SJC

Kuwait

Qatar

Saudi

UAE

Bahrain

Oman

−1.6768***

0.0142***

−0.0451***

0.0106***

−0.5787

−2.1245

(−7.883)

(17.169)

(−10.422)

(3.890)

(−0.712)

(−0.414)

−2.1736

0.0061***

−0.0081

0.0834***

−0.0766

−1.9755

(−0.484)

(27.025)

(−0.251)

(5.578)

(−0.187)

(=0.132)

0.1308

0.0557***

−0.0032

0.0341***

0.0077

−0.1867

(0.653)

(15.098)

(−0.132)

(3.983)

(0.942)

(−0.883)

0.3695

0.3278***

0.4005***

0.3274**

−1.4722

0.4537

(0.953)

(8.123)

(6.257)

(2.3171)

(−1.499)

(0.981)

−7.5930**

−4.5970***

−2.9999***

−2.9951***

5.9937

−8.7337

(−2.402)

(−8.734)

(−2.7959)

(−4.356)

(0.2523)

(−0.475)

−2.6017

0.0092***

0.0312***

0.0068***

−3.4327

−3.3229

(−1.059)

(13.618)

(25.629)

(4.051)

(−0.284)

(−0.457)

−2.3662

0.7902***

0.0558***

0.0139***

−2.3662

−4.3667

(−0.887)

(17.158)

(30.182)

(3.576)

(−0.887)

(−1.002)

−1.1647

1.0313***

0.1903***

0.0055***

−1.1647

−1.2539

(−1.113)

(15.317)

(32.485)

(3.983)

(−1.113)

(−0.993)

7.9710*

0.7118***

0.9946***

0.8998***

2.6279

0.2128

(2.211)

(12.603)

(5.094)

(3.683)

(1.528)

(0.729)

−6.7355

−4.4958***

−2.2832***

−2.9875***

8.8226

9.4365

(−1.349)

(−3.033)

(−3.426)

(−3.322)

(0.111)

(0.049)

(0)

(0)

(0)

−12.1812

−10.8822

−18.0976

−20.2465

−14.7464

−11.0141

−24.7622

−21.6573

−36.1921

−40.4867

−29.4925

−22.0251

−24.7467

−21.6414

−36.1835

−40.4695

−29.4879

−22.0164