The Impact of Oil Price Fluctuations on the Stock Prices of the Saudi Stock Market Sectors

Authors

  • Ismail Bengana Department of Quantitative Methods, College of Business, King Faisal University, Saudi Arabia
  • Khaled Mili Department of Quantitative Methods, College of Business, King Faisal University, Saudi Arabia
  • Said Khalfa Brika Administration Sciences Department, University of Bisha, Saudi Arabia

DOI:

https://doi.org/10.63332/joph.v5i2.400

Keywords:

Oil Prices, Stock Prices, Saudi Financial Market, Panel Data Models, Causality Test, Co-integration

Abstract

This research paper aims to know the extent of the impact of oil price fluctuations at the world level, before and after the Covid 19 pandemic, on the prices of the most important sectors of the Saudi stock market, where the co-integration methodology was used to verify the possibility of a long-term equilibrium relationship. After using various tests of stationarity, causality, etc., then proving the existence of this relationship, which means that there is a financial contagion between the oil sectors and the rest of the other sectors, and the Covid-19 pandemic had a profound impact at all levels.

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Published

2025-04-04

How to Cite

Bengana, I., Mili, K., & Brika, S. K. (2025). The Impact of Oil Price Fluctuations on the Stock Prices of the Saudi Stock Market Sectors. Journal of Posthumanism, 5(2), 51–69. https://doi.org/10.63332/joph.v5i2.400

Issue

Vol. 5 No. 2 (2025)

Section

Articles

License

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

CC Attribution-NonCommercial-NoDerivatives 4.0

The works in this journal is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.