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317554

The impact of the Coronavirus pandemic on the performance of the financial market: The case of the Sector indices in the Egyptian Stock Exchange

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Last updated: 29 Dec 2024

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Abstract

    Abstract This paper aims to study the effect of coronavirus pandemic on the performance 0f the financial market in the Egyptian Stock Exchange, Coronavirus spread has been measured by “Total cases, daily cases, Total deaths and Daily deaths" on daily basis. The dependent variable reflects the response of the Egyptian sectorial indicators to the spread of the Coronavirus and is measured by the returns of the daily sectorial indicators for the Egyptian stock market; this has been applied on daily basis over the period from March 1, 2020 till October 31, 2021.         Results indicate that the returns of the stock market sectors seems to be more sensitive to total indicators of mortality than daily deaths from coronavirus, and daily cases more than total cases of coronavirus. The coefficient of determination between the independent variables and the variable belonging to 4 sectors is (IT, Media & Communication Services 0.393, Industrial Goods, Services and Automobiles 0.470, Health Care & Pharmaceuticals 0.327, Basic Resources 0.266), While the correlation coefficient and the coefficient of determination between the independent variables and the dependent variable reached strong correlation ratios for 13 sectors of the stock exchange.  

DOI

10.21608/ajmris.2023.317554

Keywords

Coronavirus, Stock Market Sectors, Performance. Egyptian Stock Exchange

Authors

First Name

Mona

Last Name

Khalil

MiddleName

Ali

Affiliation

Lecturer of Business Administration High Institute for Computer and Information Systems

Email

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City

ALX

Orcid

-

Volume

1

Article Issue

1

Related Issue

43508

Issue Date

2023-09-01

Receive Date

2023-09-17

Publish Date

2023-09-01

Page Start

141

Page End

154

Print ISSN

2974-4318

Online ISSN

2974-4326

Link

https://ajmris.journals.ekb.eg/article_317554.html

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https://ajmris.journals.ekb.eg/service?article_code=317554

Order

8

Type

Original Article

Type Code

2,816

Publication Type

Journal

Publication Title

Alexandria Journal of Managerial Research and Information Systems

Publication Link

https://ajmris.journals.ekb.eg/

MainTitle

The impact of the Coronavirus pandemic on the performance of the financial market: The case of the Sector indices in the Egyptian Stock Exchange

Details

Type

Article

Created At

20 Dec 2024