アラビアン・ジャーナル・オブ・ビジネス・アンド・マネジメント・レビュー

Impact of International Oil Crisis 2014-2016 over Enlisted Marketing Oil Companies Share Prices of Pakistan Stock Exchange

Abstract

Malik Aftab Ahmed

In the recent years, plethora literature is being provided over the oil crisis since 1973/74 up till the recent oil crisis. Being a developing economy, Pakistan heavily depends over the international oil prices constancy. Oil crises started from December 2014 had crucially decreased the prices breaking record of last 11 years. The primary objective of study is to measure the impact of current regional oil crisis over the market share prices of enlisted oil companies in Pakistan stock exchange study tests the relationship between oil prices and stock prices of oil companies of Pakistan. Results pinpoints the dominance of international oil prices volatility on real stock prices of Pakistani oil marketing companies both at short run and long run.