摘要:The study attempts to examine the relationship between oil prices and stock prices; for the case of Karachi stock market and Dhaka stock market over the period of 1990 to 2014. By using the regression estimation method, the results confirmed the significant positive relationship between oil price and both the stock market prices. In the regression analysis, the variable’s R shows the interdependence of all prices and the stock prices of both KSE and DSE, while R-Sq shows the factors affecting the stock market other than oil. This paper has concluded that the international oil prices hold a great importance in the Asian oil importing countries which affect their stock markets.