IMPACT OF CONVENTIONAL STOCK MARKET INDEX ON ISLAMIC STOCK MARKET INDEX IN BOSNIA AND HERZEGOVINA | Zendy

Edin Djedović | Zendy; Irfan Djedović | Zendy

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IMPACT OF CONVENTIONAL STOCK MARKET INDEX ON ISLAMIC STOCK MARKET INDEX IN BOSNIA AND HERZEGOVINA

Author(s) -

Edin Djedović,

Irfan Djedović

Publication year - 2019

Publication title -

journal human research in rehabilitation

Language(s) - English

Resource type - Journals

eISSN - 2232-996X

pISSN - 2232-9935

DOI - 10.21554/hrr.041909

Subject(s) - stock market index , index (typography) , volatility (finance) , islam , capitalization weighted index , stock market , stock exchange , econometrics , economics , vector autoregression , financial economics , business , geography , finance , computer science , context (archaeology) , archaeology , world wide web

This study analyzes the impact of conventional index (SASX-30) on Islamic index (SASE-BBI) in Bosnia and Herzegovina. In the study are used daily index observations spanning in a period from October 2016 until May 2018. The data is obtained from the Sarajevo Stock Exchange database. Vector Auto-regression analysis (VAR) and Impulse response functions are used in order to estimate the impact. The results show that there is a significant negative impact of conventional index volatility (SASX-30) on Islamic index volatility (SASX-BBI) in Bosnia and Herzegovina.

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