Analisis Pengaruh Variabel Ekonomi Makro Terhadap Indeks Saham Syariah di Indonesia Periode Maret 2020 – Desember 2022

Abstract

Sharia capital market has existed since 25 years ago. Recently, sharia capital market is growing rapidly proven by the number of investors and Indonesia sharia stock index that increased. Some research show that Indonesia sharia stock index is affected by macroeconomy variable. The aim of this research is to analyze the effect of macroeconomy variable on Indonesia sharia stock index during pandemic Covid-19. Macroeconomy variables that used in this research are currency in circulation, inflation, and IDR exchange rate. Multiple linear regression will be used as a tool for data analysis. Data processing result shows that currency in circulation              and IDR exchange rates influence Indonesia sharia stock index but not significant, while IDR exchange rates effects significantly on Indonesia sharia stock index.