Islamic Economics and finance in Focus (IEFF)
Vol. 4 No. 2 (2025)

The Effect of Macroeconomic Conditions and the Global Economy on ISSI Stock Prices

Ahmad, Syafiq Malik (Unknown)



Article Info

Publish Date
18 May 2025

Abstract

This research examines the impact of macroeconomic and global economic variables on ISSI stock performance using quantitative methods based on secondary data. By applying time series regression analysis with OLS (Ordinary Least Square), this study explores the relationship between macroeconomic variables, such as corporate production index, inflation, world oil price, world gold price, and Dow Jones Islamic Market, with changes in ISSI stock prices during the period January 2018 to July 2023. The results showed that the company's production index and the world oil price had a significant effect on the ISSI stock price. Meanwhile, inflation, world gold prices, and DJIM have no significant effect on ISSI stock prices. But overall the independent variables have a considerable influence on the movement of ISSI stock prices. The results of this study are expected to provide in-depth insight into the dynamics of ISSI stock prices and the relative contribution of macroeconomic and global factors in ISSI stock price movements.

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Journal Info

Abbrev

ieff

Publisher

Subject

Religion Economics, Econometrics & Finance Social Sciences

Description

Publish all forms of quantitative and qualitative research articles and other scientific studies related to the field of Islamic Economics and ...