The Relationship between Financial Stock Markets of Firms and Commodities.

Stock exchanges play an important economic role in developing countries such as Saudi Arabia. As a result, this study investigates the connection between Saudi Arabian stock markets, equities, commodities, and currency. This study utilized secondary data from 2013 to 2022. This analysis utilizes thirty Saudi Arabian firms' financial stock markets, stocks, commodities, and currencies. The correlation between the study's variables was analyzed using Stata. The coefficients illustrate how Saudi Arabian firms' return on equity (ROE) increases with each unit increase in each independent variable. Given that the F-statistic is 39.82, the fitted significance level for the pooled OLS model is 1%. The FGLS Regression Model was developed to investigate the connection between Saudi Arabian financial stock markets, stocks, commodities, and currency. During the COVID-19 pandemic, the ROE of Saudi Arabian firms decreased by up to 3.5%. The size and activity of the stock market have statistically and economically significant effects on business expansion. The economy of Saudi Arabian companies is affected by the opening stock price, dividend yield, market capitalization, trading volume, and open Saudi Riyal to US Dollar exchange rate. Equity-heavy corporations grow more rapidly than others. Future research could investigate how the stock market's growth influences macroeconomic variables such as capital formation, private savings rates, and firm productivity. [ABSTRACT FROM AUTHOR]