Master of Science in Economics
Faculty / School
School of Economics and Social Sciences (SESS)
Department of Economics
Date of Submission
Dr. Muhammad Nishat, Faculty of Business Administration, Institute of Business Administration, Karachi
MSECO Research Project
This paper investigates the empirical relationship between changes in international oil prices, specifically Arab light and stock returns of oil intensive sectors of Pakistan. Our study uses monthly data for last ten years, i.e., 2009 – 2018. This paper focuses on exploring the stimulating strand of sensitivity to oil price change by layering in periods based on structural breaks: increasing and decreasing trends. Results confirm that sensitivity varies across sectors; some of the industries show a positive association whereas others showed negative effect, and furthermore some theses associations are also time variants.
Lodhia, Z. F. (2021). An empirical research of crude oil price fluctuation on stock returns of oil intensive sectors in Pakistan: evidence from the structural break (Unpublished graduate research project). Institute of Business Administration, Pakistan. Retrieved from https://ir.iba.edu.pk/research-projects-mseco/32
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