indicators
Logistics
Marketing
Mathematical analysis
Organization
Original
Original Article
Pandemics
Quality Control
Reliability
Safety and Risk
Securities markets
Stock exchanges
Viruses
Websites
Citations: Items that this one cites
Items that cite this one
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:This paper determines the most affected stock market by COVID-19 among GCC stock markets and extracts the factors that increase this effect. Recommendations from the analytics results are studied, which can mitigate the financial impacts by taking the proper actions to reduce them. Despite the actions taken by countries worldwide to prevent the spread of COVID-19, the financial effects are still unidentified. Recently, the spread of the COVID-19 caused a decline in the stock market indicators because most sectors witnessed a recession because of curfews imposed to limit the spread of the virus. Different datasets are collected from the “Trading Economics” website, related to the indicators of COVID-19 and stock markets for each Gulf Cooperation Council (GCC) country. In addition, constructing visualizations of the most critical factors that support the facts extracted from the correlation analytics results showed that Bahrain was most affected by the COVID-19 pandemic with 47,351 confirmed cases per million populations. Moreover, building a forecasting model using Artificial Neural Network to establish how the virus will continue spreading until the end of May 2020. The results showed that the Kuwait stock market was the most affected by the pandemic, with average losses of −0.28. The losses would soon increase in the Bahrain stock market by −0.29, so in the next two months, the losses would be −0.35%, and Bahrain would be the most affected market in GCC.
ISSN:0975-6809
0976-4348
DOI:10.1007/s13198-021-01445-9