تحليل أثر أداء قطاعات السوق المالية السعودية في أداء المؤشر الرئيس للسوق

Abstract EN

This study aimed to analyze the role of the Saudi financial market sectors in guiding the general index of the main market (TASI) in the short and long terms.

The volume and direction of the impact of the returns of each of these sectors on the returns of the main index was determined, through Victor Autoregressive (VAR) analysis, using the daily closing data for the market sector indices, and the main index, for the period between 1/ 1 / 2016 until 11 / 3/ 2020 .

The results of the study showed existence of positive effect for some sectors and adverse effect for some other sectors in the long term.

In the short term, there was no significant effect of the returns of most market sectors on the returns of the main index.

The study highlighted the role of consumer sectors in determining the direction of the main index returns, and recommended them for investors in the event that the market is expected to rise.