eng Science and Education Publishing Journal of Finance and Economics 2328-7276 2025-02-16 13 1 41 56 10.12691/jfe-13-1-4 JFE20251314 article DRAMA B¨¦di Guy Herv¨¦ dramsiben.upgck@gmail.com, guyhervedrama@gmail.com 1 Department of Economics, Universit¨¦ Peleforo Gon Coulibaly, (Korhogo) Ivory Coast This paper examines the relationship between oil prices, exchange rates, and BRVM-C stock prices within the context of the COVID-19 pandemic. We identified a cointegration relationship among the variables, allowing us to estimate the long-run elasticities. Our findings indicate a statistically significant positive effect of oil prices on stock prices prior to the onset of the pandemic. However, during the COVID-19 period, this relationship lost significance, while a positive and significant effect was observed in the post-COVID resilience period. In terms of exchange rates, we found a statistically significant negative effect on stock prices before the pandemic. This relationship shifted to a positive and significant effect during the spread of the virus, followed by a return to a negative and significant effect in the resilience period. Additionally, our short-run elasticity estimates reveal that oil prices had a negative and significant impact on stock returns before the pandemic, a negligible effect during the pandemic, and a non-significant effect thereafter. Conversely, exchange rates exhibited a positive but non-significant effect before and during the pandemic, transitioning to a negative and significant effect only in the period following the pandemic. https://pubs.sciepub.com/jfe/13/1/4/jfe-13-1-4.pdf COVID-19 oil price stock market BRVM composite