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Keywords

rentier economy
oil revenues
financial markets
the Iraqi stock exchange.

Abstract

ــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــ Abstract The study aims to analyze the relationship through which the crude oil markets interact with the financial markets, as we will track this relationship by highlighting the importance of oil revenues and how they are affected by the factors that cause their fluctuations, and to clarify the impact of this on the indicators of the Iraqi stock market, represented by (the general index For stock prices, trading volume index, number of shares index and market value index) using the annual data of oil revenues and the indicators of the Iraqi stock market to reach a realistic research and its results can be generalized. Iraq Stock Exchange (market value index, trading volume index, number of shares index), While there is no effect of oil revenues on the general index of stock prices, the study also recommended working on increasing the activity of the Iraqi stock market and diversifying its investment tools through joint cooperation with foreign financial markets.
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