Stock Volatility in Muscat Securities Market
Nadia Sha1, K.S. Chandrasekar2, M. R. Dileep3, Shariq Mohammed4
1Dr. Nadia Sha, Assistant Professor, CCBA, Dhofar University, Salalah, Sultanate of Oman.
2Dr. K. S. Chandrasekar, Professor and Dean, IMK, University of Kerala, Trivandrum (Kerala), India.
3Dr. M. R. Dileep, Head, Department of Travel and Tourism Management, Pazhassiraja College, Wayanad (Kerala), India.
4Dr. Shariq Mohammed, Assistant Professor, CCBA, Dhofar University, Salalah, Sultanate of Oman.
Manuscript received on 20 October 2019 | Revised Manuscript received on 25 October 2019 | Manuscript Published on 02 November 2019 | PP: 3953-3962 | Volume-8 Issue-2S11 September 2019 | Retrieval Number: B15360982S1119/2019©BEIESP | DOI: 10.35940/ijrte.B1536.0982S1119
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: Research studies proved that share prices keep on changing every day in the stock markets. Hence this particular research article is very relevant to analyse the Volatility of Muscat Securities Market over a specified period. Here, six Oil and Gas companies were selected for this research article. The study aimed at analysing the stock market volatility of Regular market players and Parallel market players of Muscat Oil and Gas companies and evaluating their relationship.This research article used GARCH model for measuring the volatility of Muscat Securities Market with special reference to Oil and Gas companies listed in the MSM. The study resulted that highest volatile companies are Shell Oman Marketing from regular market and Oman Oil Market from parallel market. Study also found that National Gas and Shell Oman Marketing companies has the probability of producing positive return and Almaha Petroleum Products Mar. Study also found that positive shock has higher level of impact on conditional variance while connected with negative shock. From the Parallel market it is found that Muscat Gases has the probability of positive return in future. Based on the descriptive result it is found that there are two companies i.e., National Gas and Shell Oman Marketing were expecting positive return in future. Therefore, investors can focus to these companies while they enter into the Muscat stock market, Study found that there is no significant price variation between the three regular market companies.
Keywords: Volatility, Muscat Securities Market, Oil and Gas Companies, Stock Volatility, Stock Market, GARCH Model, E-GARCH Model.
Scope of the Article: Marketing and Social Sciences