Impact of International Oil Crisis 2014-2016 over Enlisted Marketing Oil Companies Share Prices of Pakistan Stock ExchangeMalik Aftab Ahmed*
Department of Basic and Applied Sciences, International Islamic University, Islamabad, Pakistan
- *Corresponding Author:
- Ahmed MA
International Islamic University
E-mail: [email protected]
Received Date: November 14, 2016; Accepted Date: January 25, 2017; Published Date: February 04, 2017
Citation: Ahmed MA (2017) Impact of International Oil Crisis 2014-2016 over Enlisted Marketing Oil Companies Share Prices of Pakistan Stock Exchange. Arabian J Bus Manag Review 7: 283. doi: 10.4172/2223-5833.1000283
Copyright: © 2017 Ahmed MA. This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.
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.