Sectoral Sensitivity of Oman Stock Market to Oil Price Movements

• Autorzy: Mohammad Anasweh
• Języki publikacji: EN

Abstrakty

EN

This study investigates Omani stock market responses to the decline in oil prices. It examines the effects at both market and sectoral levels, specifically to distinguish the sector reaction from the market reaction as a whole. The period of the study, covering 10 years from 2010-2019, experienced huge swings in oil prices. Using Granger causality and regression analysis, the results support the asymmetric sensitivity of stock market returns to oil price fluctuations. This study also concludes that the Omani stock market and its heterogeneous sectors differ in their responses to oil price fluctuations. Oman stock market is dealing with the drop in oil prices by reducing the dependence of certain sectors on oil revenues which would make them less susceptible to the decline in oil prices. Further studies, employing different methodologies to investigate other GCC stock markets, will increase our understanding of the dynamics between oil price fluctuations and GCC sectoral returns. (original abstract)

Słowa kluczowe

PL

Ceny ropy naftowej; Przyczynowość w sensie Grangera; Ceny akcji

EN

Oil prices; Granger casuality; Shares prices

• Czasopismo: Journal of International Studies
• Rocznik: 2021
• Tom: 14
• Numer: nr 1
• Strony: 216-226

Twórcy

autor

Mohammad Anasweh

• Mutah University, Jordan

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Identyfikatory

DOI

10.14254/2071-8330.2021/14-1/15