Normal

Kuwait

Qatar

Saudi

UAE

Bahrain

Oman

0.1129

0.2712*

0.1953

0.0282

−0.0068

0.3196***

(1.476)

(2.548)

(0.934)

(1.094)

(−0.021)

(13.039)

0.0123

−0.0811***

0.0037

0.0547

0.0003

0.0973***

(0.865)

(7.129)

(0.276)

(1.009)

(1.108)

(3.078)

0.0043

0.0890***

−0.0001

0.0031

−0.0006

0.0674***

(1.134)

(4.956)

(−0.127)

(0.027)

(−0.861)

(21.967)

0.0001

−1.5146***

−0.3148

1.6880

1.2992

−1.1618**

(1.153)

(−3.976)

(−1.423)

(1.438)

(0.923)

(−2.310)

0.0111

−0.1540***

−0.0872*

0.0492

0.0989

0.3187

(1.568)

(−1.726)

(−1.753)

(1.545)

(1.368)

(1.243)

(0)

(0)

(0)

(0)

−2.9951

−9.3970

−13.9373

−13.2904

−3.7923

−10.8337

−5.9892

−18.7908

−27.8716

−26.5777

−6.5816

−21.6644

−5.9863

−18.7822

−27.8630

−26.5691

−6.5730

−21.6557