Table 4.

The results obtained by the unit root test.

Empty Cell	ADF test
	Form	Test statistic	P-Value
L Stock Index	Level	−2.325	0.81
Empty Cell	First diff	−3.255	0.0075
L Oil Price	Level	−4.5	0.08
L Gold Price	Level	−3.215	0.46
Empty Cell	First diff	−7.325	0.0000