Akademik Veri Yönetim Sistemi
Tezin Türü: Yüksek Lisans
Tezin Yürütüldüğü Kurum: İstanbul Ticaret Üniversitesi, Finans Enstitüsü, uluslararası finans, Türkiye
Tezin Onay Tarihi: 2024
Tezin Dili: İngilizce
Öğrenci: AYA HUSAM EDDIN
Danışman: Sıtkı Sönmezer
Özet:
The COVID-19 epidemic is significantly impacting the global economy, leading to problems with supply chain disruptions and influencing the stock market due to price volatility and instability. The study of the impact of the pandemic on stock markets is becoming main in both the areas of finance and business history. This study aims to determine the effect of the COVID-19 pandemic on King Saudi Arabian stock returns. It presents by employing an event study methodology to measure the response of stock prices and market volatility in Saudi Arabia. The Saudi stock market experienced significant changes before and after the COVID-19 crisis announcement, with abnormal returns on twenty different sector indices observed from -10 to 10. On event day (day 0), thirteen sectors had ordinary returns, three had positive average abnormal returns, and four had negative average abnormal returns. Consumer Services had a 0.61% positive average abnormal return, Pharma, Biotech, and Life Science had a 0.00017% positive average abnormal return, and REIT had a 0.29% positive average abnormal return. Food and Beverages had a 0.67% negative average abnormal return, Health Care Equipment & Services had a -1.08% negative average abnormal return, Materials had a -0.44% negative average abnormal return, and REIT had a -1.42% negative average abnormal return.