Impact of Change in Oil Prices on the Shares of Oil Marketing Companies Traded on the KSE-100 Index

Ali, Mubashar (2006): Impact of Change in Oil Prices on the Shares of Oil Marketing Companies Traded on the KSE-100 Index.

Abstract

The oil, which is considered to be a black gold and the most precious commodity in the earth, have direct impact in the determination of oil marketing companies share worth. The oil marketing companies share are heavily traded in Karachi Stock Exchange, that is these share play a major role in the determination of KSE- 100 Index.

This research is designs to illuminate the relation in between changes in oil prices and petroleum linked securities traded in KSE-100 Index, it will also cover all the important aspects related to the weight age of petroleum linked securities in index calculation as well as the benefits transferred to the stakeholder by the petroleum companies.

However descriptive as well as analytical research will be performed, while designing the research of this study it is considered that it should serve the purpose practically. However, to obtain the best available result further projective techniques (such as Time series & Regression Analysis) may be used to project the finding of KSE-100 index to other two stock exchanges if time permits.

According to the research study “The Impact Of Change In Oil Prices On The Oil Marketing Companies Share/ Scrip Traded In The KSE-100 Index, it is find out that On an average ,oil marketing companies correlation coefficient is greater than probable error, and according to statistics rule if r > P.E, then there is certain correlation (i.e. coefficient of correlation is significant). The average correlation coefficient is 0.4750 that it is with in the range of 0.2 To 0.5 which indicate that the degree of association is Weak in this case.

• Item Type: MPRA Paper
• Language: English
• Keywords: Oil Prices
• Subjects: E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles; E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles > E31 - Price Level ; Inflation ; Deflation

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