This study investigates the correlation between the total stock exchange indices of selected countries, the oil price index, gold prices, and commodity indices. The stock markets analyzed include those of the USA, Japan, Germany, China, and the UK, as well as selected Arab countries such as Saudi Arabia, Egypt, the United Arab Emirates (UAE), and Iraq. The research covers the period from early 2010 to February 2024, utilizing daily data. To achieve the research objectives, the cross-quantilogram method is employed, and the results are presented in a table of cross-correlations and network graphs. The findings indicate that the stock markets of Japan, Germany, and the USA exhibit a strong positive correlation (greater than 0.95). Conversely, the oil market demonstrates the highest negative correlation with the Chinese stock market, with an estimated correlation value of -0.57. Among the studied Arab countries, Iraq's stock market displayed a negative correlation with most of the examined indicators, while the markets of Egypt, the UAE, and Saudi Arabia showed a positive correlation. Notably, the Saudi Arabian stock market had the highest positive correlation with the Dow Jones index, while the Egyptian stock market exhibited the strongest positive correlation with the Nikkei index.